Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Mint Capital

Amdocs Acquires jNetX From Mint Capital

Russia's Mint Capital has completed divestiture from American telecom software developer, jNetX, following an October 2009 announcement that it had put the company up for sale. After initially investing USD 2 million in jNetX in 2002 and adding several million more since, Mint sold the company to U.S.-based Amdocs for USD 50 million, free of debt and cash.

Tinkoff Restaurants Up for Sale by Majority Owner

The majority owner of Russian casual dining chain Tinkoff Restaurants has announced his decision to sell his share in the company after 11 years of operation. Oleg Tinkov made the announcement through his Twitter account, telling his audience that he had grown bored of the investment and asking potential buyers to email their offers to his LiveJournal account. Though it's not clear how much Tinkov's share is worth, he claims to own 70% of the company after selling some share to Mint Capital in 2008. The chain currently operates nine locations throughout Russia, down from thirteen a year ago.

Mint Capital Invests in Debt Collector Stolichnoye Kollektorskoye Agentstvo

Mint Capital, the Scandinavian private equity firm based in Moscow, is set to purchase a substantial stake in Stolichnoye Kollektorskoye Agentstvo (SKA), a Russian debt collection agency. With bad debts mounting in Russia, agencies like SKA stand to benefit, making this a growth opportunity for Mint Capital. Mint Capital acquires 25% stake plus one share and gaining a seat on the company's board in the process.

Mint Capital Invests $10 Million in Casual Dining Tinkoff Restaurant Chain

Mint Capital announced that it signed a USD 10 million investment agreement with casual dining restaurant chain Tinkoff Restaurants. The direct equity investment is set to improve the company's regional expansion plans of building 37 new locations by 2011, bringing the total number of restaurants to 50. Further details of the transaction are unavailable.

Mint Capital Makes Investment in UCMS Group

Private equity fund Mint Capital has invested an non-disclosed amount into UCMS Group. The capital from the direct equity investment will be used primarily for the expansion UCMS Group EMEA's workforce management outsourcing services and on demand solutions for software throughout the Nordic, Russian, Central and Eastern European companies.

Russian Chocolate Producer Fruzhe receives Investment from Mint Capital

Moscow based Mint Capital, the private equity investment firm, has made an initial investment into Russian chocolate company Fruzhe. Complete details of the transaction, including volume have not been released.

Mint Capital Acquires Blocking Stake in Mone Beauty Salons

Mint Capital, the private equity fund, has invested USD 8 million for a blocking stake in Russian cosmetics chain Mone. The investment is to be used to expand their chain to at least eighty-five new locations in Moscow, St. Petersburg and the rest of Western Russia.

Scandinavian PE Fund Mint Capital Invests $40 Million in Russian IT Firm Verysell

Scandinavian private equity fund Mint Capital invested USD 40 million investment into Russian IT company Verysell. Mint Capital joined with UK investment fund RP Explorer Fund to facilitate the transaction. Further details of the transaction have not been released.

Mint Capital Acquires Minority Stake in A-Dept for $5 Million

Moscow based private equity investment group Mint Capital has acquired a minority stake in A-Dept Company for an estimated USD 5 million. The percentage and volume of shares as well as the transaction statistics and financials are not available.