Eruditor Group Holding’s RUB 1.6 Billion Investment From Sberbank Investments and RCIF

Bryan Cave Leighton Paisner has advised Sberbank Investments and the Russia-China Investment Fund on the matter, while White & Case advised Eruditor group on the deal.

Sberbank Investments and the Russia-China Investment Fund (RCIF, established by the Russian Direct Investment Fund and China Investment Corporation) provided a RUB 1.6 bn investment structured as a syndicated venture loan in Eruditor Group holding, owner of the leading Russian professional services marketplace Profiand Zoon information service.

Profi enables professionals to seek customers and users to find qualified specialists in multiple sectors, including tutors, repair and beauty professionals, sports coaches, etc.

Zoon provides consumers with information about various places and organisations in the tertiary sector and helps businesses to promote themselves.

The funds attracted from RCIF and SberInvest will be used to develop existing and new products and services, and to expand the business onto foreign markets.

The transaction support team was led by Banking and Finance Counsel Igor Zhivotov. Corporate and M&A Partner Anton Panchenkov (Picture) supervised corporate aspects of the deal. The BCLP team also included Partner Emma Howdle-Fuller, Associates Lira Pogodina and Sam Wilson (Banking and Finance); Counsel Alexey Koshelev and Associate Elena Shelomenzeva (Corporate and M&A) and others.

The White & Case team included Moscow-based Local Partner Ekaterina Logvinova, Counsel Adam Smith, and Associate Azamat Gaisenov.

Involved fees earner: Emma Howdle-Fuller – Bryan Cave Leighton Paisner; Alexey Koshelev – Bryan Cave Leighton Paisner; Anton Panchenkov – Bryan Cave Leighton Paisner; Lira Pogodina – Bryan Cave Leighton Paisner; Elena Shelomenzeva – Bryan Cave Leighton Paisner; Samuel Wilson – Bryan Cave Leighton Paisner; Igor Zhivotov – Bryan Cave Leighton Paisner; Azamat Gaisenov – White & Case; Ekaterina Logvinova – White & Case; Adam Smith – White & Case;

Law Firms: Bryan Cave Leighton Paisner; White & Case;

Clients: Eruditor; Russia-China Investment Fund; Sberbank;

Author: Federica Tiefenthaler