“Finam” sold its stake in Alawar Entertainment

company Alawar Entertainment, a venture fund Almaz Capital Partners and investment Finam announced an agreement under which Almaz Capital Partners buys from their “Finam” its stake in Alawar Entertainment.

Alawar Entertainment, a venture fund Almaz Capital Russia Fund I (also known as Almaz Capital /Cisco Russia Fund I) and an investment holding company “Finam” announce a deal, which resulted in the Almaz Capital Partners buys from their “Finam” belonging his stake in Alawar Entertainment. Under the deal Almaz Capital becomes the holder of 23% of the shares received by their “Finam” through several rounds of investment, since August 2007.

Over the past two and a half years Alawar significantly strengthened its leading position in the distribution of casual games in RuNet by developing their own sites and affiliate network growth. The company has issued more than 60 new products for the gaming platforms such as PC, Mac, iPhone, Sony PlayStation 3, J2ME, Android. In 2009, Alawar launched its own distribution in the markets of Ukraine, Poland, Germany and Finland. The estimated value of the company for 2.5 years increased 4.5 times and an average turnover growth over the past three years was 120% per year.

“During the cooperation with” Finam “We have made significant progress in the field of distribution of casual games in Russia, securing leadership in this segment, and is now fully ready for the new stage of development, the main thrust of which will be international expansion. With professional opportunities fund Almaz Capital, we plan to enter new markets, sales and streamline existing business processes according to international standards. We also expect that the Almaz Alawar help in achieving our financial investment strategy on the international market “, - commented on changes in shareholdings of the company CEO Alawar Entertainment Alexander Lyskovsky.

“The key element of investment strategy Almaz Capital is the investment and acquisitions of innovative companies of Russian origin, ready for dynamic development in the global markets. The company Alawar Entertainment, having achieved an explicit leadership in the market selling casual games in RuNet today is aimed at active business development in new countries. demonstrating the steady growth of its financial performance over recent years, the company is the best way possible consistent with our chosen strategy. Lyskovsky Alexander assembled a remarkable team of professionals who continue to provide steady growth Alawar “, - stressed Alexander Galitsky, managing partner of Almaz Capital Partners.

“Finam investment holding” in time of possession Service Alawar Entertainment has acquired valuable experience in the rapidly growing market for casual games and get the best return on investment. Together, we have implemented a number of interesting projects, which Alawar has secured the leadership position in the segment. I am confident that the company will keep the high dynamics of development. We, in turn, in the near future we plan to fund several new projects, expanding its portfolio of assets in the IT-industry, &am1000p;quot;- said Alexey Basov, Director of IT-investments THEIR FINAM .

Department of Public Relations and Media Investment Holding Finam.

About the companies:

Alawar Entertainment

Alawar Entertainment - a leading international publisher and distributor of casual games. Playing a collection of over 200 custom projects for PC, including the series “Farm Frenzy”, “Treasures of Montezuma,” “Masyanya. Games from Alawar also represented on the platform iPhone ™, PlayStation ® 3, Nintendo DS ™, Mac ®, Android ™ and J2ME, the plans - production of entertainment content for social networks and the creation of MMO-games. The company was one of the first entered the Russian market sales and currently holds a leading position in this field. He is awarded the National Award for his contribution to the development of the Russian segment of the Internet “Award Runet. In addition to the Russian market, Alawar Entertainment is engaged in digital distribution of casual games in the USA, Poland, Czech Republic, Finland, Germany, Ukraine, Sweden and the Baltic countries, distributing products through its own sales channels and partnership program.

Almaz Capital

Almaz Capital Russia Fund I (also known as Almaz Capital /Cisco Russia Fund I), managed by Almaz Capital Partners - a venture capital fund investing in the development of technology and communication companies and digital media in Russia and other CIS countries. The Foundation has offices in Silicon Valley and Moscow.
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