Elbrus Capital Exits Investment in Mail.ru

Private equity firm Elbrus Capital divested its stake in Mail.ru with the company’s initial public offering on the London Stock Exchange. Mail.ru is a Russian internet company that holds a 2.4% stake in Facebook, as well as stakes in U.S. internet start-ups Groupon and Zynga Game Network, the maker of the popular “FarmVille” Facebook game. Elbrus Capital invested in Mail.ru in 2007, and the exit represents Elbrus’ first from the fund’s portfolio, the firm said. The IPO valued Mail.ru at nearly $6 billion. Elbrus is based in Moscow.

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