E1 Card (Online Cards)

History

2024: Cimarron Holding bought E1 Card

In June 2024, it became known about the change of ownership of the E1 Card fuel processing company, which was previously part of the international E100 group. The new owner of the business was the managing partner of K2 Group Anton Pak, known as the co-owner of the drug manufacturer Nanolek.

According to Kommersant, Cimarron Holding JSC acquired Online Cards LLC, the head structure of the E1 Card, from Kirill Bokhan. The financial adviser on the transaction on the part of the seller was Aspring Capital. The value of the acquired asset ranges from ₽7,5 billion to ₽10 billion.

e1-card.ru

E1 Card specializes in providing fuel cards for carriers and cashless services for fuel and additional services. The company's reception network covers about 13 thousand. Gas stations in Russia, Belarus, Central Asia, Transcaucasia and Turkey.

The history of the E1 Card is closely connected with the international group of E100, which in 2022, against the background of events in Ukraine, decided to terminate activities in Russia and Belarus. In the spring of the same year, business in Russia, Belarus and Kazakhstan was sold to Kirill Bohan, the former head of sales at E100 in the eastern region. After that, the company changed its name to E1 Card.

The new owner of E1 Card, Anton Pak, has a wealth of experience in finance and asset management. In the past, he held senior positions at Rosbank and IFC Bank, and also headed the North Caucasus Development Corporation, created by VEB. In 2019, Pak founded K2 Group, which specializes in managing closed-end mutual funds.

Representatives of E1 Card stressed that the acquisition of the company is an independent transaction of Anton Pak and is not related to the management of other assets of K2 Group. In turn, Nanolek announced the lack of communication between the company, its previous shareholders and the purchase of E1 Card.^[1]

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