Kismet Acquisition One

History

2021

Nexters Global Merger Completed

On August 24, 2021, it became known that the Kismet Acquisition One (Kismet) company registered in the British Virgin Islands, Ivan Tavrin, is completing a merger with Nexters.

As part of an extraordinary meeting of Kismet shareholders, in which the owners of 71% of Kismet's shares took part, 98% of the participants voted for the deal.

Nexters and Kismet are scheduled to complete the merger on August 26, 2021. Before the completion of the transaction, US investor Feis Lawrence, owner of Feis Equities, bought up a 6.3% stake in Kismet. The market price of this package is $19.3 million.

It is noteworthy that both Kismet and Nexters have Russian roots. Kismet was created by telecommunications and media manager Ivanov Tavrin, who in 2012-2016. was the general director of Megafon, controlled by the holding USMAlisher Usmanov. Together with Usmanov, Tavrin created the UTV television holding. As of August 2021, UTV is solely owned by Tavrin through the Media-1 holding. This holding also owns a network of regional radio stations "Choose Radio" and outdoor advertising operator Gallery. In addition, Tavrin is a co-owner of the tower company Vertical (its services are used by mobile operators).

In turn, Nexters was created by Russians Andrei Fadeev and Boris Herzovsky. Fadeev and Herzovsky each own a 22% stake in Nexters, another 42% of the shares belong to Cyprus Everix Investments, behind which are brothers Igor and Dmitry Bukhman, the creators of another developer of mobile games - Playrix.^[1]

Nexters Global Game Developer Purchase

In early February 2021, it became known about the sale of Nexters Global to Kismet Acquisition One, founded by former MegaFon CEO Ivan Tavrin. More details here.

2020: IPO on Nasdaq

At the end of 2020, Kismet held an initial offering of shares (IPO) on the US Nasdaq exchange. Thus, the company raised $250 million. At the same time, Kismet did not have its own assets: the company was created with the aim of entering the exchange and subsequently merging with a structure that wants to become public. The funds received during the IPO, Kismet could only spend if such a transaction was carried out.

During the IPO, the shareholders of Kismet were American funds Millennium Management (7.8% of the shares) and Sculptor Capital (5.6%), as well as Canadian funds Polar Asset Management (8%), HGG Investment Management (5.9%) and RP Investment Advisors (5%).

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