Quadro Acquisition One (Quadro-I)

History

2023: Buying a 7.3% stake in the company by an American fund

On April 7, 2023, it became known that the American fund First Trust Capital Solutions acquired a stake in Quadro Acquisition One (Quadro-I), created by the former head of MegaFon Ivan Tavrin.

Quadro-I, CNews which is registered in the Cayman Islands, is the so-called, reports. SPAC structure (Special Purpose Acquisition Company) Such companies have no assets, but go public for the purpose of merging with other firms. Initially, Quadro-I was called Kismet Acquisition Two (Kismet-II): it was formed by Tavrin (owns the holding "") Media-1 along with Kismet Acquisition One (Kismet-I) and Kismet Acquisition Three (Kismet-III). All these three companies in late 2020 - early 2021 held an initial placement of shares () IPO on the stock exchange. Nasdaq The volume of accommodation of Kismet-I and Kismet-III amounted to $250 million each, Kismet-II - $200 million. Tavrin's share in each structure was 21%.

American fund First Trust Capital Solutions acquired a stake in Quadro Acquisition One (Quadro-I)

In early 2021, Kismet-I was absorbed into the Cypriot mobile game developer Nexters with Russian roots. Kismet-II and Kismet-III also considered opportunities for a merger with Russian companies operating in the telecommunications sector in particular. But due to the current geopolitical situation, these firms, as noted by CNews, abandoned business development in Russia and began to search for partners for mergers in the markets of Europe, the Middle East and Africa. At the same time, Tavrin sold his stake in Kismet-II to Quadro Sponsor, after which the structure was called Quadro Acquisition One.

As part of the transaction, First Trust Capital Solutions, registered in the US state of Delaware, became the owner of a 7.3% stake in Quadro Acquisition One: the value of this package is $22.4 million. In addition, shares in Quadro Acquisition One are owned by the American fund Glazer Capital and the Japanese investment Nomura Holding - 7.7% and 4.4%, respectively.^[1]

Notes