United Capital Partners - UCP

History

2013: Purchase of 48% in VKontake

On April 17, 2013 it became known that the United Capital Partners (UCP) fund acquired 48% of shares of VKontake. 40% of shares were sold by the co-founder of network Vyacheslav Mirilashvili and his father, the famous St. Petersburg entrepreneur Mikhail Mirilashvili (owns the St. Petersburg group "Konti"). Another 8% were sold by the chief executive of VKontakte Lev of Levi.

Thus, UCP became the largest shareholder of VKontakte. 40% of stocks of network belong to Mail.ru Group holding, 12% - to the CEO of VKontakte Pavel Durov. At the same time Durov manages as well add Mail.ru Group.

Transaction amount does not reveal. The last transaction which was carried out by Mail.ru Group with stocks of VKontakte took place in the summer of 2011. Then all network was estimated at $1.4 billion. Proceeding from this assessment the amount of the present transaction could be about $700 million.

The shareholders' agreement of VKontakte provided the preferential right of the existing shareholders to the redemption of shares in the company, CNews told a source among shareholders. The notification on the forthcoming transaction to shareholders was not sent, but it will be difficult to dispute sale all the same, the interlocutor of CNews says: most likely, shares in VKontakte were on sale not directly, and together with the relevant offshores^[1].

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