Mamut Alexander Leonidovich

Mamut Alexander Leonidovich

Alexander Mamut is a Russian entrepreneur and financier. He made a fortune by buying up and reselling assets (usually minority shares of companies) in a variety of industries: from retail to oil and gas and construction.

Assets

50% owner at Rambler & Co.

Earlier, ^[1], a shareholder in Nomos Bank^[1] and Euroset^[2] - the largest Russian company operating in the mobile retail market.

The owner of a 61% stake in Spar Moscow Holding, which owns Spar grocery stores in Russia, opened under the license of the Dutch retail chain of the same name.

Biography

Born January 29, 1960 in Moscow in a family of lawyers. In 1982, he graduated from the Law Faculty of Lomonosov Moscow State University.

In 1990, he established the ALM Consulting Law Office, one of the partners was Igor Shuvalov (in the future, First Deputy Prime Minister of the Russian Government). Together with Andrei Gloriozov, he founded Business and Cooperation Bank, renamed Imperial in 1991.

In the second half of the 1990s, Mamut appeared in the press as a "particularly trusted person" of Boris Berezovsky, an entrepreneur close to the entourage of Russian President Boris Yeltsin.

1993: One of the founders of the Seventh Continent

1993-1997 - one of the founders, shareholder and member of the board of directors of Seventh Continent OJSC.

1993-1998 - Founder, Chairman of the Board of CJSC Commercial Bank Project Financing Company '.

In 1998, Mamut was mentioned in the press as a member of the board of directors of Sobinbank. In the same year, he became an adviser on economic issues in the presidential administration.

1998-2001 - founder and shareholder of ALM Development.

1999: Head of the Board of Directors of MDM Bank

In 1999, according to the Versiya newspaper, Mamut was the founder of a number of companies - Nalei LLC, Olla CJSC, Old Building Technology CJSC, Sibtrest CJSC, Slavyanka LLC and Clift CJSC. In August of the same year, Mamut was elected chairman of the supervisory board of MDM Bank (Moscow Business World).

In 1999-2002, he headed the board of directors of MDM Bank.

In 1999, he took the post of freelance adviser to the head of the presidential administration, Alexander Voloshin.

2002-2005 - Chairman of the Board of Directors of Troika-Dialog Investment Company.

2005-2006 - Member of the Board of Directors of OSAO Ingosstrakh.

2006: Establishment of SUP Media

Since 2006, Mamut has been in the Internet business. Then the president of Poster Publishing House, Andrew Paulson, suggested that he jointly buy Six Apart the rights to service the Cyrillic segment of the popular American blog platform LiveJournal. As a result, SUP was created, which in 2007 became the owner of the LiveJournal service.

Alexander Mamut believes in the prospects of LJ

In 2007, The Most restaurant opened in the center of Moscow, in 2008 he bought the rights to a long-term lease and reconstructed the Pioneer cinema on Kutuzovsky Prospekt. He is one of the founders of the Strelka Institute of Media, Architecture and Design.

2008 - the purchase by A&NN, headed by Mamut, from Yevgeny Chichvarkin and Timur Artemyev of 100 percent of the shares of Euroset. In October 2008, 49.9% of Euroset's shares were sold to VimpelCom.

2009: Purchase of the Torpedo-ZIL football club

In 2009, for a symbolic $1, he bought the Torpedo-ZIL football club, at the end of the 2010 season he closed the project, the club ceased to exist.

2012

Status of $2.1 billion

In 2012, Mamut takes 40th place in the ranking of the Russian-language version of Forbes "The richest businessmen of Russia - 2012"^[3] and 601 place in the world ranking of billionaires Forbes^[4]. Alexander Mamut's fortune is estimated at $2.1 billion.

6.6% purchase at Nomos Bank

The Czech group PPF Group agreed to sell its 26.5% of the voting shares of Nomos Bank: 19.9% will be acquired by Otkritie Financial Corporation, 6.6% by Alexander Mamut (No. 40 in the ranking of the 200 richest businessmen in Russia according to Forbes, fortune - $2.1 billion) and former vice president of Altimo Oleg Malis.

2013: Merger of Internet assets with Vladimir Potanin

In April 2013, businessmen Alexander Mamut and Vladimir Potanin decided to combine their Internet assets - the combined company Afisha and Rambler with the company Soup Media, which owns the popular blog service Livejournal.com and other projects. The financial terms of the transaction are not disclosed, but it is known that Mamut will become the managing shareholder and chairman of the board of directors of the combined company. The transaction was cash-free, in the form of a combination of assets. So the company "Afisha-Rambler-SUP" was formed, where each partner received 50%. She developed 20 projects, of which the largest audience had a blog platform Livejournal.com, an information portal-aggregator Rambler.ru, Rambler News, online publications Lenta.ru, Gazeta.Ru, Afisha.ru and Championat.com, as well as the Rambler mail service.

2014: Appointment of Rambler & Co CEO

Until 2014, Mamut did not personally manage portfolio companies, preferring the less troublesome role of a financial investor. Attendance at Rambler & Co resources is falling at this time. The monthly audience of all sites of the holding, according to the TNS Web Index, from April 2013 to April 2014 decreased by 15%, from 38.8 million to 33.6 million people. In April 2014, Alexander Mamut became the CEO of the company.

2017: Redemption of Potanin's share. 100% consolidation in Rambler & Co

On January 16, 2017, the Alexander Mamut Fund A&NN Investments announced that it had become the sole owner of the Rambler & Co media holding. Earlier, the fund owned 50% of Rambler & Co, another half of the company belonged to businessman Vladimir Potanin. The parties did not disclose the terms of the transaction.

Earlier, Vedomosti sources close to both sides of the transaction said that Mamut would pay Potanin $295 million - an amount that both businessmen agreed on back in 2013 when they combined their media assets. Then Potanin invested in the Rambler & Co Internet portal Rambler and, ID "Poster" Mamut - the company "" Soup(bloghostling Livejournal, etc.). Potanin's assets earned more and cost more, but each of the partners received parity shares, and Mamut became the managing partner. In exchange, Potanin received the right after 2.5 years if he wanted to sell his stake to Mamut at a fixed price - $295 million. The option expired in December 2016.

The transaction was initially fixed in dollars, and in connection with the fall in the ruble exchange rate, the value of Mamut's option almost doubled - from 9.7 billion rubles. (This figure was indicated in the official documents of Profmedia - Potanin's media asset) to 18.1 billion rubles. Vedomosti sources said earlier that Mamut tried several times to negotiate with Potanin in order to reduce the payment for Rambler & Co or postpone the execution of the option, but could not.

2018: Otkritie transfers to the Trust the rights to claim Alexander Mamut's debt of 30 billion rubles

On the basis of Trust, the Central Bank of the Russian Federation created a bank of non-core assets (BNA) for the problem assets of the sanitized largest banks - Otkritie FC, Binbank and Promsvyazbank (PSB). In November 2018, it was reported that Otkritie FC transferred to the Trust, including the rights of claim to the group of companies of Alexander Mamut. The representative of Mamut then said that "we are talking about loan obligations that are serviced in full accordance with the terms of the agreements." "The fact of a change of creditor does not affect the activities of the group," he said.

The exact amount of Mamut's debt to the Trust has never been disclosed. Forbes notes that at the end of 2019, two interlocutors of the publication who worked in the structures of the Otkritie group estimated it at 30 billion rubles. This amount was confirmed by Forbes interlocutor close to Sberbank. In December 2018, the management of Otkritie FC Mikhail Zadornov, in an interview with Vedomosti, said that Mamut's group had repaid more than $140 million in debt over the year and did not have any overdue loans.

2020: Sale of helicopter business in Switzerland and payment of part of the debt to Trust Bank

In February 2020, it became known that Alexander Mamut (Forbes estimates his fortune at that time at $2.9 billion) will pay Trust Bank 4.5 billion rubles. in repayment of debt, the total amount of which is 30 billion rubles. This was reported by Forbes, citing sources in the structures of the Otkritie group, which includes the Trust.

According to the interlocutors of the publication, Mamut will direct part of the proceeds from the sale of the Swiss helicopter manufacturer Kopter Group to reduce debt.

Mamut's debt to the Trust is about 30 billion rubles, an interlocutor close to Otkritie told RBC^[5].

Kopter Group the Italian Leonardo The company announced the purchase of 100% Swiss investment company Lynwood Investments from Mamut at the end of January 2020. Then it was reported that at the first stage Leonardo will pay $185 million, in the future this amount should increase due to new payments, the size of which will be determined taking into account the performance indicators of Kopter.

2021

Debt to Trust Bank 23.5 billion rubles

In January 2021, Trust Bank invited billionaire Alexander Mamut to pay off a loan delay of 0.5 billion rubles. and begin negotiations on a new restructuring of the debt of the United Cinema Chain "Cinema Park" and "Formula Cinema."

The total amount of debt of Mamut's structures to the Trust exceeds 23.5 billion rubles. Of it, the main part falls on the film business  - 19.82 billion rubles. at the end of December, the amount of delay in the film business in interest payments  - 1.1 billion rubles.

The borrowers of the Trust are two more Mamut companies: Medholding and Vanderkind (associated with the Hamley's franchise chain of children's toy stores). Their debt is $4.5 million and 2.5 billion rubles. respectively. 500 million rubles. from the debt of "Vanderkind" overdue for a month, "Trust" has already sent a pre-trial claim to the company and plans to file a new lawsuit against Mamut.

In early January 2021, Trust already filed a lawsuit against Mamut for 1 billion rubles. and wrote off part of the proceeds from the accounts of the United Film Network.

As of March 2021, Alexander Mamut is a Member of the Board of Directors of the Rambler Group.^[6]

An attempt by a Mamut-related company to sue Nginx in the United States failed

As it became known in early April 2021, a California court dismissed the lawsuit of Lynwood Investments, associated with Alexander Mamut, against the owner of Nginx and F5 Networks, Nginx founders Igor Sysoev and Maxim Konovalov, as well as investing in Runa Capital and E.Ventur. More details here.

Family

• Son Nikolai Mamut.
• Son Leonid Mamut.
• Son Dmitry Mamut.

Notes