Capital Times Investment Company acted as a sole financial advisor in the sell of the Ukrainian pension business of IFD Kapial (Russian Federation) to a strategic investor. Amount of transaction is not disclosed. About the IFD Kapital:
The Group was established in 2003 and is one of the Russia's largest diversified holding. Currently investments of the Group are represented in oil and gas sector, banking services, pensions, construction, energy, media and high technologies. The total assets of the Group as of the beginning of 2008 have exceeded USD 17b, total shareholders equity – USD 6b. IFD Kapital is included in the TOP-100 Russia's largest companies in terms of revenue (according to the rating Finance-500 and Expert-400). In Ukraine, The Group owns Bank Petrocommerce-Ukraine, a hotel complex in Crimea, etc.