Almaz Capital Acquires 23% of online casual games company Alawar Entertainment

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FDN Database Reference:  F231109-317
Acquirer:  Almaz Capital
ACQ Web: 
Location:  Russia, Moscow
Region:  Europe
Description:  Almaz Capital Russia Fund I is managed by Almaz capital and sponsored by Cisco, UFG and EBRD
Category:  Fund
Contact 1: Serguei Beloussov, Ph.D.
Contact 2: Pavel Bogdanov, Ph.D.
Contact 3: Yuriy Fedorov
Contact 4: Alexander Galitsky, Ph.D.
Contact 5: Peter Loukianoff
Contact 6: Charles Ryan

Vendor:  Finam Capital
Vendor Web:
Location:  Russia, Moscow
Region:  Europe
Business Sold: Alawar Entertainment  
Description:  Founded in 1999, Alawar Entertainment has over ten years of experience in the development, publication and distribution of casual games. In 2004, Alawar entered the Eastern European market and became the first company to sell casual games to Russian-language consumers. The company’s catalog currently includes around 250 globally popular casual games.
Category: Online Games
Contact:  Andrew Postnikov, COO

Aprox. Value:  $3,000,000 for 23% equity
Details:  According to Quintura,  Almaz Capital Russia Fund I has invested about $3 million for a 23% stake in the Eastern European casual games company, Alawar Entertainment. The 15% stake was purchased from Finam Capital Partners and the other 8% was purchased from business angel investor, Elcomsoft President, Alexander Katalov.
Link: Quintura Blog

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