Press-releases

29th May 2008

We are delighted to announce that Da Vinci CIS Private Sector Growth Fund Limited was the first fund company to be admitted to trading on the London Stock Exchange’s Specialist Fund Market (SFM) on May 29th 2008. Ticker: DVPS LN.

Da Vinci CIS Private Sector Growth Fund Limited is a Guernsey closed-ended company targeting investments in private companies in the CIS planning an IPO, strategic sale or management buy-out in the next two to four years, as well as small cap companies already listed on the region's markets.

The Company aims to achieve medium-term capital growth through investments primarily in unlisted equity and equity-related securities and other instruments of companies that are located in Russia and other countries of the Commonwealth of Independent States.

Approximately USD 90mn of capital was raised in a private placement in January 2008. With additional finds that have been raised subsequently, a total of approximately USD 110mn was admitted to trading on the day.

Commenting on the announcement, Oleg Jelezko, CEO of the Da Vinci Capital Group of companies, said:
“I am pleased to announce Da Vinci CIS Private Sector Growth Fund Ltd’s admission to trading on the London Stock Exchange’s new market, the SFM, a vital step in the Company’s development strategy. This Company is the flagship product of Da Vinci Capital Management. We have been careful to build an organization that possesses unique complementary skill sets in both public and private equity. We look forward to generating continued value for our existing shareholders as well as attracting new investors. We expect further significant inflows into the Fund shortly”.

Commenting on today’s announcement, Dag Cramer, CEO of BSG Capital Markets, said:
"In our capacity of both partner and investor in the fund being listed on the LSE, we are pleased about this latest milestone achieved by Da Vinci Capital. We believe that Da Vinci Capital has positioned itself in a very promising area of the Investment universe and that it has done so with a team that will unlock great value for its investor”.

You can find more information about the event on the London Stock Exchange web page: link

Or on the Financial Times web page: link

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