Wednesday, October 19, 2011

KupiVIP estimated at $ 200 million

Company KupiVIP, managing shopping clubs KupiVIP and KupiLuxe, as well as collaboration services shopping KupiKupon.ru, is in talks with private equity fund Russia Partners. The Fund is willing to pay $ 40 million for the 20% stake in the retailer. Funds received as a result of the transaction, will be channeled to improve the logistics (including - creating their own delivery service orders). Russia Partners Fund praised the company at $ 200 million, according to RBC daily, referring to representatives of independent investment firms. In the future, according to the publication, the retailer does not intend to raise additional funds - after reaching an agreement with Russia Partners Company KupiVIP will seek a strategic investor. It is worth noting that the Oscar Hartman, director KupiVIP.ru, called a strategy of "untrue" and promised further report on any changes in KupiVIP.

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