The group of companies “Vezet”, uniting the services of the taxi order Fasten Russia (Saturn and RedTaxi brands) and Rutaxi (brands “Leader” and “Vezet”) intends to raise up to $ 200 million by mid-2018, for which the UBS investment bank hired. Potential investors may be, in particular, Japanese SoftBank and Rakuten, as well as Kingdom Holding and Daimler, with whom preliminary negotiations were held.
One of the largest taxi aggregators in Russia, GC “Vezet”, plans to attract investments of $ 200 million to develop the business, Bloomberg reported January 17, citing familiar with the situation sources. The company hired UBS as the organizer of the private placement of shares, which is scheduled for mid-2018. Alexander Kostikov, Director for Corporate Relations at GK Vezet, confirmed this information to Kommersant. “Investments will go to the development of the digital platform, including applications, transfer of subscribers to use the application (marketing costs) and further regional expansion,” he said.
Preliminary talks are held with Japanese SoftBank and Rakuten, as well as Kingdom Holding and Daimler, Interfax reports, citing an interlocutor familiar with the company’s plans.
Also, according to him, investors can play Chinese players, for example, Alibaba, who receive additional synergy through cooperation in the delivery area, as well as players of the so-called camp “against Uber”. Information on potential investors in GC “Vezet” is not commented.
GC “Vezet” was formed after the announcement of a strategic partnership between the companies Fasten (brands “Saturn” and RedTaxi) and Rutaxi (brands “Vezet” and “Leader”). The deal was carried out with the assistance of the private equity fund UFG Private Equity, which became the largest shareholder in the combined company Fasten, told Arsen Hakobyan, a partner of UFG Private Equity. Other shareholders were the owners of Fasten and Rutaxi, their names were not disclosed. The fund invested in the combined company the amount of “less than $ 100 million” and already then negotiated to raise new funds in the amount of $ 200 million. In December 2017 GC “Vezet” received investments from Almaz Capital Alexander Galitsky. The amount of the investment round was not disclosed, but sources reported that it could be about $ 10 million. Now the company operates in more than 100 cities of Russia, Kazakhstan and the Czech Republic. In December 2017, “Lucky” made 41 million trips.
Author: Roman Rozhkov
Article in Russian: Kommersant