Elbrus Capital, previously known as Renaissance Private Equity but renamed after Europe's largest mountain (pictured), invested in Mail.ru in 2007 and sold out at its flotation earlier this month.
Elbrus Capital, a venture capital firm spun off from Russia-based investment bank Renaissance, has made its first exit through the flotation of internet holding company Mail.ru.
Elbrus, then known as Renaissance Private Equity, invested in Mail.ru in 2007 before raising its first fund at $180m the following year.
Dmitri Krukov, the former managing partner of Renaissance Private Equity, set up Elbrus with Alexander Savin, the ex-chief executive of A1 Group, an investment arm of Alfa Group, and Robert Thielen,…
