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Russian distributor 1C seeking $100m investment

Renaissance Capital to manage private equity placement

Russian distributor and publishing outfit 1C Company is seeking USD 100 million through a private equity placement.

According to business newspaper Kommersant, and reported by Quintura, investment bank Renaissance Capital is managing the deal.

1C made revenues of USD 350 million in 2007, and had been estimated to be worth more than USD 1 billion before the recession.

The company acquired publishing rival Buka last year, and developer Ino-Co in 2007.

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Matt Martin avatar
Matt Martin: Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.
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