Russian distributor 1C seeking $100m investment
Renaissance Capital to manage private equity placement
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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.