RDIF Establishes Pre IPO Co-Investor Programme with BlackRock, Goldman Sachs and Templeton Ahead of Moscow Listings

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• Publié par: russian-direct-investment-fund
• Nombre de lectures: 242
• Langue: English

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RDIF Establishes Pre IPO Co-Investor

Programme with BlackRock, Goldman Sachs

and Templeton Ahead of Moscow Listings

PR Newswire

ST. PETERSBURG, Russia, June 21, 2012

ST. PETERSBURG, Russia

,

June 21, 2012

/PRNewswire/ --

A consortium of international investors consisting of BlackRock Investment

Management (UK) Limited, Templeton Asset Management Ltd. and the

European Special Situations Group of Goldman Sachs International have signed

a Memorandum of Understanding with the Russian Direct Investment Fund

(RDIF) to establish a co-investor programme to work together in Pre IPO

transactions for market leading Russian corporates.

The investor consortium includes BlackRock (a leader in investment

management, risk management and advisory services worldwide), Templeton

(a pioneer in emerging markets and one of the world's largest emerging and

frontier markets investment teams), and Goldman Sachs (the world's leading

investment bank and securities firm). Collectively, the three institutions have

assets under management in excess of

USD 5 trillion

.

The consortium, which will be co-ordinated by RDIF, will seek to make

investments in Russian companies with annual revenues in excess of

USD 500m

that are planning to go public on the

Moscow

stock exchange MICEX-RTS within

the next 6-18 months. Each investment will be decided upon by the programme

co investors acting separately in their own discretion.

Kirill Dmitriev, Chief Executive of the Russian Direct Investment Fund

commented: "We are delighted that our initiative has attracted the support of

investors enjoying the scale and reputation of BlackRock, Goldman Sachs and

Templeton. The programme will support Russian companies at a critical

moment in their capital raising. It has the potential to significantly increase the

number and quality of Russian companies that IPO in

Russia

which in turn will

strengthen the depth and liquidity of the domestic Russian capital markets."

David Graham, Head of International Ventures at BlackRock

added, "We look

forward to working with the RDIF and other consortium partners on this

programme and commend the RDIF initiative to tap an attractive and

increasingly relevant market segment in

Russia

."

Dr. Mark Mobius, Executive Chairman of Templeton Emerging Markets Group

commented, "We are pleased to be part of the RDIF programme and believe

that Pre IPO transactions will benefit from a consortium approach which

improves not only the volume of deals that we are shown but also the quality of

those that we invest in."

Julian Salisbury Partner and Head of Goldman Sachs European Special

Situations Group

added: "We are pleased to support the RDIF programme, as

we believe it will open up new and attractive opportunities for us to invest in

pre-IPO companies in

Russia

."

The consortium intends to start reviewing investment proposals with effect

from the date of this release.

Russian Direct Investment Fund

(RDIF), established in

June 2011

, is to be

capitalized with

$10 billion

in Russian government funds to make equity

investments that generate strong returns. In each investment it makes, RDIF is

mandated to secure co-investment that as a minimum matches its

commitment, thus acting as a catalyst for direct investment into the Russian

economy. Kirill Dmitriev has been Chief Executive Officer of the RDIF since

inception. Additional information is available at http://www.rdif.ru.

BlackRock

is a leader in investment management, risk management and

advisory services for institutional and retail clients worldwide. At

March 31,

2012

, BlackRock's AUM was

$3.684 trillion

. BlackRock offers products that span

the risk spectrum to meet clients' needs, including active, enhanced and index

strategies across markets and asset classes. Products are offered in a variety

of structures including separate accounts, mutual funds, iShares® (exchange-

traded funds), and other pooled investment vehicles. BlackRock also offers risk

management, advisory and enterprise investment system services to a broad

base of institutional investors through BlackRock Solutions®. Headquartered in

New York City

, as of

March 31, 2012

, the firm has approximately 9,900

employees in 27 countries and a major presence in key global markets,

including North and

South America

,

Europe

,

Asia

,

Australia

, and the

Middle East

and

Africa

. For additional information, please visit the Company's website at

http://www.blackrock.com

The Goldman Sachs Group, Inc.

is a leading global investment banking,

securities and investment management firm that provides a wide range of

financial services to a substantial and diversified client base that includes

corporations, financial institutions, governments and high-net-worth individuals.

Founded in 1869, the firm is headquartered in

New York

and maintains offices

in all major financial centers around the world.

Franklin Resources, Inc.

[NYSE:BEN] is a global investment management

organization operating as Franklin Templeton Investments. Franklin Templeton

Investments provides global and domestic investment management solutions

managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and

Bissett investment teams. The

San Mateo, CA

-based company has more than

60 years of investment experience and over

$683 billion

in assets under

management as of

May 31, 2012

. For more information, please call 1-800/DIAL

BEN® or visit franklinresources.com.