Baring Vostok Acquires 5 Percent Stake in Tealsy

Source(s): Kommersant | Author(s): Anatoly Kostyrev

Russia- and CIS-focused private equity fund manager Baring Vostok Capital Partners has acquired a 5 percent stake in Tealsy, a Russia-based online grocery wholesale marketplace. Tealsy’s founder, Andrey Krivenko, also founded Russia-based grocery store chain VkusVill, in which Baring Vostok holds a 12 percent stake. Financial details of the transaction were not disclosed.