Baring Vostok Acquires Minority Stake in Skyeng (CEE and CIS)

Source(s): Kommersant | Author(s): Elizaveta Makarova, Roman Rozhkov

Russia and CIS-focused private equity fund manager Baring Vostok Capital Partners has acquired a minority stake in Russia-based online English language education company Skyeng. The company provides English courses for schoolchildren and training for corporate clients primarily through its Vimbox platform. Financial details of the transaction were not disclosed.