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EBRD, RDIF and CapMan Russia Invest in Russian IT Outsourcing Provider MAYKOR (CEE and CIS)

Development finance institution European Bank for Reconstruction and Development (EBRD), Russian sovereign wealth fund the Russian Direct Investment Fund (RDIF) and private equity fund manager CapMan Russia will invest US$100 million in Russia-based IT outsourcing provider MAYKOR. RDIF will invest US$50 million, with EBRD and CapMan Russia, structured through CapMan Russia Fund II, contributing the remainder. MAYKOR intends to use the new financing to grow its share of the Russian IT market.