CMS has advised S8 Capital on the completion of the acquisition of Price.ru from Rambler Group
CMS Russia has advised S8 Capital in connection with the completion of the acquisition of Price.ru, a leading on-line shopping service, from Rambler Group, a Russian media holding company.
The acquisition of Price.ru is a strategic move by S8 Capital in its effort to create and develop a unified, multi-functional, digital platform that will combine a number of tools and services.
Partners Vladimir Zenin and Hayk Safaryan led the deal team of CMS Russia and were supported by Mikhail Panferov and Vladislav Eltovskiy.
Price.ru was launched in Russia in 1997 and is one of the oldest on-line price comparison catalogues in Russia. Today, it contains information on 23 million products and prices from 4,000 stores. The service is used monthly by over 6 million people.
S8 Capital is a diversified Russian holding with the focus on creation and development of high-tech solutions and services. For the past years, companies of the group have gained unique industry-specific competences that allowed to transform into a multi-profile holding. The group has implemented over 100 projects in retail, financial and telecommunications sector, e-commerce and digital media. The founder and shareholder of S8 Capital holding is the Russian businessman Armen Sarkisyan.