M&A Deal Summary

DST Global Acquires QIWI

On July 1, 2007, DST Global acquired internet software and services company QIWI

Acquisition Highlights
  • This is DST Global’s 1st transaction in the Internet Software and Services sector.
  • This is DST Global’s 1st transaction in Cyprus.
Investment Fate
  • QIWI went public in 2011.

M&A Deal Summary

Date 2007-07-01
Target QIWI
Sector Internet Software and Services
Buyer(s) DST Global
Deal Type Add-on Acquisition

Target

QIWI

Nicosia, Cyprus
QIWI is a provider of next generation payment services in Russia and the CIS. It has an integrated proprietary network that enables payment services across physical, online and mobile channels. Qiwi was founded in 2007 and is based in Nicosia, Cyprus.

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Buyer(S) 1

Buyer

DST Global

Moscow, Russia

Category Private Equity Firm
Founded 2005
Size Large
Type Sector Focused
DESCRIPTION

Digital Sky Technologies (DST) is a global private investment group focused on investing in or acquiring internet software/service businesses. DST will consider opportunities in social networking and communications, e-payment solutions, online marketplaces, social games, and vertical specific websites. The Firm is willing to be a majority or minority investor and can handle investments from as little as $1 million to as much $200 million (with a typical deal size of $10 to $100 million). DST generally prefers profitable companies. DST was formed in 2005 and is based in Moscow with an additional office in London.


DEAL STATS #
Overall 1 of 9
Sector: Internet Software and Services M&A 1 of 6
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Cyprus M&A 1 of 2
Year: 2007 M&A 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-18 Free-lance.ru

Russia

Free-lance.ru is a web based service offering its users a search engine for remote jobs and project contractors. This is the biggest remote job market on the Russian Internet.

Buy -