VTB acquires an equity stake in Delimobil

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St. Petersburg, Moscow, June 4, 2021. VTB Capital enters the growing Russian carsharing market, acquiring a $75 mil worth equity stake, which corresponds to a minority stake of less than 10%, in Delimobil Holding SA, which controls the Russian entities that own the Delimobil, Anytime and Anytime.Prime brands. The funds raised in this transaction by Delimobil SA will be used by Delimobil for further development and to strengthen the Group’s position in the Russian carsharing market.

The Memorandum of Cooperation was signed at the Saint Petersburg Investment Economic Forum by Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board, and Vincenzo Trani, founder and president of Delimobil and MIKRO KAPITAL.

Vincenzo Trani, founder and president of Delimobil and MIKRO KAPITAL, commented: “VTB Group has supported our business through various financial products for more than two years. This investment is a major step forward in our mutually beneficial cooperation aiming to support our strategic goal to maintain and develop our position as one of the leaders in the Russian carsharing market. Delimobil demonstrates a powerful combination of tech growth story, effective operating model in fleet management pursuing the highest global standards and strong financial performance. Delimobil’s strong brand recognition is a good sign that we meet our customers’ needs and we will continue to build on this success.”

Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board, said: “VTB Capital is a major player in the private equity market, we have already successfully invested in a number of prospective companies in Russia, actively contributing to their development and taking their growth to the next level. This is our first foray into the carsharing industry. VTB Capital sees an attractive investment opportunity, and we believe our team’s expertise will help strengthen Delimobil’s position as one of the leading players in the carsharing market across Russia.”

Delimobil was initially established in Moscow in 2015 and was one of the pioneers in the carsharing market in Russia. In less than six years, the Group has rapidly increased its fleet through organic growth and M&A activity, expanded its geographical presence to 10 cities, and built an extensive user base. Currently, Delimobil is one of largest global carsharing companies and is increasingly becoming one of the main mobility options for its customers providing a high-quality mobility service in the fast-growing Russian carsharing market. The Company delivers a strong customer value proposition, operates with a comprehensive operational capability and infrastructure and is run by an experienced management team.

Since 2019, VTB Group has been Delimobil’s partner in providing leasing financing for the expansion of its vehicle fleet. The partners are continuously evaluating opportunities to increase the volume of leasing business, taking into account the strategic nature of the shareholder deal between Delimobil and VTB Capital.

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Press contact

Voxia communication
Bruno Moreno
Bruno.moreno@voxia.ch
022 591 22 81  

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JSC VTB Capital, the Investment Business of VTB Group, is one of the three strategic business arms of VTB Group along with the corporate and retail businesses. Since its foundation in 2008, VTB Capital has participated in over 800 ECM and DCM deals, which attracted more than $285bn worth of investments in Russia and CIS.

VTB Capital offers a full range of investment banking products and services to Russian and international clients, including execution of ECM and DCM deals, advisory on M&A-transactions, infrastructure project financing, fixed income and equities trading, Research and investment management.

VTB Capital has repeatedly been recognized as the best investment bank in Russia and global markets by influential international magazines, including Euromoney, EMEA Finance, Global Finance. Since 2009, the investment bank has been holding leading positions in Dealogic, Bloomberg, Thomson Reuters and Mergermarket rankings.

Delimobil is one of the largest carsharing services in Russia launched in 2015. Combining model carsharing practices of European cities and bringing industry know-how, Delimobil has become an important and integral part of the mobility infrastructure of the largest Russian cities, including Moscow, St. Petersburg, Samara, Nizhny Novgorod, Kazan, Yekaterinburg, Novosibirsk, Krasnodar and Tula. Official website https://delimobil.ru/.

Mikro KapitalFounded in 2008, Mikro Kapital Management S.A. is focused on impact finance and microfinance. Mikro Kapital operates through two Special Purpose Vehicles (SPV): Mikro Fund and Alternative. Both Luxembourg securitization funds invest in their portfolio of Micro Finance Institutions, which provide loans to small and micro businesses in Russia, Belarus and emerging countries along the Silk Road. Mikro Fund and Alternatives raise financial resources from European Institutional and Private Investors through the issuance of short and medium-term debt securities. (Total assets 838 million euros at 31.12.2020). Mikro Kapital is part of the European Microfinance Network (EMN) and benefits from partnerships with the European Bank for Reconstruction and Development (EBRD), Luxflag, the Italian National Microcredit Institute (ENM), as well as collaborations with major international investors such as the European Investment Fund.

About the author

Bruno Moreno Junior PR Consultant à Genève