Last week Russian venture fund Quadro Capital Partners (FXC-QCP VC) and online trading service provider Forex Club announced investment plans in the field of Internet trading on the international stock market. The target geography includes Russia, Ukraine, other states of the former Soviet Union, and Europe.
The total volume of investments could reach up to $200 million, a Forex Club executive told the Russian news agency Interfax, with a planned amount of investment of up to $50 million per one project. Both acquisitions with further integration into Forex Club and capital injections in independent companies are under consideration.
Forex Club co-founder Vyacheslav Taran commented: “We are currently witnessing the worst situation in terms of volatility of financial instruments in the last 35 years. Something similar only ever took place in August 1998 and April 1978. If we look at the ‘eurodollar’ volatility that is important for us, it is now the lowest since the very creation of the euro. Profitability in our business is a function of volatility. Consequently, now is one of the best moments for us to develop our business by investing in promising companies that have been forced into a crisis. While for these companies it’s a good means to survive through the crisis, and for many of them – a chance to resolve a difficult situation in a dignified manner, without violating their obligations to clients.”
Launched in December 2013 by the former top managers of Troika Capital Partners, Quadro Capital Partners focuses on payment systems, asset management, banking, financial and business services, business simulations and games, and education in business. The fund is a Retail Brands Collection (formerly known as Sun Investment Partners) co-investment company with exclusive co-investment rights of up to 50% alongside Retail Brands Collection.
Retail Brands Collection claims to be the biggest privately held non-food retail holding in the former Soviet Union investing into value consumer segments in the CIS, CEE and EU.
Forex Club was founded in 1997, providing services in the field of Internet trading across a wide range of financial instruments, including currencies, equities, metals, oil and gas stocks.
Source: Quadro Capital Partners, Interfax