Russia- and CIS-focused private equity firm Baring Vostok Capital Partners has sold its stake in Russia-based cinema chain Karo to UFG Private Equity, the buyout and growth capital arm of Russia-based alternative investment group UFG Asset Management. Both Baring Vostok and UFG were part of a consortium of investors that took control of Karo in 2012. Financial details of the most recent transaction were not disclosed.