Elbrus Capital Invests in Online Real Estate Classifieds Platform Cian (CEE and CIS)

Source: Elbrus Capital

Elbrus Capital, a private equity firm focused on Russia and CIS, has invested in Russia-based Cian Group, the operator of a real estate classified ads website. The deal included an acquisition of existing shares and a subscription of new shares. Cian Group plans to use the proceeds to finance regional expansion and to advance its product development. Financial details of the transaction were not disclosed.