RDIF Invests in IPO of Russia’s MD Medical Group (CEE and CIS)

Source: Russian Direct Investment Fund, Reuters

The Russian government’s equity investment fund, Russian Direct Investment Fund (RDIF), has announced the investment of US$50 million, along with global asset manager BlackRock, Russia-focused private equity firm Russia Partners, a wholly owned subsidiary of Siguler Guff & Company, and other institutional investors in MD Medical Group (MDMG), a Russian healthcare provider, as part of its IPO on the London Stock Exchange.  MD Medical Group, which specializes in providing healthcare services to women and children, will reportedly raise up to US$311 million through the IPO if the over-allotment portion is sold in addition to the main offering.