Korelsky Ischuk Astafiev has advised founders Philip Ilyin-Adaev, Kirill Ilin-Adaev, and Elena Ishcheeva, on the sale of their stakes in Banki.ru to Elbrus Capital and another unspecified investment fund. Dentons advised the buyer on the deal.
Financial details of the transaction were not disclosed.
According to KIAP, “prior to the sale, 60% of the business belonged to the founders and Another 40% of to the Russia Partners fund."
KIAP describes Banki.ru as "an independent financial portal ... which includes a financial supermarket, an information agency, analytical and rating centers, thematic forums, and interactive services.” According to the firm, “the monthly audience of Banki.ru exceeds eight million unique users. The portal was founded in 2005.”
KIAP’s team consisted of Partner Anton Samokhvalov and Senior Lawyers Ekaterina Spakhova and Roman Suslov.
The Dentons team included Partners Richard Cowie, Chris Watkinson, Christopher Rose, Lawyer Mark Dransfield, and Associate Maria Suloeva.
KIAP did not respond to an inquiry about the deal.