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13.09.2010 Finam Capital completes exit from Astrostar

Astrostar.ru, Direct Group and Finam Capital announce the completion of the transaction under which Direct Group acquired 100% of LLC "Astrostar.ru, Russia's largest online provider of astrological content and services.

Astrostar was founded in 2006, Finam Capital acquired a 30% stake in the project a year later. Astrostar successfully grew to become the leader in the “infotainment” content market in Russia. This deal is the third in a row for Finam Capital this year, following the exit Alawar in February and acquisition of Banki.ru in July.

“We are satisfied with the completed transaction. Each party achieved its goals: the founders received the exit proceeds to start a new business, and Direct Group received a significant edge in a promising market. Finam Capital as a venture capital firm will reinvest proceeds from the sale of Astrostar for new equity deals in the Russian TMT sector”, said Alexey Basov, Director at Finam Capital.