Intel Capital Expands in Russia with New Investment Director
Intel Capital, Intel Corporation’s global investment and M&A organization, has announced the appointment of Kirill Cehoval as Director for Russia and CIS.
Kirill Cehoval will work alongside Maxim Krasnykh, Intel Capital Director for Russia and CIS, to source new investment opportunities and manage portfolios in the region.
Before joining Intel, Kirill served as Vice-President at Altera Capital, a $500 million multi-strategy fund covering TMT and consumer sectors across various asset classes. Prior to Altera, he worked at Alfa Capital Partners, a $700 million private equity fund investing in mid-cap companies in Russia and CIS. He began his career in the Investment Banking Division of Credit Suisse in New York, advising multinational and Russian companies on a variety of M&A and capital markets transactions, representing over $2 billion in value.
“Intel Capital has a strong record in Russia and a growing reputation. We see it as a market with vast potential and we are strengthening our team with dynamic professionals like Kirill,” said Marcin Hejka, vice president of Intel Capital, managing director for Eastern Europe, Middle East, Africa and Russia. “Kirill combines private equity and corporate finance skills with an extensive knowledge of the Russian telecommunications industry, media market and consumer industries. We hope his appointment will expand Intel Capital’s support of entrepreneurship and investment in the region.”
“Intel Capital is one of the leading strategic investors in the world and I am excited to join the organization,” said Kirill Cehoval. “Technology is one of the most attractive and fastest growing sectors of the economy in this part of the world. Russian entrepreneurs have a competitive advantage in computer science, which in many cases makes their technologies and products successful not only at home, but also globally. I look forward to expanding Intel Capital’s reach in the region and helping companies live up to their potential.”
Intel Capital started investing in Russia in 2000 and its current investment portfolio includes companies such as Eruditor Group, KupiVIP.com, Mango Telecom, OZON and Parallels. Intel Capital in Russia and CIS is represented by Marcin Hejka, vice president and managing director, Maxim Krasnykh and Kirill Cehoval, investment directors. Intel Capital’s focus in the region includes mobility, datacenter, cloud infrastructure and services, new devices and wearable technologies, consumer Internet, and Internet of Things.
About Intel Capital
Intel Capital, Intel’s global investment and M&A fund, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,366 companies in 55 countries. In that timeframe, 207 portfolio companies have gone public on various exchanges around the world and 353 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America.
SOURCE: Intel Capital