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VTB acquires a minority equity stake in Delimobil

Moscow - June 4th, 2021

St. Petersburg, Moscow, June 4, 2021. VTB Capital has entered the growing Russian carsharing market, acquiring a $75 mil worth minority equity stake in Delimobil Holding S.A., which controls the Russian entities owning the Delimobil, Anytime and Anytime.Prime brands (the “Group”). The funds raised in this transaction by Delimobil Holding S.A. will be used by Delimobil for further development and to strengthen the Group’s position in the Russian carsharing market.

A Memorandum of Cooperation was signed at the Saint Petersburg International Economic Forum by Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board, and Vincenzo Trani, founder and president of Delimobil and MIKRO KAPITAL.

Vincenzo Trani, founder and president of Delimobil and MIKRO KAPITAL, commented: “VTB Group has supported our business through various financial products for more than two years. This investment is a major step forward in our mutually beneficial cooperation aiming to support our strategic goal to maintain and further develop our position as one of the leaders in the Russian carsharing market. Delimobil demonstrates a powerful combination of tech growth, an operating model in fleet management that pursues the highest global standards and robust financial performance. Delimobil’s brand recognition is a good sign that we meet our customers’ needs and will continue to build on this success.”

Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board, said: “VTB Capital is a major player in the private equity market, and we have already successfully invested in a number of prospective companies in Russia, actively contributing to their development and taking their growth to the next level. This is our first foray into the carsharing industry. VTB Capital sees an attractive investment opportunity, and we believe our team’s expertise will help strengthen Delimobil’s position as one of the leading players in the carsharing market across Russia.” Delimobil was established in Moscow in 2015 and was one of the pioneers in the carsharing market in Russia. In less than six years, the Group has rapidly increased its fleet through organic growth and M&A activity, expanded its geographical presence to 10 cities, and built an extensive user base. Currently, Delimobil is one of largest carsharing companies globally and is increasingly becoming one of the main mobility options for its customers, providing high-quality mobility services to the fast-growing Russian carsharing market. The Company delivers strong customer value proposition, has comprehensive operational capabilities and infrastructure and is run by an experienced management team.

Since 2019, VTB Group has been Delimobil’s partner in providing leasing financing for the expansion of its vehicle fleet. Together, VTB Group and Delimobil will continue to seek opportunities to expand their leasing business, bolstered by the strategic nature of the shareholder deal between VTB Capital and Delimobil.