Open Capital in Acquisition of a Minority Stake in

July 1, 2011

Cleary Gottlieb represented Open Capital, a private equity group focussed on investments in Russia and the CIS, in making its first investment: the acquisition of a minority stake in, a Russian social business network launched in 2008, which currently has two million registered users. The reported purchase price was $2.5 million, and the deal closed in June.