Prometheus Capital Partners
Prometheus Capital Partners is a Moscow-based private equity fund investing both its own and third-party capital in Russian and CIS companies.
The group is led by Levan Vasadze, a highly experienced executive with a long history of creating 50+% returns on capital in Russia and the CIS. As First Vice President of the conglomerate Sistema Corporation, Levan was in charge of corporate strategy and development; led the sourcing, review and execution of new acquisitions; and served on the boards of numerous subsidiary companies. During his tenure he oversaw no less than five successful IPOs of various businesses, including the 2005 London Stock Exchange IPO of Sistema itself - the largest ever Russian IPO at the time.
Over the six years that Levan was Chairman and later CEO of Sistema's insurance subsidiary, Rosno, the company's value grew from $45m to $1.5 billion (72% IRR) based on arms-length transactions with Allianz AG.