Russia’s Karo Cinema Chain Gets $100M Investment For Multiplex Expansion

Moscow, December 13, 2012 – A consortium backing the Moscow based media entrepreneur Paul Heth and consisting of the lead investor Baring Vostok Private Equity, UFG Private Equity and the Russian Direct Investment Fund, announces an investment in Karo Film, one of Russia’s leading cinema chains. The consortium will acquire a controlling shareholding in the company and will additionally support a circa $100 million investment initiative to open new multiplex cinema venues under the Karo brand over the next three years.