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Troika Capital Partners to invest $12m in Gameland

Troika Capital Partners invest fund was hired by Gameland publishing house on Sept, 2006 to seek $12m investment. This week Troika announces it's acquiring a share itself, its anonymous employee said to Kommersant.ru on Monday. Troika's Partner Valery Doronin admitted they are regarding the deal, without disclosing its amount and terms.

Gamelands major shareholder and CEO Dmitry Agarunov sold 20% share to Mint Capital for $2m in 2004. The investment they seek now would be directed to cable TV launch, opening new magazines and Gameland's regional expansion.

Kommersant's source close with Mint Capital supposed Troika might be acquiring the share for third party's interests. Experts estimate Gameland for $30m (with $15m turnover in 2006), therefore $12m amount to 40% share.

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