Mergers.ru reports on a $3.45 million bridge financing deal finalized by OSA Hybrid Platform
Mergers.ru, the Internet portal, dedicated to mergers and acquisitions in Russia, reported that OSA Hybrid Platform attracted $3.45 million in funding in 2019. The article quotes the Newsletter for Partners released by OSA on February 28, 2020, where we confirmed that the deal was finalized by the end of 2019, and that it served to support the main investment round managed by DaVinci Capital, the deal participants were OKS Group, the investment group focusing on technology solutions enhancing large-scale ecosystems and industries, including retail, along with several private investors, including the co-owner of Mono Group (Latvia) which, among other assets, owns and operates Mego stores, and top managers of Russia’s largest retail chains, and gave a list of our partners in the said financing deal: strategic coordinator of bridge financing – DaVinci Capital, сompany advisor – Magister Capital, legal advisor – Eterna Law.
The Mergers.ru article went on to inform that, as part of this investment round, OSA’s Board of Directors was strengthened with new members - Alexei Petrov, Managing Partner at DaVinci Capital, Mikhail Voschinsky, Independent Director and Board Member of Dentsu Aegis Network Russia and Partner at OKS Group, and Don Swann, former COO and VP of Walmart, who had recently retired following a 50-year career at the company, and that OSA Advisory Board also acquired a new distinguished member - Tim Hanley, who up until recently led the Global Industry Practice at Deloitte USA.
Finally, the article gave a brief overview of OSA Hybrid Platform, saying that in 2019, after six successful pilot projects in 2016-2018, OSA Hybrid Platform rolled out in all 2 570 Dixy retail chain stores across Russia and in all Magnit retail chain stores in Moscow and Moscow region, and that the platform is also being actively used by some of the largest consumer goods manufacturers with more than 10 signed and renewed contracts with companies such as PepsiCo, Unilever, Mars, Mondelez, ASG, Borjomi and others.