Acquiring a stake in PJSC "GK "Samoliet", one of Russia's largest…
Acquiring a stake in PJSC "GK "Samoliet", one of Russia's largest developers, will expand the fund's exposure to the real estate sector. "Samoliet" Group is one of Russia's largest construction companies.
Consensus
- Fonte Inceptia Alpha Fund acquired 18% of ordinary voting shares in the Russian developer 'Samolot'.
- The shares were sold by the Horizon Fund, which was controlled by heirs of co-founder Mikhail Kenin.
- Mikhail Kenin died in 2025.
- The Horizon Fund previously held 29.12% of 'Samolot' shares.
- After the transaction, the Horizon Fund's stake in 'Samolot' decreased to 1.68%.
- The developer Group Companies 'Samolot' is one of the largest real estate developers in Russia.
- In February 2026, 'Samolot' requested 50 billion rubles in government support.
Points of divergence
- The acquisition was made by Private Investment Company Fonte Inceptia Alpha FundOEIC Limited, which is managed by Fonte Capital Ltd. — vesti
- The transaction was valued at 4.2 billion rubles based on the company's market capitalization of 23.4 billion rubles on August 10. — kommersant
- The acquisition allows the fund to expand its exposure in the real estate sector. — vesti
- The heirs of Mikhail Kenin likely aim to diversify assets or exit the business, possibly due to financial difficulties at 'Samolot'. — kommersant
Coverage (2 sources)
- Kazakh structure Fonte Capital received 18% of shares of LLC "Samoliet" — Вести
- The «Plane» deal and Fonte Capital structure were valued at 4.2 billion rubles — Коммерсантъ
Key entities
- Fonte Capital
- Aircraft
- SAMOLET Joint Stock Company
- Fonte Inceptia Alpha Fund
- Private Investment Company Fonte Inceptia Alpha Fund OE IC Limited
- U
- Moscow Exchange
- Horizonte
- Fonte Capital Ltd
- Mikhail Kenin
- JSC "Samolot" Moscow