The Horizon Foundation, backed by the heirs of Mikhail Kenin
The Horizon Foundation, backed by the heirs of Mikhail Kenin, co-founder of the band 'Samolyot' who died in 2025, sold an 18% stake in a developer to the Kazakh fund Fonte Inceptia Alpha Fund managed by Fonte Capital, according to Kommersant.
Consensus
- The heirs of Mikhail Kениn, through the 'Gorizont' fund, sold 18% of their shares in 'Samolét'.
- The buyer is Fonte Inceptia Alpha Fund OEIC Limited registered in the International Financial Center 'Astana'.
- The transaction took place on August 10.
- The company is a major Russian real estate developer with significant construction volume.
- The stock price of 'Samolét' increased after the announcement of the deal.
- Fonte Capital is the managing company of the fund that acquired the shares.
Points of divergence
- The sale is nearly complete, with the heirs' stake reduced to approximately 1.68% after previous sales in May and June. — thebell
- Analysts suggest the sale was motivated by asset diversification and potential financial difficulties at 'Samolét'. — thebell
- Fonte Capital has no prior experience in real estate or development investment. — thebell
- The share sale was 17.58%, not 18%. — vedomosti
- The stock price rose by 13.1% to 419.6 rubles per share. — kommersant
- The deal was described as a strategic move to expand the fund's exposure to real estate. — interfax
Coverage (6 sources)
- Heirs of the founder of «Samolot» almost completely exited the developer, selling 18% to a Kazakh fund — The Bell
- Shares of "Samolot" rose by 11.4% after news about shareholders — Ведомости
- Kazakh fund became a major shareholder of SAMOLET LLC — Ведомости
- Shares of "Samolot" rose by more than 13% on news of a deal with a Kazakh fund — Коммерсантъ
- Structure of Fonte Capital from Kazakhstan bought 18% of shares of 'Samolot' — Коммерсантъ
- Structure of Fonte Capital from Kazakhstan acquired 18% of shares of "Samolot" from Kena's heirs — Интерфакс
Key entities
- Aircraft
- Kazakhstan
- Fonte Capital
- Fonte Inceptia Alpha Fund OEIC Limited
- Mikhail Kenin
- GK «Samolét»
- Horizon Fund
- Astana
- Horizonte
- Fonte Capital Ltd
- Moscow
- Commerzant
- Moscow Exchange
- Moscow Exchange
- SAMOLET Joint Stock Company