Successful Management of Kurumoch Transaction Puts iDeals™ Solutions on the Transport Sector map
March 26, 2012
MOSCOW – iDeals™ Solutions has successfully completed its mandate as the online virtual data room provider for Kurumoch International Airport’s competitive investor selection process. Kurumoch International (KIA) is the main air transport hub of Samara Oblast, Russia located approximately 35 km (22 mi) north of the city. It is one of the largest airports in the central Volga region, handling around 1.5 million passengers and 5,000 metric tonnes of cargo annually.
The investor selection process used iDeals™ Virtual Data Room as a platform to solicit and accept proposals from six potential investors. iDeals™’ locally based servers and live 24/7 customer service department allowed the deal advisors to securely share approximately 5 GB of sensitive information over a period of three months. Advisors involved with the process used iDeals™ integrated audit and Q&A capabilities to adhere to local regulatory statutes during the highly competitive process.
Anna Volfman, the iDeals™ account manager for the project, has witnessed iDeals™ steadily become the platform of choice for high-profile Russian investment projects. “In 2010/2011 iDeals™ was already considered to be the leading VDR provider for CIS-based natural resources, energy and utilities projects. Now, with the successful completion of the KIA investment project, we have staked an important claim in the region’s transport and infrastructure space as well”.
Koltsovo-Invest, part of the Renova Group, one of Russia’s largest private business groups and a major investor in infrastructure was the successful bidder in the investment selection process. Koltsovo-Invest will invest a reported rubles 12.3bn (approximately $400m) in and around KIA as part of the agreement .
iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.
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