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Blagosostoyanie and Home Credit BV use iDeals™ VDR for OJSC PPF Insurance deal

April 11, 2014

All parties and consultants used iDeals™ Virtual Data Room platform to securely exchange deal-related documents during Blagosostoyanie’s recent purchase of Home Credit BV’s (Netherlands) Russia-based OJSC PPF Insurance (formerly Region). Blagosostoyanie, one of Russia’s largest non-state pension funds, acquired 100% of OJSC PPF Insurance.

OJSC PPF was one of three assets owned by Home Credit BV. The other two are HCF-Bank in Russia and PPF Insurance in Czech Republic. Home Credit BV’s decision to sell the company was a result of the further reorganization of PPF’s insurance business.

According to Expert RA Deputy General Director Paul Samiev, Blagosostoyanie bought OJSC PPF with the aim of acquiring its licenses. Although not announced, it is unlikely the transaction value exceeded $2 million

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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