Business Wire

CHROME-CAPITAL

Share
Alexander Savin Completes Departure From Elbrus Capital

Alexander Savin, former Senior Partner and Co-Founder of Elbrus Capital, has completed his departure from Elbrus Capital by resigning from his remaining positions at Elbrus Capital and agreeing to dispose of his shareholdings in Elbrus’s management structures and funds.

Savin will be looking to attract investors from Western Europe, the US and the Middle East when he launches a new fund in the next 12 to 18 months.

For a transitionary period, Savin will continue leading Chrome Capital, a private equity and venture capital investor in digital and consumer companies across Europe, the US and emerging markets in Asia. Savin established Chrome Capital in 2022, having ceased involvement in Elbrus’s Russian projects a year earlier. Chrome Capital is focused on investing institutional capital from top international investors in high-growth digital and consumer companies across the globe. It has no funding from Russia, nor any of its investee companies operate or otherwise have any connection to the country. The firm has already deployed substantial capital in a number of successful high-growth companies in fintech, edtech and SaaS sectors across the globe.

Alexander Savin remarked: "I am thrilled about the opportunities that lie ahead. Building on our international track record, I am confident in our ability to drive growth and create value for our investors and portfolio companies. There are many exciting opportunities out there and a new generation of innovators to support as they drive disruption and creativity; I look forward to evidencing our value-add to the most innovative founders in our target sectors.”

Alexander Savin has a long and distinguished career in Private Equity, including several years at Bain & Company’s Private Equity practice in its London and Boston offices. In 2009, he co-founded Elbrus Capital, which became one of the most successful private equity firms in the Former Soviet Union countries, where Elbrus invested global institutional capital in high growth businesses. Savin is aiming to build on his past achievements and on the early success of investments made by Chrome, to become a partner of choice for founders in technology and consumer companies in the US, Europe and emerging Asia that can transform the way we work and live.

Our collaborative approach offers entrepreneurs access to world-class expertise to help them achieve their vision” says Savin. “We are creating enduring partnerships that are greater than the sum of their parts and entrepreneurs we work with are not simply investments, they are partners, and many end up becoming our friends. Our shared passion is for developing businesses that change everyday life by coming together to scale their impact and channel innovation into solutions that drive positive change for consumers and businesses around the world.”

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240410809688/en/

About Business Wire

Business Wire
Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco

http://businesswire.com
DK

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Resilience Software Specialist Restrata Secures Growth Investment From SEP13.2.2025 01:01:00 CET | Press release

Restrata, the operational resilience software and service provider to global enterprises, including some of the world’s largest energy and industrial companies, has raised investment from Scottish Equity Partners (SEP) to meet growing market demand. The investment will support accelerated product development and AI-powered enhancements as well as expansion of existing operations in North America, Europe, and the Middle East. Increased adoption of the London-based company’s resilienceOS platform, which helps enterprise clients protect their people, assets and operations globally, saw resilienceOS revenue surge more than 50% in 2024. Enterprises are increasingly focused on people safety and operational resilience due to unprecedented levels of global uncertainty. In response, business leaders are seeking sophisticated technology to mitigate, manage, and respond to operational disruption while maintaining visibility and control over day-to-day operations. These threats range from localise

Suzano sets sales record in 2024 with new mill in Mato Grosso do Sul state and acquisition in the U.S.12.2.2025 23:31:00 CET | Press release

Suzano, the world’s largest pulp producer, announces its quarterly results for both the final quarter (4Q24) and the full year (2024). Pulp and paper sales reached a new record of 12.3 million tonnes, rising 7% on 2023, mainly driven by the additional capacity from the new pulp mill in Ribas do Rio Pardo in Mato Grosso do Sul state. Further capacity from the recent acquisition of paperboard mills in the United States has also contributed to the record sales volume. The higher sales volumes and favorable exchange rates boosting export revenues resulted in net revenues of R$47.4 billion in 2024, 19% higher than in 2023. Adjusted EBITDA grew 31%, to R$23.8 billion, while operational cash generation increased 40%, reaching R$16.2 billion. Suzano reported a net loss of R$6.7 billion due to the accounting impact of US dollar denominated debt and hedging operations translating into Brazilian Real. There is no immediate cash impact of this accounting adjustment and the potential cash effect wi

Andersen Global udvider de juridiske kompetencer i Argentina12.2.2025 18:58:00 CET | Pressemeddelelse

Andersen Global fortsætter med at udbygge tilstedeværelsen af den juridiske Latinamerika-platform gennem samarbejdsaftaler med MBP Partners og Schmukler IP, to advokatvirksomheder med base i Buenos Aires. MBP Partners, der blev stiftet i 2016 af Ignacio Meggiolaro og Victoria Bengochea, er anerkendt af Chambers , The Legal 500ogIFLR 1000 som førende leverandør af juridiske services i Latinamerika. Virksomheden rådgiver lokale og internationale kunder på områder som compliance og virksomhedsledelse. De har specialiseret sig i selskabsret og M&A-lovgivning, bankvirksomhed og kapitalmarkeder, minedrift og naturressourcer, compliance og korruptionsbekæmpelse, skatteret og udenrigshandel, fintech, hvidvaskning af penge, energi og kulbrinter, lovgivning om virksomhedsledelse og infrastruktur. Schmukler IP blev stiftet i 1947, og virksomheden har et erfarent team af fagfolk inden for industriel ejendomsret og jura. Virksomheden tilbyder omfattende services inden for intellektuel ejendomsret,

The smarter E Europe: Smart Integration Saves Cash and Stabilizes Grids12.2.2025 17:52:00 CET | Press release

‘Accelerating Integrated Energy Solutions’ - this is the motto of The smarter E Europe 2025, which will take place this year from 7 to 9 May at Messe München.Smart integration is crucial in the evolving energy and mobility sectors. Energy management systems (EMS) for prosumers and businesses have shifted from a nice-to-have to a must-have, making them a key topic at this year’s event. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212149082/en/ At The smarter E Europe 2025, visitors will find everything for the smart interaction of PV, storage, e-mobility and energy management. (Photo: Solar Promotion GmbH) GridX, a smart energy company, estimates that the European Home Energy Management System (HEMS) market will expand 11-fold by 2030 across Denmark, Germany, the UK, Italy, the Netherlands, Austria, Sweden, and Spain. This rapid growth reflects increasing demand and evolving regulations. Regulatory and market requirement

Dubai Achieves World’s Lowest Electricity Customer Minutes Lost (CML) at 0.94 Minutes Per Year, Breaking Its 2023 Record12.2.2025 17:37:00 CET | Press release

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA achieved the world’s lowest electricity Customer Minutes Lost (CML) in 2024, recording just 0.94 minutes per customer. This breaks its record of 1.06 minutes in 2023 and is significantly lower than the 15-minute average of leading European utilities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212414260/en/ HE Saeed Mohammed Al Tayer, MD & CEO of DEWA (Photo: AETOSWire) "We are guided by the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the world’s best city for quality of life. To achieve this, we continuously develop Dubai's electricity and water infrastructure through innovation, which we adopt as a key approach to managing facilities through a smart and interconnected network. This enables us to deliver

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye