Skip to content

Sanctioned Russians Cast $3 Billion Shadow Over PE Firm

  • Oligarch Mikhail Fridman’s LetterOne is firm’s biggest backer
  • Pamplona says it’s redeeming LetterOne’s partnership interests
Video player cover image
Russian Oligarchs Begin to Feel the Pressure
Updated on

When Pamplona Capital Management invested in Parexel, a company that conducted clinical trials for developers of Covid-19 treatments, Russian money greased the purchase. 

When the London-based private equity firm announced its decision to buy Danish tech distributor EET Group and U.S. garden-products company BFG Supply, Russian money was behind those deals, too.