DLA Piper has advised Busfor, an online travel ticket vendor operating in Russia, Ukraine, Poland and Thailand, on securing an investment by Baring Vostok and Elbrus Capital, two Russian private equity funds. The investment, valued at $20 million, will be used to realise the firm's expansion plans into the Belarus and Kazakhstan markets.

The project was led by Corporate partner and Chair of the  Emerging Growth Companies & Venture Capital practice in the CIS, Leo Batalov, from DLA Piper's Moscow office. Commenting on the transaction, he said:  "This is a trend-setting transaction in the Russian venture market.  We are proud to have been Busfor's legal adviser since incorporation, and to be part of this important transaction in the life of the company."

DLA Piper is a market leader in emerging growth and venture capital, with 200 lawyers in the US and 400 around the world who specifically serve entrepreneurs, technology companies and venture funds by focusing on private equity and venture capital transactions. We are the only internationally ranked emerging companies law firm offering a full suite of services in Russia.