The mysterious billionaire of "Summa Capital»

Closed the deal in late January, which led to a change of private property owners in the Novorossiysk Commercial Sea Port, forcing buyers to look closely at. If the state of "Transneft" Much is known, then the group of companies "Total Capital", appearing in the public space of a few years ago, it is surprising rapid growth and a source of capital. How many Russian businessmen can pay for the second-largest port in Europe cash? Interests of the "Summa Capital" is based in the port and oil handling logistics, nonferrous metal and gas production, telecommunications and construction. K presented as the ultimate owner of Ziyavudinu Magomedov immediately stuck the label of "mysterious billionaire." Although it is estimated that the state of the Dagestani businessman last year was "only" $ 0.8 billion this year, "F." evaluates its already at $ 3 billion triumvirate of interests. Ownership Structure, "Capital Amount" just was not disclosed. There is a version that the chairman of the Board of Directors Investment Group (IG), "Total Capital" Ziyavudin Magomedov not only its shareholders, although formally it also means the principal owner, which should be of some available documents. "Together with a group of Magomedov Ziyavudinom manages his older brother, Mohammed, and some positions have Israeli businessman David Kaplan - says a source familiar with the situation. Magomed Magomedov on - before the senator from the Smolensk region, and now adviser to the chairman Sergei Mironov SF - political issues. David Kaplan - formerly a citizen of Lithuania, he is regarded as the ex-owner of the largest Lithuanian bank Snoras. It is up to 70 projects around the world in building and refining, which operates on the internet and Skype, says the source. Israeli (though more often in Russia) provides financial and international support. However, in the most "Summa Capital" highlight that David Kaplan has never been a shareholder in the group. The roots of wealth. There are several assumptions about the history of the origin of the initial capital. One version says that before he left politics business worked Magomed Magomedov (bank), and then handed over management of the family's younger brother Ziyavudinu capital. The official version: up to 2006 in the port of Primorsk worked two terminals for transshipment of crude oil. Both were and are the property of "Spetsmornefteport Primorsk" (founders' Baltnefteprovod "and" Verhnevolzhsknefteprovod "- the structure of" Transneft "). The company "sum" - "Trans-Fleet" - has commissioned two more berths (№ 3 and № 4) a $ 140 million is allowed to transship via Primorsk 60 million tons of oil per year, which was provided by the state program to increase capacity of the Baltic Pipeline System (BPS). The construction was carried on loans, including the Savings Bank. Thus, of the four berths in the Primorsk oil owned by two entities of "Transneft", and two more - the "Trans-Fleet". To realize such a project, as some media, Magomedov managed by a close acquaintance with Semyon Vainshtok. As a result, earnings in Primorsk money was used to purchase various assets that are now part of the GC "Total Capital". However, nefteperevalka still gives the highest return and is considered a priority business of the group. The second wave. "Okolokriminalnye stories sound without exception around any major Russian businessman - in varying degrees, they all went through the millstones of the 1990s, but the power is another question: how well this person can do something here and now, - says leading expert Center for Current Politics Dmitry Abzalov. - So I think that the business Magomedovs brothers formed not only with the use of the resource Semen Weinstock, they are very powerful and extensive positions in federal agencies. " Magomed Magomedov Ziyavudin and in collaboration with David Kaplan - representatives of the second wave of legalization of hidden capital. Those who are now called oligarchs who emerged during the privatization of the 1990s. But in the last few years, the trend is gaining strength again. His secret empire in the public space deduce those who have made capital, taking advantage of proximity to power. In addition to the "Capital Amount" out of the shadows came a Finnish citizen Gennady Timchenko (№ 17, $ 8.9 billion) - co-owner of a large Dutch oil trader Gunvor, selling Russian oil, as well as piterets Yury Kovalchuk (№ 115, $ 0.97 billion) with the bank " Russia ". Official opinion, voiced by "The sum of the Capital", amounts to an evolutionary scenario: the group began to seek publicity, because in the process of development and consolidation of results of operations are increasingly the news of regional and federal level. That's right, but not less strong aspiration to reinsure political risks, says Dmitry Abzalov: "We do not know how the rest of the immediate situation, who is in power, so now, amid the political turbulence in the country, entrepreneurs are trying their hidden political and administrative resource to capitalize in the economic. " How does the resource. "Total Capital", getting main income from its port projects and transfer of oil, followed by the state looking for ways to get off the oil needle. So far, however, not very successfully. Enough to list a few exclusive projects inherited by the group to understand - the administrative and hardware weight "Amount" is really great. The assumption that all this coincidence can only be done by great simplicity. The first of such achievements was the acquisition of "Summa Telecom" without competition in the frequency ranges of 2.5-2.7 GHz for the provision of services to wireless WiMax technology in 2006, the territory of Russia. However, while this technology did not develop, but with the advent of LTE may well not be a deadlock. In 2007, the company unexpectedly won the competition for GSM-frequencies, becoming the owner of 13 licenses in 11 regions of the Urals and the Far East. While such a powerful player as "VimpelCom", provided all three licenses in the Far East. Another group company - engineering "Globalelektroservis" - won the competition intricate order of the "Inter RAO" to build "turnkey" power unit № 3 of the Sochi thermal power station. This case combines the previous "youth" of the winners - in the experimental structures have won just brought out to the market's Daughter "Amounts Capital." In the summer of 2009 the group acquired control of the contractor of reconstruction of the Bolshoi Theater - "SUIProekt." Apart from the fact that her daughter "Inteks" (until recently, its chairman was David Kaplan. - "F.") put in your portfolio superznakovy project is large and the value of the contract. Experts believe that the "Amount" helped make the deal, pushing through resistance Luzhkov team, from the Kremlin itself - not by chance that a commission headed by the Bolshoi reconstruction Deputy Head of Presidential Administration Alexander fluently. The contract for the construction of a stadium in Kazan Universiade 2013 worth 5.3 billion rubles and got the "Amount". Although the preliminary results of the contest in November 2009, the winner was listed structure TAIF - JI "Kazan". But in May 2010 it was announced that the company was in Kazan tender in a consortium with "Inteksom" and the American architectural firm Populous (formerly - HOK Sport Venue Event). And now it was my daughter, "Amounts" is the main contractor of the project. Naturally, close cooperation with the "Transneft" helps to get good contracts. Not without VSTO, where contracts received "Stroynovatsiya." Moreover, and Nikolai Tokarev, who replaced as head of "Transneft" Semen Weinstock. The document Chamber of abuse in state-owned company said that back in 2008 with "Stroynovatsiey" was awarded the contract for the construction of pumping station number 8, which still could not finish the "Krasnodarstroytransgaz." Then the company got the contract for a tasty and 514 km pipeline at a price of 28.8 million rubles / km, which must pass by September 15, 2012. And finally, the grand prize in the form of Novorossiysk Commercial Sea Port (NCSP) also received the "Total Capital" with "Transneft". Transactions of this level in any country, not only in Russia, are not without patronage, and even direct government involvement. And confirmed that Vladimir Putin in October at the forum "VTB Capital" talked about the positive effect of the upcoming public appearance of "Transneft" in the capital of the NCSP. The activity of "Capital Amount" is not limited to these projects. For example, in construction and engineering companies in the group are involved: a joint project of Ministry of Emergency Situations and Ministry of Interior - O-KSION (integrated video monitoring system of key facilities, streets and cities, as well as informing residents about possible threats) in the reconstruction of the National Library in St. Petersburg and monument to the first half of the XIX century houses, SA Khomyakov in Mos-KBE, in the construction site the Baltic Pipeline System, in the construction of a substation, "North" PS220 kV in Lipetsk, etc. According to the press service of the "Summa Capital", "Globalelektroservis" has received a license to construct and operate nuclear power plants, so that in future it will be attracted to projects of "Rosatom". All of the "sum" in the end, it is estimated that in 2010 reached a total turnover of $ 1.8 billion, of course, the financial results and other economies were not disclosed. But the strategy can be traced a clear pattern: the rapidly developing high-margin areas, and are able to return quickly. Thus, an investment banker Muhammad Galayev, called at the beginning of the publicity from Goldman Sachs for President "Capital Amount", stated: expected rate of return on capital is a group of 3-5 years must be over 30%. This level of requests is typical private equity investments. Those areas that require serious and long-term investments, and the prospects are remote in time, appear on the periphery of the current business interests. This happened with Telecom ("Total Telecom", "Media Unit", "Total TV") and production of non-ferrous metals (the first mining company, "Siberian non-ferrous metals"). Telecom has not passed. Acquisition of frequency resources, "Total Telecom" did not take advantage. For a company they were venture projects, which are not fired. In spring 2008, eventually WiMax-SCR frequency the company has quietly selected and decided to hold contests on the distribution of gosresursa. Proceeding with the GSM-licenses held by the courts. In October 2010, SCR has decided to withdraw the license. Perhaps, after the resignation of Leonid Reiman, "Sum" and could not find the administrative support in a market where private capital is strong. "They poked WiMAH, and the place occupied by MTS, Comstar UTS, as well as" Scartel "(promoting the brand Yota), for which there are people from the" Russian Technologies "with its administrative resources and lobby - says independent political analyst Mikhail Fadeev. - Not everyone understands that this business is not so attractive in terms of rapid margin. " Direction of exploration and mining operations, it seems, is open to question. In the first mining company (PGC, it Ziyavudin Magomedov directly owns 79.6% shares), the fall of 2010 ended license to use subsoil for geological exploration in the New Earth. By law, opening the company can explore and develop the largest Pavlovskoe lead-zinc deposit in the general outlook of the ore field of lead and zinc at 21.4 million tons. But without the permission of the Ministry of Defense can not continue, as the New Earth - the territory of the nuclear test site in Russia. Under the direction of PGA and is now a 20-year license to use subsoil for the Sardana deposit in Yakutia, with reserves of 0.6 million tons of lead, zinc - 1.9 million tons. Meanwhile, in the history of the "Capital Amount" is an example of when the group changed its principles. In 2007 the brothers owned Magomedov "Slavia" purchased a 75% +1 share "Yakutgazproma" - the sole supplier of gas in the central part of Yakutia. Then a cunning scheme was used, which does not seem unraveled so far. In any case, legal proceedings with respect to shares of "Yakutgazproma" is still going on. A Sergei Vybornov, leaving as head of "Alrosa" in the summer of 2009, remarked, when buying diamond giant "Sakhaneftegaz", "mysteriously floated" Yakutgazprom. '" Obviously, in the acquisition of an asset "Amount" has invested a lot of effort. But at a local player is hanging too many social obligations, and he was not able to bring you a great income. The owners of the group and did not intend to build "Yakutgazprom" in financial flows, they would immediately sell the company. Among the possible buyers including meant and "Gazprom". But again failed, and "Yakutgazprom" remained an asset "Amounts." Press office said: "Given that the" Amount Capital "socially responsible business is a priority in development strategies, it was decided the asset as of" Yakutgazprom ", not to sell, and work to increase its capitalization." In the end, it is possible that this project, laden with social obligations, the easiest way to convert a hardware resource and make a business card business. The Pearl Group. Potential financial losses associated with the "Yakutgazpromom" and other relative failures, will be easily compensated in the future with the help of the largest in Russian history with-d-tree with the port assets. "Alliance" Transneft "and" Capital Amount "has acquired 50.1 percent of" private "actions NCSP, who in turn bought the Maritime Port, in fact, will control 70% of Russia's oil traffic in the direction of Western Europe, - says Dmitry Abzalov. - In view of the ongoing modernization of the CPC and the BPS flow of energy has increased. " Transshipment of oil through the port of Primorsk - the most profitable direction "Amounts Capital." In the m-art in 2006 belonging to the group "Trans-Fleet" purchased from the Government of the Leningrad region, 74% of "Commercial Sea port of Primorsk," at a nominal price of 2 million rubles. "The port did not bring nothing but loss" - so motivated sales representatives in the fields of L-enoblasti. Two years later, "Trans-Fleet" acquiring the 18.5% "ICC Primorsk" - more than 4.59 million rubles. Previously, the "Trans-Fleet" acquired "Petrotrans Primorsk", which has a long-term lease 104 ha in the port area. Later, in a cage "Amounts" came stevedore "Maritime Trade Port." Now through the facilities of handling up to 75 million tons of oil a year, and in 2010 began shipping products - 7 million tons. To some extent the owners of "capital sums" required financial results of the port to its long-time partner - "Transneft". Because of Primorsk - this is the ultimate point of BPS, the construction of which was conducted in 1990 by an investment component in the tariff for pumping oil through the pipeline system of state-owned companies. What happened in Novorossiysk? Of course, the government without the approval of representing the interests of the state, who owns 20% of NCSP, a purchase could not take place. This means that the consent and assistance of the Government side were amazing and under the structure of the transaction. The acquisition of the NCSP, which actually has a monopoly in the market of oil exports to European destinations, has been challenging and accomplished in two moves. First, the NCSP has acquired 100% stake in LLC "Maritime Trade Port" for $ 2.15 billion alliance then "Transneft" and "Capital Amount" has acquired a stake in an offshore Kadina Ltd, which holds 50.1% stake in the NCSP. It turns out that the Alliance has invested a minimum of their funds. A beneficiary Kadina - Alexander Ponomarenko, Alexander Skorobogatko and Arkady Rotenberg - shared $ 2.5 billion "In the end, all the participants got out of the deal in cash, except for the purchase of the object - indicates research company CEO Alexei Infranews Bezborodov. - At the port of Novorossiysk left debts of $ 1.95 billion in the form of loans of the Savings Bank. " In essence, the State of profitable development lending. But such a price? Of course, NCSP quite pull credit, and even the simultaneous payment of dividends to the new owners. However, the development is unlikely to leave enough money. "In general, the situation is ugly, but still legally - says Alexei Bezborodov. - The port will be financially sustainable if the grain exports will resume and if nothing happens with the oil. In addition, the NCSP will increase cash flow through Primorsk. So that revenue for the year can be expected under the $ 1 billion, thus representing an EBITDA margin will be at 30%. When such income is theoretically possible to repay the loan in 7-8 years. " Climbing vertically. In general, the brothers Magomedov responsibly approached the issue of accumulation of not only financial, but political and administrative capital. For example, Ziyavudin Magomedov not avoid social burden to which the business is always the highest state officials urge. In 2007, businessman entered the board of trustees of the Bolshoi Theatre. Then became a partner in a non-profit charitable organization "The Russian Olympians Foundation". In autumn 2010, Magomedov Ziyavudin board of trustees headed by the Russian Tennis Federation. One of the priorities of the federation in the near future will be completion of the complex of the National Tennis Centre Russian area of ​​14 sq m. It makes little sense to doubt, who will be selected by the contractor. Earlier Ziyavudin Magomedov ostensibly sought to lead the Russian Chess Federation (RCF), but the press service of "Capital Amount" strongly denies this episode, yes, it put forward, but he did not want and can not because of lack of time. By the way, some of those witnesses campaign events regret nesluchivshemsya - representative of the head "Capital Amount" has demonstrated the most sane and financial support program for the development of chess in the country. We feel confident to say that a person "Amounts Capital" - Ziyavudin Magomedov - formally adopted by the cohort of the most important people in Russia. In March 2010, the head of the presidential decree "sum" was awarded the Order of Friendship. And - the top growth of a businessman at the moment - along with Oleg Deripaska and Andrei Kostin was appointed order of the representative of Russia Dmitry Medvedev, the business advisory council of the APEC Forum in 2010-2012. This position will not be superfluous in international transactions. In general, for any errors eyes closed. However, the Kremlin quickly replays everything a person, clothed trust, did not confirm expectations.