Russian private equity seeks to ditch bad reputation

Russian private equity has made international headlines, but not always for the reasons that executives in the country would like. Perhaps the most notable PE deal to date was TPG Capital’s investment in supermarket chain Lenta, which – owing to a dispute over the retailer’s strategy and appointed managers – reportedly led to a brawl at Lenta's headquarters in 2010 and a contentious courtroom battle. However, Russian investment executives maintain there is more to the industry t…