T-Technologies gains control of Catalytic People, owner of entrepreneur service Tochka
MOSCOW. May 22 (Interfax) - IPJSC T-Technologies has gained control of Catalytic People IPLLC, whose assets include a 64% stake in JSC Tochka, the group said.
T-Technologies initially invested in Catalytic People as part of the Rosbank integration deal, and increased its stake in the company to 50.01% in Q2 2025, from which point it will be consolidated in the group's financial statements, it said.
A joint venture has been established based on Catalytic People, Interros said. The controlling stake is held by T-Technologies, while 49.99% remains with Interros, the holding said.
The charter capital of Catalytic People increased sharply in mid-May from 2.9 million rubles to 149.9 billion rubles.
"Existing investments as well as financing raised for potential projects with similar synergistic potential have been contributed to Catalytic's capital," T-Technologies said.
"The funds will be used for future investment in innovative and high-tech projects," Interros said.
One of Catalytic People's key assets is the digital business bank Tochka, in which the company holds a 64% stake. Other shareholders of the bank include VK and 1C, Interros said. "At the same time, no single shareholder holds a controlling stake in Tochka's capital, as was the case before," the holding said.
Tochka is expected to continue developing as an independent business under its current management team.
"No structural changes are anticipated at Tochka. The company maintains operational independence and will continue implementing its own strategy. None of Tochka's shareholders holds a controlling stake. With the new investor, Tochka will strengthen its position in the banking market. Strategic partnerships with technology leaders - 1C, VK, T-Technologies and other companies - enable Tochka to offer entrepreneurs high-quality, in-demand products for business development," the head of Tochka bank Andrei Zavadskikh said.
T-Technologies and Tochka are expected to continue joint projects in SME customer service.
"Tochka's partnership with the companies of the Interros ecosystem through Catalytic People, in particular collaboration with T-Technologies, will unlock the potential for synergy in SME customer service. The partnership with T-Bank is already being implemented through T-Bank loan issuance via Tochka's credit platform," Interros said.
The main shareholder of T-Technologies is Vladimir Potanin's Interros, which owns 41.4% of the holding following the integration deal with Rosbank .
A consortium of investors led by Interros acquired 90.01% of Tochka in summer 2023 at auctions organized by Trust Bank for 41.5 billion rubles, consolidating 100% ownership. Previously, the consortium controlled 9.99% of Tochka shares through Catalytic People.
Tochka is a digital bank providing comprehensive financial and non-financial services for entrepreneurs and businesses. The bank operates under its own universal license. The deal between Trust Bank and the investor consortium included JSC Tochka and all subsidiaries, including Tochka Bank.
T-Technologies does not plan to consolidate Tochka, and a merger will not be on the agenda in the coming years, the group's CFO Ilya Pisemsky said on a conference call.
"As for Tochka, it has a great business that is developing on its own. Generally speaking, when Rosbank was the owner of Tochka, it did not exercise any day-to-day control, over operational activities, over decision-making, and we we are going to follow the same policy. People can think perfectly well for themselves and we do not plan to consolidate this in the near future, not on a visible horizon. This is not under discussion," Pisemsky said.
He said T-Technologies saw synergy in the Catalytic People deal through the provision of services. "We might have some other joint collaborations. In general, the guys there are very creative, we will see, but there's no question of a merger in the coming years," Pisemsky said.
He said the group did not have to invest any additional funds as part of the deal.
"We are not spending any extra capital on this right now. Now it is simply time to disclose our participation in Catalytic People, simply because we now own a controlling stake. Before this, our stake was non-controlling," he said.
He said deal did not affect the group's liquidity or capital.
Pisemsky said new M&A deals might be possible going forward in the framework of participation in Catalytic People.
"As for what Catalytic People is going to do, we are looking at our country's tech industry but naturally there are things I cannot disclose here," he said.
