CapMan Russia sells Tascom
(Thomson Reuters ONE) -
CapMan Plc Press Release - 11 June 2012 at 1:00 p.m. EET
CapMan Russia sells Tascom
The Norum II Fund (2003), a fund advised by CapMan Russia, has, in co-operation
with other owners, completed a transaction to sell 100% of Tascom CJSC, a
telecommunications service provider, to Moscow City Telephone Network OJSC
(MGTS), a subsidiary of Mobile TeleSystems OJSC ("MTS" - NYSE: MBT), the leading
telecommunications provider in Russia and the CIS. The Norum II Fund made its
initial investment in Tascom through Bester Investments in 2004. A complete exit
of Bester Investments will result in a final exit of the Norum II Fund. The
transaction has no impact on CapMan Group's results.
The Norum II Fund made its initial investment in Tascom in 2004. Tascom provides
a wide range of telecommunication services to corporate clients, including
virtual private networks (VPNs), local and long distance calling, broadband
Internet, and Wi-Fi access.
"Tascom has proven to be an excellent investment for the Norum II Fund. The
approximately 10x growth in Tascom revenues during our holding period are a
testament to the experience and value creation capabilities of the CapMan Russia
team. When the proceeds from the Tascom sale are distributed, the Norum II Fund
will have generated returns in excess of 4.5x gross." says Hans Christian Dall
Nygård, Head of CapMan Russia.
The Norum II Fund will be fully exited when it sells its stake in Gars Telecom,
the only remaining asset of Bester Investments. Bester Investments is jointly
owned by the Norum II fund, the European Bank for Reconstruction and Development
(EBRD), whose investment is advised by CapMan, and Quadriga Capital Russia, who
became a shareholder in 2007 as a result of a second round of financing, in
addition to other institutional and private investors.
For further information, please contact:
Alberto Morandi, Partner responsible for Bester Investments Ltd., CapMan Russia,
tel. +7 495 620 4885
Hans Christian Dall Nygård, Head of CapMan Russia, tel. +7 985 111 9801
This press release is not an offer of any securities for sale in the United
States, Canada, Japan, Australia or in any other jurisdiction where it would
violate the laws of that jurisdiction or require measures other than those
required under the Finnish laws. Securities may not be offered or sold in the
United States absent registration under the US Securities Act of 1933
(Securities Act) or an exemption from registration. CapMan has not registered
and does not intend to register any securities under the Securities Act and does
not intend to make a public offering of any securities in the United States,
Canada, Japan, Australia or in any other jurisdiction where offering without
registration would violate the laws of that jurisdiction or require measures
other than those required under the Finnish laws.
CapMan Russia www.capman.com/investment-teams/russia
CapMan Russia provides growth financing for Russian small and mid-sized
enterprises. We have operated in the Russian private equity market since 1995
and are one of the strongest teams in Russia. We help our portfolio companies to
pursue growth both in Russia and internationally. CapMan expanded its operations
into the Russian market in May 2008 through the acquisition of Norum.
CapMan Russia www.capman.com
CapMan is one of the leading private equity firms in the Nordic countries and
Russia, with assets under management of ?3.0 billion. CapMan has four key
investment partnerships - CapMan Buyout, CapMan Russia, CapMan Public Market,
and CapMan Real Estate - each of which has its own dedicated investment team and
funds. Altogether, CapMan employs approx. 120 people in Helsinki, Stockholm,
Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed
on the Helsinki Stock Exchange since 2001.
Tascom www.tascom.ru
Tascom provides an array of telecommunication services to corporate clients,
including virtual private networks (VPNs), local and long distance/international
calling, broadband Internet, and Wi-Fi access. The company owns an extensive
fibre-optic network (1,100 km in Moscow and in 50 towns of the Moscow region)
and a wireless network in pre-WiMax standard.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: CapMan Oyj via Thomson Reuters ONE
[HUG#1618644]
Unternehmensinformation / Kurzprofil:
Datum: 11.06.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 155088
Anzahl Zeichen: 5373
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan Russia sells Tascom"
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