CapMan invests in Vital Development Corporation
(Thomson Reuters ONE) -
CapMan Press Release - 19 June 2012 at 12:00 pm EET
CapMan invests in Vital Development Corporation
CapMan Russia, a fund managed by CapMan, has acquired a 25 percent stake in
Vital Development Corporation (Vital), a Russian producer of equipment and
reagents for laboratory analysis. The objective of the transaction is to expand
Vital's production capacity, increase its share of the reagent market and
support the development of new products.
Vital is a developer, producer and provider of biochemical and immunological
reagent test sets, analyzers and equipment used in laboratory analysis. The
products are primarily used in public laboratories, to which the company sells
mainly through distributors. The majority of the company's sales are domestic,
while 20 percent are generated by exports to CIS and other countries. The
company was founded in 1994 by a team with experience in medical research and
development. Vital employs approximately 90 people, of which 11 work in research
and development.
The Russian In-Vitro Diagnostics (IVD) market is estimated at approximately $300
million and is expected to grow by 10-15 percent until 2018. The IVD market is
following the general trend of the Russian laboratory market, which is growing
steadily.
"Vital represents an exciting opportunity to invest in the Russian IVD market.
With the growing volume and increased scope of diagnostic tests performed, we
believe that this market offers excellent growth opportunities also for small
and specialized players", says Alexander Vlasov, Partner at CapMan in charge of
the investment.
"We capitalize on our strong research and development team and plan to further
expand our product line after launching two new product portfolios related to
immunological analysis and water purification systems designed for medical
laboratories earlier this year. With support from our new partners, we are well-
positioned to expand our operations to meet growing demand in our key IVD
markets", says Alexander Plekhov, Executive Director at Vital.
Following the investment, CapMan Russia fund owns 25 percent of Vital's equity.
CapMan Plc is a significant investor in the CapMan Russia fund.
For more information, please contact:
Alexander Vlasov, Partner, CapMan Russia, tel. +7 495 620 48 85
Alexander Plekhov, Executive Director, Vital Development Corporation, tel. +
7 812 326 61 98
CapMan www.capman.com
CapMan Group 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 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.
Vital Development www.vital-spb.ru
Vital Development is a leading Russian provider of reagent tests and analytical
equipment to laboratories. The key product lines are biochemical and
immunological reagent sets, biochemical analytical equipment and water
purification equipment. The company is located in St. Petersburg and employs
more than 90 people.
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#1620533]
Unternehmensinformation / Kurzprofil:
Datum: 19.06.2012 - 11:01 Uhr
Sprache: Deutsch
News-ID 157631
Anzahl Zeichen: 4202
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan invests in Vital Development Corporation"
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