CapMan and Gimv invest in Russian-based Expert Photo
(Thomson Reuters ONE) -
CapMan Press Release 18 July 2011 at 8.30 a.m. EET
CapMan and Gimv invest in Russian-based Expert Photo
The CapMan Russia fund, in collaboration with Belgian-based investment company
Gimv NV, has provided growth capital to Expert Photo, a leading provider of
photo related services in Russia. The investment is made to strengthen the
company's position in the Russian market.
Expert Photo was established in 1995. It provides comprehensive online and
offline photo printing services and photo products including photo books,
calendars, canvases and souvenirs for retail and corporate customers in Russia.
Expert Photo had net sales of approx. ?10 million in 2010 and employs approx.250
people.
"Expert Photo has grown steadily during the past years and it has a good product
and service range. The market for photo related services and products is
developing favourably in Russia. We believe that Expert Photo is well positioned
to continue to grow and to expand its operations in Russia," says Petri
Saavalainen, Senior Partner at CapMan.
"Expert Photo's management is very knowledgeable of the opportunities that exist
in today's market, is open to new ideas and ready to introduce them with the
ultimate goal to enhance its leadership position. These factors made the
difference for our decision to invest in this company," says Jan Dewijngaert,
Director Buyouts & Growth Central Europe and Russia at Gimv. "This transaction,
which is the first joint investment with CapMan Russia, illustrates our
permanent interest in the Russian private equity market."
Following the investment, the CapMan Russia fund and Gimv each own approx. 19%
of Expert Photo's shares. CapMan Plc and Gimv are both major investors in the
CapMan Russia fund.
Further information:
Petri Saavalainen, Senior Partner, CapMan Russia, tel. +358 207 207 514
Jan Dewijngaert, Director Buyouts & Growth Central Europe and Russia, Gimv, tel.
+32 3 290 2120
CapMan www.capman.com
CapMan is one of the leading private equity firms in the Nordic countries and
Russia, with assets under management of ?3.4 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. 140 people in Helsinki, Stockholm,
Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed
on the Helsinki Stock Exchange since 2001.
Gimv www.gimv.com
Gimv is a European investment company with 30 years' experience in private
equity and venture capital. The company is listed on the NYSE Euronext Brussels
and manages around 1.9 billion EUR (including third party funds). Gimv invests
in buyouts and provides growth financing to established companies. For this Gimv
can call upon local teams in Belgium, the Netherlands and France, as well as an
extended international network of experts. Through its specialised teams, Gimv
also invests venture capital to companies operating in the Life Sciences,
Technology and Cleantech industry. Gimv approaches specific activities or
certain countries through specialised funds, sometimes in collaboration with
experienced partners. Gimv is active in Central Europe and Russia through funds
and joint ventures.
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#1531475]
Unternehmensinformation / Kurzprofil:
Datum: 18.07.2011 - 07:32 Uhr
Sprache: Deutsch
News-ID 56456
Anzahl Zeichen: 4221
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan and Gimv invest in Russian-based Expert Photo"
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CapMan Oyj (Nachricht senden)
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