CapMan invests in Papa John's restaurant chain in Russia
(Thomson Reuters ONE) - CapMan press release 25 September 2009 at 10.00 a.m.CapMan Russia Fund has acquired a 49% stake in the master franchiseof the Papa John's pizza chain in Russia. Papa John's is an Americanchain and it currently has nine restaurants in Moscow. The aim of theinvestment is to expand the chain's operations in Moscow and otherlarge Russian cities over the next few years.Entrepreneur John Schnatter founded the Papa John's 25 years ago andthe chain currently operates over 3,000 restaurants worldwide. Thefirst Papa John's restaurant in Russia was opened in Moscow in 2003.Russia's fast-food market has grown strongly in recent years and thisgrowth is expected to continue, particularly outside city-centrelocations."We see good opportunities for Papa John's to succeed in Russia,thanks to its excellent brand and skilled management. The chainalready has a strong position in Moscow, and our plan is to work withmanagement to expand its operations by opening new restaurants inboth Moscow and elsewhere in Russia over the next few years," saysCapMan's Senior Partner and Head of CapMan Russia Petri Saavalainen."We are very pleased to receive the support of such an experiencedinvestor such as CapMan for our growth. With CapMan as a partner, wewill be able to further develop our business and continue to focus onproviding quality restaurant services for our customers," saysChristopher Wynne, CEO of Papa John's Russia. Wynne will continue asa major company shareholder following the CapMan acquisition.CapMan Russia invests in mid-sized companies operating in Russia, andhas so far invested in Region-Avia Airlines and Russia Baltic PorkInvest.For further information, please contact:Petri Saavalainen, Senior Partner, Head of CapMan Russia, tel. +358500 415 911Hans Christian Dall Nygård, CapMan Russia, Head of InvestmentOperations, tel. +7 812 913 7834Chris Wynne, CEO, Papa John's Russia, tel. +7 495 995 1072CapMan www.capman.comCapMan is one of the leading alternative asset managers in the Nordiccountries and Russia and manages private equity funds withapproximately EUR 3.5 billion in total capital. CapMan has sixinvestment areas (CapMan Buyout, CapMan Technology, CapMan LifeScience, CapMan Russia, CapMan Public Market and CapMan Real Estate),and each of them has a dedicated team and funds. Altogether CapManemploys nearly 150 people in Helsinki, Stockholm, Copenhagen, Osloand Moscow. CapMan was established in 1989 and its B shares arelisted on the Helsinki Stock Exchange since 2001.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 25.09.2009 - 09:00 Uhr
Sprache: Deutsch
News-ID 6234
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