Alfa Capital Partners raises its first Private Equity Fund targeting Russia and Ukraine
10 Apr 2007
Moscow - Alfa Capital Partners announced the closing of its private equity fund of US $200 million with a group of international institutional and private investors. The fund sponsor, an affiliate of Alfa Group, is also an anchor investor in the Fund.
The Fund, under the management of Alfa Capital Partners, will provide equity capital and management support to medium-sized private companies in Russia, Ukraine and the CIS. The Fund invests in management buyouts, expansion capital, consolidation plays and co-investments alongside strategic partners. ACP’s strategy is to invest in sound businesses and proven business models. Priority sectors include consumer products and services, media and entertainment, publishing, retail, healthcare and pharmaceuticals, construction materials and agribusiness. The Fund acquires controlling or significant minority stakes alone or together with investors.
According to Mikhail Fridman, Chairman of the Supervisory Board of Alfa Group Consortium, “Alfa Group is committed to support ACP in the fulfillment of its investment mandate in our region. We have a very positive outlook for investment opportunities in Russia and Ukraine and are pleased with our partnership with a prominent group of international investors, a key milestone in our plan to develop an institutional private equity firm based on international best practices.”
The Fund is managed by a strong local team of experienced professionals, led by Richard Sobel, CEO of ACP. The team has a rich blend of international and local experience which enables ACP to add value to portfolio companies in a variety of ways, including strategically and financially.
Richard Sobel commented “We see tremendous investment opportunities in Russia and Ukraine, particularly in fast growing retail and consumer businesses which are increasingly expanding into the regions. Our local team, with support from the extensive Alfa network, is well positioned to identify and assist leading companies, management teams and entrepreneurs to realize their potential.”
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