News 09.03.2006
Alfa Capital Partners achieves the first closing of its Private Equity Fund targeting Russia and Ukraine Moscow, March 9, 2006 - Alfa Capital Partners announced today a first closing of US$105 million in its private equity fund, Alfa Private Equity Partners, L.P. Investors include international financial institutions and family offices.The Fund Sponsor, an affiliate of Alfa Group, is also an anchor investor in the Fund. The Fund will seek additional investor commitments with a goal of reaching US$250 million in 2006.
The Fund, which is managed by Alfa Capital Partners, will provide equity capital and management support to medium-sized private companies in Russia, Ukraine and the CIS. The Fund targets emerging and growing sectors and invests in management buyouts, expansion capital, roll ups and co-investments alongside strategic partners. Priority sectors include consumer products and services, leisure, media, publishing, retail, health care, pharmaceuticals, construction materials and logistics. The Fund acquires controlling or significant minority stakes alone and together with like-minded investors.
According to Mikhail Fridman, Chairman of Alfa Group, "Alfa Group is committed to supporting ACP in the fulfillment of its investment mandate in our region. We have a very positive view of the numerous investment opportunities in Russia and Ukraine and are pleased to partner with our international investors. The Fund represents a major milestone in our plan to develop an institutional private equity firm based on international best practices."
The Fund is being managed by a team of nine experienced professionals led by Richard Sobel, ACP’s CEO. Richard has worked in Russia and the region for ten of the past fourteen years and previously helped raise and manage Baring’s first private equity fund in Russia in the 1990s. The team combines a wealth of both international and local work experience.
Richard Sobel said "We are very excited about the successful formation of our private equity fund and the ability this creates for us to bring capital and expertise to help strong management teams build market leading companies."
ALFA CAPITAL PARTNERS, a Moscow-based private equity and real estate investment group, seeks to invest in leading companies in emerging and growing sectors in Russia, Ukraine and the CIS.
Alfa Capital Partners is also the Regional Manager of the US OPIC-sponsored US$180 million Great Circle Fund. Great Circle Fund is a dedicated emerging markets infrastructure fund with regional focus on Russia, CIS, Turkey, Baltic and Mediterranean regions.
Alfa Capital Partners manages total US$285 million in capital from international institutional and private investors alongside capital from Alfa Group. Alfa Capital Partners is an affiliate of Alfa Group, one of Russia’s largest financial industrial groups.
For more information about Alfa Capital Partners, please contact Mr. Richard Sobel, CEO and Ms. Anna Shumaylova, marketing coordinator, at: +7 495 775-1828 or ashumaylova@alfacp.ru or visit www.alfacp.ru.
THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. THE ISSUER DOES NOT INTEND TO MAKE ANY PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES. |
