ADM exits its CEE private equity business
Private equity house ADM Capital has exited its central and eastern European and Kazakhstan private equity business, collectively known as the CK region, through a management buyout.
The move is intended to enable ADM to focus on developing its Asian fixed-income business, leveraging its agriculture-focused Cibus Fund platform and expanding the work of its ADM Capital Foundation.
Established in 2006, ADM Capital CK Region was formed to manage the ADM Ceecat Recovery Fund, the ADM Kazakhstan Capital Restructuring Fund, Kazakhstan Growth Fund and the CCL Kazakhstan Silk Road Agriculture Growth Fund.
The current management team will continue to managed the funds as owner-operators under the name Ceecat Capital.
A reorganisation in 2014 saw ADM restructure its CK region unit to offer greater autonomy to the individuals advising these funds in Almaty, Istanbul, Kiev and Moscow.
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