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.
More on GPs
EU FSR could impact PE fundraising with potential rise in ‘clean funds’
FSR could lead GPs to create funds without foreign LPs; red tape around sovereign wealth funds likely
BHM Group builds on PE strategy, eyes European medtech and renewable energy acquisitions
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Redalpine expands leadership team amid CHF 1bn-plus fundraise
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
IPO offers CVC chance to become multi-asset consolidator
Potential IPO also offers monetisation solution for founders and GP stakes investor Blue Owl
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater