UNQUOTE

Elbrus Capital invests in SPSR-Express

  • Anneken Tappe
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Elbrus Capital has taken a stake in Russian delivery business SPSR-Express, leading to a partial exit of the Russian Retail Growth Fund.

The Russian Retail Growth Fund is managed by Svarog Capital Advisors.

Company
SPSR-Express is a Moscow-based delivery company, providing mail and cargo services in more than 6,000 cities in Russia. The company operates 200 branches and 1,000 delivery vehicles. Its product range includes PickPoint delivery at designated post offices and KartaNaDom, a delivery system of plastic cards for banking clients.

People
Managing partner Dmitri Krukov led the deal on behalf of Elbrus. Oleg Tsarov represented Svarog. Vladimir Solodkin is founder and CEO of SPSR-Express.

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