CapMan Russia exits Russian Baltic Pork Invest

The exit is the first trade sale for the GP's 2008-vintage CapMan Russia fund. Prior to the transaction, CapMan Russia owned 24.2% of RBPI. The exit does not impact CapMan's result for 2013 as the selling fund is not in carry.

Charoen Pokphand Foods is a SET-listed agro-food company with operations in several countries.

The CapMan Russia fund acquired RBPI in 2008. During the holding period, CapMan assisted with securing additional financing from Russian and international banks, opening sales channels and identifying opportunities for further expansion in Russia. The company also developed environmental processes and risk management standards.

CapMan Russia is currently investing from its CapMan Russia II fund, which invests in fast-growing consumer sectors, as well as business-to-business services. The fund's strategy is to transform Russian SMEs in provincial growth centres into domestic leaders and then exit them to Russian and international trade buyers.

Company
Founded in 2004 and based in Kaliningrad, RBPI is a large-scale pork producer with 6,200 sows, producing 190,000 slaughter pigs per year. The company is expanding its operations to mainland Russia and is planning to establish three additional pig farms between 2015-2018.

People
Kåre Wessel is an investment director at CapMan Russia and was responsible for the investment. Thomas Nørgård is the CEO of RBPI.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• CEE
• Exits
• Consumer
• Now researching
• Russia
• CapMan