UFG Private Equity invests in Santens

The GP backed the company via its UFG Private Equity Fund II (Series 2) vehicle, which was launched in June last year with $200m in capital. The firm's UFG Private Equity Fund II (Series 1) vehicle held its final close in June 2010 on $225m.

UFG Private Equity Fund II (Series 2) invests in the SME market in Russia and post-Soviet states, specifically companies with at least $20m in annual turnover.

The investment in Santens will not bring about any changes to the company's management. The company's president and founding shareholder, Oleg Moiseenkov, will remain at the helm and Santens' majority shareholder.

UFG plans on investing more than $30m in Santens over the course of its next growth cycle. The company will use the funding to further develop its core services and expand its storage facilities.

Company
Founded in 2000 and headquartered in Moscow, Santens specialises in logistics services for the distribution chain of finished pharmaceutical and accompanying products in Russia. Services include customs clearing and pre-wholesale handling of pharmaceutical products.

The group comprises holding company Danom; CJSC Santens Service, which provides storage and warehouse facilities for the pharmaceutical industry; and CJSC Norston and Santens Customs, which provides cargo storage and handling services at customs and pharmaceutical warehouses, as well as customs clearance and quality conformity confirmation for pharmaceutical products.

People
Oleg Moiseenkov is the president of Santens. Robert Sasson is a senior managing partner at UFG.

Advisers
Equity – Van Campen Liem, Marcello Distaso, Aldo Schuurman, Yana Levin, Nicole van Smaalen, Assia Tsjapanova, Ekaterina Lebedeva, Andrew de Vries, Ilona van den Bergh (Legal, tax).

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• Topics
• Expansion
• CEE
• Support services
• Russia
• UFG Private Equity