CapMan invests in Russia's Kidburg

The investment will help expand Kidburg's operations in Russia, where it plans to open an office in Moscow by the end of the year, adding to its two current locations.

CapMan made the acquisition through its Russia II fund, which recently closed on €99.1m, short of its initial €175m target due to fundraising challenges caused by the Russia-Ukraine crisis.

Hans Christian Dall Nygård, partner at the GP's Moscow office, told unquote" in September that his firm was committed to its presence in Russia, pointing to CapMan's long history in the country.

Kidburg is the GP's second investment through Russia II, which backed Maykor in August 2013.

Company
Based in St Petersburg and Rostov-on-Don, Kidburg provides educational entertainment aimed at children between the ages of 2-14.

The company's services are provided in local shopping centres and includes three offerings: an interactive theatre-museum, an interactive museum of recreational sciences, and a children's city of professions.

Founded in 2009, Kidburg employs 400 people.

People
Partner at CapMan Russia, Alberto Morandi, was responsible for the investment.

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