CapMan invests in Russian manufacturer of handling equipment
The CapMan Russia fund has invested in LMZ, Russia’s leading manufacturer of handling equipment for construction industry. The investment is intended to support the company’s future growth in Russia. LMZ is based in Chelyabinsk in the Urals and its customers include construction equipment hire companies and construction companies. LMZ’s net sales in 2009 were €4 million and it employs approx. 400 people.
“The construction industry in Russia is beginning to show signs of recovery after two quiet years, and industrial growth prospects are strong. As a local player, LMZ is very well-placed for strong growth of its own and building a stronger market share. The company has an extensive sales and service network in Russia and CIS,” says Partner Alberto Morandi of the CapMan Russia team.
CapMan Russia invests in mid-sized companies operating in Russia. Following the transaction, the CapMan Russia fund will own approx. 37% of the company. CapMan Plc is a substantial investor in the CapMan Russia fund.
CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages private equity funds with approximately EUR 3.6 billion in total capital. CapMan has six investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public Market and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs over 150 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.
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