Private equity fund Mint Capital has invested an non-disclosed amount into UCMS Group. The capital from the direct equity investment will be used primarily for the expansion UCMS Group EMEA’s workforce management outsourcing services and on demand solutions for software throughout the Nordic, Russian, Central and Eastern European companies.
UCMS Group (www.ucmsgroup.eu)
UCMS provides business process solutions and business process outsourcing in the emerging markets of Russia, Ukraine, Poland and Hungary. The company works with an expanding partner network and through a combination of mergers and acquisitions to assist emerging markets with their business needs.
UCMS provides its clients with Quinyx, a web based product that assists with human resource management and payroll administration. Founded in 1995, UCMS now employs 2,300 people.
Mint Capital (www.mintcap.ru)
Mint Capital was founded as a private equity investment group in 2000. Its goal is to invest in companies in Russia and the surrounding regions.
Headquartered in Moscow, the company employs ten investment professionals. Mint Capital has two operating funds, Mint I and Mint II.
21/09/2007
Business Services, Central & Eastern Europe, Investment, Private Equity News, Russia