East Capital Amber Fund, with its Fashion and Styling Consortium FSC AB, has completed its divestment from Baltic Cosmetic Holding. Latvian company AS Kolonna purchased a 45 percent holding in Baltic Cosmetic Holding Service. This comes after East Capital Amber Fund sold its stake in Baltic Cosmetic Holding Retail in August 2007.
East Capital Amber Fund first invested in Baltic Cosmetic Holding in January 2005.
Baltic Cosmetics Holding
Baltic Cosmetics Holding is the leader in hairdressing, beauty products, perfumeries and fitness in the Baltic region. The company was established in the 2005 and owns 73 stores throughout Estonia, Latvia and Lithuania. Baltic Cosmetics Holding has a turnover of € 31 million.
Unlike the rest of Europe, nearly 80 percent of the cosmetics in the Baltic region are sold in department stores. The company plans on expansion throughout the region.
Kolonna Group (www.kolonna.com)
Kolonna Group manages a series of hotels, salons, retail and fitness centers in the Baltic region. It is one of the leaders in the service and retail industry in Latvia with a specialty in developing property.
The group’s turnover last fiscal year was posted at € 100.8 million.
East Capital (www.eastcapital.com)
East Capital Financials is an asset manager specializing in Eastern European financial markets. The private equity group currently manages €4.5 billion worth of investments and equities throughout 29 countries – including Russia, Turkey, the Baltic States, the Balkans, Central Asia, and Central Europe – and works with about 450,000 investors from all over the world. East Capital has previously invested in other Russian lending institutions, including Severnaya Kazna in Ekaterinburg, Akibank in Kazan, and FIA-Bank in Togliatti, among others.