Polish investment firm Abris Capital Partners has purchased a controlling stake in Ukrainian supermarket chain Barvinok. Details of the sale, including purchase price and company value have not been disclosed, but experts estimated the value of the deal to be USD 16 to USD 30 million. The sellers, Intermarket Ltd., will remain a minority shareholder in the company and Barvinok will continue operating under the same name.
Barvinok
Barvinok is supermarket chain in western Ukraine consisting of 24 stores. Management of daily operations has been put under the care of Michael Kharrison, a British manager with more than 10 years of retail business experience in Central and Eastern Europe.
Abris Capital (www.abris-capital.com)
Based in Warsaw, Poland, Abris Capital is managed by two partners who have worked together in the private equity industry for 12 years. Abris employs 15 people, most of them hailing from Central and Eastern Europe. The multi-lingual team boasts the ability to communicate fluently in all of the local markets it serves.
Abris Capital invests in mid-market growth and buy-out opportunities in CEE. Their investments concentrate on the following sectors: alternative energy, business services/transport, commercial and consumer manufacturing, construction and infrastructure, education, environment/waste management, financial services, FMCG, healthcare, retail, telecommunications and media, and tourism.
November 27, 2008
Central & Eastern Europe, Investment, Private Equity News, Ukraine