Rumors are circulating regarding Marshall Capital’s desire to acquire a majority position in Russian baby food producer OAO Nutrinvestholding. Marshall Capital already owns a 50% stake and might be pursuing a privately negotiated purchase of almost 4 million ordinary shares to increase its stake to 75%.
OAO Nutrinvestholding (www.nutritek.ru)
Nutrinvestholding is a holding company that operates two core businesses in Russia under the name Nutritek Group. Nutritek’s two divisions are dairy products and baby foods with the latter making up the largest portion of the business.
The company was formed in 1990 and now consists of 14 production facilities in Russia, Ukraine and Estonia. As the leading producer of baby foods in Russia, the company reported sales of $3.78 billion in 2006.
Nutritek Group employs more than 5,000 people and has an annual capacity in excess of 194,000 tons of product. With headquarters in Moscow, the company has opened a Singapore office to support the company’s expansion into China, Southeast Asian, Africa, and the Middle East.
Marshall Capital Partners (www.marcap.ru)
Marshall Capital Partners currently controls an asset portfolio worth USD 2.5 billion. The private equity group focuses on investments in Russia and CIS countries, and serves private and corporate Russian and foreign institutional investors in various economic sectors, including consumer goods and retail, media and telecommunications, real estate, hotel business, and machinery, among others.