JP Morgan’s One Equity Partners has agreed to partner with Russian investment firm Interros Holding in establishing a joint investment fund to benefit Russian businesses. Each partner has committed to an initial USD 500 million contribution for the USD 1 billion venture, aimed at expansion capital and debt financing opportunities in the consumer products, services, and manufacturing sectors.
Both companies hope the combination of OEP’s investment management track record and Interros’ local knowledge will provide significant growth for portfolio companies and better than average returns for investors.
Interros Holding (www.interros.ru)
Interros Holding is a privately owned investment management company established in Russia in 1990. As of early 2007 the company claimed USD 30 billion in assets under management, in companies throughout Russia, Asia, Europe, and North America.
Interros focuses primarily on the agricultural, financial, media, metallurgy, real estate, and tourism sectors and is heavily involved in the management of portfolio companies. Interros is based in Moscow.
One Equity Partners (www.oneequity.com)
Founded in 2001, One Equity Partners is as an international investment management firm with a long list of well-known clients. Among those is J.P. Morgan, for whom OEP exclusively manages nearly USD 8 billion in assets.
The typical OEP investment ranges between USD 50 million to USD 200 million and is focused on the chemicals, defense, healthcare, manufacturing, technology, and travel sectors. OEP operates offices in New York, Chicago, Menlo Park, Frankfurt and Hong Kong.