A urora Russia has announced an agreement to increase its stake in OSG Records Management Group through conversion of a USD 1 million loan issued in March, 2009. In executing the option to convert the loan to ordinary OSG shares, Aurora will acquire existing shares from OSG as well as new shares to be issued. The total value of the transaction is £12.4 million; £8 million for existing shares, £3.2 million for new shares, and £1.2 million payable in cash to OSG.
OSG Records Management (www.osgrm.com)
OSG Records is a Russian document storage and archiving concern with nearly thirty years of experience in the industry. The company operates dozens of facilities throughout Russia and the CEE Region as well as parts of Asia and the Middle East. OSG storage facilities are manned by uniformed security and are designed to provide protection from humidity, temperature and light variations, vermin, and fire.
Aurora Russia Limited (www.aurorarussia.com)
Aurora Russia Limited is a private equity investment firm focused on small and mid-sized companies in the financial and business and consumer services sectors. The company looks for high growth opportunities which will increase investment value for future stock market listing or trade sale. The average investment period of Aurora’s portfolio companies is two to four years. Aurora Russia Limited is managed by Guernsey-based Aurora Investment Advisors Limited.
