Gimv will continue its Russian investment activities through CapMan Russia Fund

Gimv has been active in mid-sized growth companies in Russia since 1996. Because of the importance of critical mass, Gimv has always approached the Russian market in a partnership formula with investors such as EBRD, VTB and until recently KBC Private Equity.

In early 2008, Gimv entered into a partnership with KBC Private Equity for investments in the Russian market. As per end 2009, KBC Private Equity has withdrawn from this partnership. Gimv will continue to manage its existing Russian portfolio and have an active presence in the Russian market through co-operation with CapMan Russia. CapMan is currently active in the Russian market with its EUR 118 million CapMan Russia Fund, which was raised in early 2009 and to which Gimv has made a EUR 7.5 million commitment.

Gimv and CapMan have been co-operating in the field of deal flow generation and value creation since summer 2009 when Gimv became a significant fund investor in CapMan funds.