CapMan invests in Top League
(Thomson Reuters ONE) -
CapMan Press Release 20 April 2012 at 10:00 a.m. EET
CapMan invests in Top League
CapMan Russia, a leading Russian private equity fund managed by CapMan, has
acquired a minority stake in Top League. Top League is one of the top sporting
goods retail chains in Russia with attractive growth prospects. The objective of
the transaction is to accelerate Top League's expansion across Russian regions
in the coming years.
Founded in 1995, Top League is currently the largest sporting goods retailer in
Southern Russia and among the Top-3 national retail chains in the sector. The
group includes multi-brand stores Top League and Manbition, a B2B sports
equipment centre, an online store and mono-brand stores for Nike, Quicksilver
and Bosco Sport, as well as discount centres. Today, the chain consists of 55
stores located in 16 cities in Southern, North-Caucasus and Central Federal
Districts of Russia, including Krasnodar, Sochi, Rostov-on-Don, Volgograd,
Stavropol and Voronezh. The company is headquartered in Krasnodar and it has a
distribution centre in Domodedovo near Moscow.
"The Russian sports retail market has significant growth potential. Especially
the segments where Top League is operating show considerable promise, such as
multi-brand stores that carry well-recognized international brands. The company
is a strong player with a solid market position and proven business model, and
is therefore well-positioned to broaden its presence in the Russian regions",
says Alexander Vlasov, Partner at CapMan in charge of the investment.
Alexey Pshenichny, CEO of Top League, underlines the importance of CapMan's
investment for the company's development: "This transaction will support Top
League's nationwide expansion. Our aim is to enter the sports retail market in
Central and Volga regions as well as Moscow. In line with this objective, we are
targeting to reach 150 stores and an annual turnover of more than ?200 million
by 2016. I am confident that we will accomplish this goal in co-operation with
CapMan."
Following the investment, CapMan Russia fund now owns a significant minority
stake in the company, while the remaining shares are held by the management
team. CapMan Plc is a significant investor in the CapMan Russia fund.
Further information:
Alexander Vlasov, Partner, CapMan Russia, tel. +7 495 620 48 85
Alexey Pshenichny, CEO, Top League, tel. +7 861 234 55 34
CapMan www.capman.com
CapMan Group is one of the leading private equity firms in the Nordic countries
and Russia, with assets under management of ?3.1 billion. CapMan has four key
investment partnerships - CapMan Buyout, CapMan Russia, CapMan Public Market,
and CapMan Real Estate - each of which has its own dedicated investment team and
funds. Altogether, CapMan employs 120 people in Helsinki, Stockholm, Oslo,
Moscow and Luxembourg. CapMan was established in 1989 and has been listed on the
Helsinki Stock Exchange since 2001.
Top League www.topliga.ru
Sporting goods retail chain Top League was founded in 1995 and is now operating
55 stores under brands Top League, Manbition, Nike, Quicksilver, Bosco Sport
including several discount centres. The stores are located in 16 cities in
Southern, North-Caucasus and Central Federal Districts of Russia, including
Krasnodar, Sochi, Rostov-on-Don, Volgograd, Stavropol and Voronezh. The company
is headquartered in Krasnodar and it has a distribution centre in Domodedovo.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: CapMan Oyj via Thomson Reuters ONE
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Datum: 20.04.2012 - 03:00 Uhr
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