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CapMan invests in Bank Evropeiskij


CapMan Press Release 7 July 2010 2.45 p.m. EET

CapMan invests in Bank Evropeiskij


CapMan Russia fund has invested in the Russian bank, Bank Evropeiskij, the third-largest provider of corporate and retail banking services in the Kaliningrad region. The aim of the investment is to help the bank strengthen its position on the local market.


Founded in 1991, Bank Evropeiskij provides corporate and retail banking services in the Kaliningrad region, the Russian enclave located on the Baltic between Poland and Lithuania. As of 1 January 2010 the book value of Bank Evropeiskij was approx. €15.6 million and total assets approx. €145 million. Net profit after provisions in 2009 was approx. €2 million. The bank employs 226 people.


“It is very important that CapMan as a professional private equity investor has favourably evaluated the bank’s team, its long-term achievements, and management’s ability to successfully implement a growth strategy. CapMan has wide experience, which will help Bank Evropeiskij set new ambitious goals. Together we will further strengthen the business practices that have allowed us to keep our clients loyal to the bank and attract new customers. We are already working on growing our lending operations, improving lending terms, and offering new banking products”, says CEO of Bank Evropeiskij Bogdan Yarovoy.
“The Russian banking sector is very fragmented at the moment and local banks enjoy an established position on the marketplace. Bank Evropeiskij has a strong brand and customer base in the Kaliningrad region, with good ties to local businesses. We believe that, by working together with the bank’s dynamic and capable managers, we will be able to build a solid foundation for the bank to further strengthen its position on the local market,” says CapMan Senior Partner Hans Christian Dall Nygård.


Following the transaction, the CapMan Russia fund owns approx. 20% in the company. CapMan Plc is a major investor in the CapMan Russia fund.


For further information, please contact:
Hans Christian Dall Nygård, Senior Partner, Head of CapMan Russia Investment Operations, tel. +7 985 111 9801



CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages private equity funds with approximately EUR 3.6 billion in total capital. CapMan has six investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public Market and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs approximately 150 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.