Recent News and Events
Transnational Capital Announces that Papa John’s Russia has sold a 49% stake to CapMan Russia Fund
September 25, 2009
Transnational Capital Corp. is pleased to announce that Papa John’s Russia, the Moscow-based master franchise of the American pizza restaurant chain, has sold a 49% stake to CapMan Russia Fund, a leading private equity investor in the Nordic countries and Russia. Terms were not disclosed. TCC advised Papa John’s Russia on the transaction.
“We are very pleased to receive the support of such an experienced investor such as CapMan for our growth. With CapMan as a partner, we will be able to further develop our business and continue to focus on providing quality restaurant services for our customers,” says Christopher Wynne, CEO of Papa John’s Russia. Wynne will continue as a major company shareholder following the CapMan acquisition.
CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages private equity funds with approximately EUR 3.5 billion in total capital. CapMan Russia invests in mid-sized companies operating in Russia, and has so far invested in Region-Avia Airlines and Russia Baltic Pork Invest