East Capital exits Elko Grupa
Jan 23, 2013
From wire reports
RIGA - East Capital sold its 8.8 percent stake in Latvian computer wholesaler Elko Grupa, completing the Stockholm-based asset manager’s seven-year investment with a total return of 107 percent, reports Bloomberg.
East Capital’s Bering New Europe Fund, Russia Fund and Ukraine Fund sold their shares to companies controlled by Elko managers that were already shareholders, according to Gert Tiivas, the asset manager’s Baltic head of private equity. “The time was right t ...
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