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April 26, 2019 www.intellinews.com I Page 3
The fast food business has also caught the eye
of Russia-dedicated funds. Leading private eq- uity fund Baring Vostok Capital Partners (BVCP) acquired 37% in PJ Western in March 2018, the master franchisee of fastfood chain Papa John's in Russia, CIS, and Central Europe, buying out a part of minority shareholder Capman fund and a new share issue, in the fund’s first catering investment.
PJ Western operates 146 Papa John’s restaurants in Russia, CIS, and Poland and is one of the
largest franchisees of the chain in the world. In 2017 the company made RUB4.5bn ($78mn) in revenues and plans to triple the number of restaurants to 450 by 2020, with an investment of $50mn.
And the Alfa group of oligarch Mikhail Fridman bought into the franchisee of Sbarro brand in Russia, Kazakhstan and Azerbaijan, Dodo Pizza chain in 2018, raising $7.5bn in
a private offering to investors.
XVI CIS, Baltic States and Caucasus
Bond Congress
Batumi June 13—14, 2019
Hosted by:
Lead partners:
O cial partners:
Sponsors:
Sponsor of gala dinner:
GROUP OF COMPANIES
With contribution from:
