CapMan Russia Acquires a 40 Percent Stake in Kidburg (CEE and CIS)

Source: CapMan Group

Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan Group, has acquired a 40 percent stake in Russia-based Kidburg, an operator of children’s educational entertainment services. The transaction was structured through CapMan Russia II and is intended to support the company’s further expansion in Russia. Kidburg is planning to open an office in Moscow in December 2014. Financial details of the transaction were not disclosed.