ADM Capital’s funds, KCRF and KGF, members of a group of funds with the participation of Kazyna Capital Management JSC (owned by National Management Holding “Baiterek” JSC) and the European Bank for Reconstruction and Development (EBRD) announce completion of the acquisition of the controlling stake in Chaplin Cinemas network.
Investments of the Funds will be aimed at expanding the project as well as developing the competitive and transparent film-distributing industry in Kazakhstan.
“The financing of the Chaplin Cinemas network by these private equity funds will contribute not only to the geographic expansion of our group, but also to the improvement of business processes and enhanced corporate governance. This will have a positive impact on the business generally and make Chaplin Cinemas become one of the 3 top companies in Kazakhstani cinema network”, – commented Ms Sabina Kuzenbayeva, General Director of the Chaplin Cinemas network, with regard to the transaction.
Since launching its business in 2011 with the opening of its the first cinema in the “Mango” shopping mall in Almaty, Chaplin Cinema’s interconnected network currently includes 17 movie theatres in Almaty, Atyrau, Aktau and Uralsk. The Company has quickly earned a reputation of a reliable business partner and expects to open the new theatres in Astana and major cities in Kazakhstan. Visitors to Chaplin Cinema’s theatres will have a chance to spend time in a new movie theatres equipped with modern facilities and comfortable viewing arm-chairs.
The new funds investing in the project – ADM Kazakhstan Capital Restructuring Fund CV and Kazakhstan Growth Fund LP are managed by the ADM Capital group, a reputable international company with strong experience in private equity transactions across Central and Eastern Europe and Central Asia. “In the middle of the last year Kazakhstan Growth Fund also invested in KARO Film, a Russian cinema network. Therefore the transaction with Chaplin Cinemas is a logical continuation of our investment strategy in the industry within the CIS countries”, – says Orinbasar Kuatov, a Partner at ADM Capital.
ADM Capital’s funds have financed a total of seven companies in non-oil and gas sectors of the economy of Kazakhstan and Russia comprising an aggregate investment amount of USD 85 mm. These portfolio companies include Invivo – Kazakhstani medical laboratory network, VDP Holding diagnostic centers, Zhambyl Gypsum JSC construction materials manufacturer, a joint venture with Chagala International Holding for making investments in the development of residential and commercial real estate, Caspian Development Company Services that provides lifting facilities services in western Kazakhstan, KARO Film network of cinemas in Russia and now Chaplin Cinemas in Kazakhstan.
Kazyna Capital Management JSC (KCM) is a Kazakhstani fund of private equity funds. KCM jointly with institutional foreign investors are the shareholders of the funds that provide funding to companies involved in emerging economic sectors. Kazyna Capital Management JSC is part of the group of companies owned by National Management Holding “Baiterek” JSC. www.kcm-kazyna.kz
ADM Kazakhstan Capital Restructuring Fund (ADM KCRF) was established in 2010. The European Bank for Reconstruction and Development (EBRD) and KCM are the investors of the Fund. The Fund’s capitalization amounts to USD 101 million. Geographic focus – Kazakhstan. The investment portfolio of ADM KCRF includes the projects in the area of oil and gas servicing, development of commercial and residential real estate, production of construction materials, healthcare and leisure. ADM Capital is the Fund’s Manager. www.admcap.com
Kazakhstan Growth Fund (KGF) was established in 2008. The European Bank for Reconstruction and Development (EBRD) and KCM are the investors of the Fund. The Fund’s capitalization amounts to USD 80.8 million. Investing focus includes the food-processing industry, manufacture of equipment for mining industry, service industry, metallurgy, wood processing and textile manufacture. Geographic focus – Kazakhstan (70%), Russia and Central Asia. ADM Capital is the Fund’s Manager. www.admcap.com
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