ADM Capital said it has exited its Central Eastern European and Kazakhstan private equity business through a management buyout. Financial terms weren’t announced. ADM Capital said the sale will allow it to focus on its Asian fixed income business and Cibus Fund platform, as well as expanding its ADM Capital Foundation.
ADM CAPITAL EXITS CK REGION BUSINESS TO FOCUS ON CORE MARKETS
ADM Capital is pleased to announce that it has exited its Central Eastern European and Kazakhstan private equity business, collectively known as the CK Region, through a management buyout.
The disposal, which completed on the 1st August, will allow ADM Capital to focus its strategic resources on further growing its Asian fixed income business, leveraging its global Cibus Fund platform and expanding the work of the ADM Capital Foundation.
Founded in 2006, ADM Capital CK Region was established to manage the ADM Ceecat Recovery Fund, the ADM Kazakhstan Capital Restructuring Fund, Kazakhstan Growth Fund and the CCL Kazakhstan Silk Road Agriculture Growth Fund.
In 2014, ADM Capital reorganised the structure of CK Region to provide greater autonomy to the individuals advising these funds from locations in Almaty, Istanbul, Kiev and Moscow. Following three years of successful oversight, ADM Capital believes that the time is right to withdraw from this business and allow the current management team to drive the company forward as owner-operators under the Ceecat Capital Limited name.
Commenting, Rob Appleby, Co-Founder and joint-CIO of ADM Capital said: “Over the past 12 years we’ve been delighted to see the CK Region business go from strength to strength. Now is the right time to allow the capable hands that have nurtured it during that period to drive the next phase of its growth and build on the strong platform we have created.”
“Looking ahead, by exiting CK Region, ADM Capital will be well positioned to capitalise on the attractive growth opportunities we see across our Asian fixed income business and Cibus Fund whilst also building on the fantastic work undertaken by the ADM Capital Foundation.”
Anthony Stalker, representing the management of Ceecat Capital Limited commented: “We are excited about the opportunity to further develop the CK Region business by developing and growing a range of private equity strategies under the CCL Capital banner. We thank ADM Capital for their support and guidance over the past 12 years and look forward to the future with optimism.”