IMAP is pleased to announce completion of the sale of Blesk InCare, a leading mat rental and laundry services provider in Russia with five processing facilities. Elis, an international multi-service provider offering textile, hygiene and facility services across Europe and Latin America, acquired Blesk InCare’s mats business to expand its portfolio in Russia.
IMAP Russia (Advance Capital) acted as the Sellers’ exclusive financial advisor.
Evgeny Antipov, Managing Director at Advance Capital, said
“This is our second transaction with Blesk InCare, and we are happy with this long-term cooperation with this company. This deal serves as confirmation of the continued interest international investors have to enter and increase their exposure to the Russian servicing companies focused on the private sector.”
Maxim Uryash, Executive Director at Advance Capital, commented
“Acquisition of Blesk InCare by Elis will definitely become a landmark transaction for the Russian mat service market. With the purchase of Blesk InCare, a new global player enters the Russian B2B service market. We expect the arrival of a new foreign investor – Elis, one of the global market leaders in B2B services, to bring the competition in this sector to a new level and give new momentum to the development of the sector.”
Now in its 7th edition, this issue of IMAP’s flagship publication Creating Value, takes an in depth look at Africa, where IMAP recently held its bi-annual international conference for the first time since the company’s inception in 1973.
The Shareholders of Convert Paper, the leading Polish independent manufacturer of corrugated board and sheet feeder of solid board, have sold 100% of shares in the Company to Papierfabrik Adolf Jass GmbH & Co KG.
The majority of the reisenthel Group, a well-known and leading German manufacturer of functional shopping baskets, bags and everyday helpers, was taken over by the Swiss-German financial investor INVISION in the course of a succession solution.
