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TPG Capital and VTB Acquire Stake in Lenta

Files under: News
Posted by: Quintura @ 14:42 [12. 10. 09]

The private equity firm TPG Capital together with VTB Capital has acquired a 35.4% stake in Russia’s 5th largest retail chain Lenta for more than $100 million. It’s the first time TPG and VTB cooperated in the Russian private equity investment.

Founded in 1993, Lenta operates 36 supermarkets in Russian cities: 14 in St. Petersburg, 4 in Novosibirsk, 2 in Krasnodar, Nizhniy Novgorod and Omsk, etc. Lenta reported sales of $2,340 million in 2008.

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