Nelly EUROOPT
“Capital Times Ltd.” has closed the transaction on the attraction of strategic partner, the “Euroopt” company, for the retail chain “Nelly” (city of Mozyr, Belarus).
Minsk, 24th of December, 2009 – Capital Times has announced the closing of the deal on attraction of strategic partner for the food retail chain “NELLY” (Mozyr, Belarus) – the food chain “Euroopt” (Belarus), by selling the rights of long-term lease.
Amount of the transaction is not disclosed.
Brief information on the group of companies “Nelly”:
The group was found in 1992. It includes the largest regional chain of retail trade “Nelly”, which includes a network of 10 stores, network of drugstores “Nelly-Farmo” and radio “Nelly-Info”.
Brief information on the holding “Euroopt”:
“Eurotorg” Ltd. (the trade mark “Euroopt”) is one of the largest Belarusian food market operators today which work in low-cost segment. The company operates since 1993. Retail chain consists of the largest in Republic of Belarus hypermarket (11 000 sq. m.) and 20 stores (trade area from 200 to 1500 sq. m.). The company plans to increase the amount of “Euroopt” stores up to 55 across the country by the end of 2010. The company has well-established business partnerships with Belarusian manufacturers and with suppliers from more than 40 countries of near and far abroad.
The Holding CJSC “Euroopt” includes one of the largest Belarusian food market traders – “Eurotorg” LTD, CJSC “Minsk factory of grape wines” (the largest grape wines manufacturer in Republic of Belarus which holds “Ambassador” trade mark) and JLTD “Minsk melkombinat” (Minsk region, production of a flour and grain products).
Brief information about Capital Times:
Capital Times is independent firm that provides corporate advisory services on Mergers and Acquisitions (M&A), exclusive sales and financial restructuring. As well as with M&A consultancy services, the firm is also engaged in Asset Management.
The company’s contacts base within Ukraine and Belarus (offices in Kiev and Minsk) is second-to-none, where we build deep client relationships; in Europe we are in constant talk with our partners - M&A boutiques and private equity firms.
Since September, 2009 Capital Times has became a member of M&A Europe - a network of M&A boutiques and leading M&A financial advisory firms with proven track-record and expertise, in the major European countries as well as of correspondents overseas.
