At the office of Pravdinskaya Geological Prospecting Expedition (Gornopravdinsk, KMAO, Russia) negotiations were carried out between shareholders of the Expedition, representatives of the International Corporation “SMOLENTSEV & Partners” and an investment fund CapMan. Goal of the negotiations were to determine mutual interest in developing business of PGPE via directly investing and enhance business development through implementing modern techniques of production and management. These actions will allow stable and long-term growth of the company, increase business’s efficiency and strengthen the strategic leadership of PGPE on the market of geological prospecting and services in the oil sphere. The parties have decided on continuation of mutual consultations to develop an agreement position. CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages funds with approximately ˆ3.6 billion in total capital. The CapMan team comprises 150 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. The B shares of CapMan Plc are listed on Helsinki Stock Exchange since 2001. CapMan manages altogether 20 private equity funds, out of which 14 equity funds, three mezzanine funds and three real estate funds.
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