Russia-China Investment Fund supports IPO of Detsky Mir
The Russia-China Investment Fund (RCIF) was established by the Russian Direct Investment Fund (RDIF) and the China Investment Corporation (CIC).
Detsky Mir is the leading children’s goods retailer in Russia. This IPO is the first exit from an investment for RCIF.
RCIF has been instrumental in the deal’s success – both prior to, and during the transaction. RCIF supported the Company’s growth leading up to the IPO and contributed to enlarging its shareholder base.
RDIF also attracted its international partners to the transaction, including leading Middle Eastern, European, Asian and US investment funds.
As a result of the deal, RCIF has sold part of its shareholding in Detsky Mir.
Through the sale stake, RCIF has achieved a significant exit yield on an investment and has contributed to the increased liquidity of Detsky Mir’s shares for new shareholders.
RCIF has confidence in the company’s growth prospects and so will remain the second largest shareholder in Detsky Mir.
The Fund will continue supporting Detsky Mir in leveraging new business opportunities, including internationally. ■