PRINT THIS PAGE GIMV, KBC establish joint investment vehicle for Russia12/02/2008. Source: AltAssets. 
Belgian private equity firms GIMV and KBC Private Equity have teamed up to establish a new firm, Eagle Capital Partners, to target the Russian market. The firms are planning to invest around €10m each per year over the next three years. Eagle Capital Partners will target mid-sized Russian companies in sectors including food and beverages, personal and household care, leisure, building materials, packaging, pharmaceuticals, retail and distribution, telecoms and engineering.
This follows KBC's recent expansion of its private equity activities in Central and Eastern Europe. Last year, the firm acquired Moscow-based commercial bank Absolut Bank. KBC operates from offices in Brussels, Warsaw, Prague, Budapest and Bucharest.
For GIMV, Eagle Capital Partners is a follow-up to the Eagle Russia Fund it launched in 2006.
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