Private Equity Takes Action in Russia
Scandinavian private equity fund Mint Capital has invested in MONE, one of the leading Russian professional cosmetic chains, in a transaction that-according to a press release written by Mint’s law firm, Squire, Sanders & Dempsey L. L.P.-demonstrates the strong consumer and retail market in Russia’s major cities.
«Russia’s consumer market continues to expand and evolve as the amount of disposable income increases,» said Christopher A. Rose, Squire Sanders’ lead lawyer in the investment. «There are great opportunities for companies to invest in growth chains such as MONE, which guarantees clients a new standard of high level salon service.»
The investment will fuel MONE’s regional development; MONE plans to open 85-100 new salons in Moscow, St. Petersburg and other Russian cities with a population of more than one million people.