Naftrans

Operator of the Batumi oil terminal in Georgia
  • Invested: 2003
  • Part Exit: 2008
  • Size of Investment: USD 30 m
  • Multiple on Investment: 1.8x
  • IRR: 25%
Alini-Romanov Dvor

Class A office and retail buildings in central Moscow
  • Invested: 2003
  • Exit: 2008
  • Size of Investment: USD 7.7 m
  • Multiple on Investment: 4.6x
  • IRR: 58%
Bravo International

St. Petersburg based brewery, sold to Heineken
  • Invested: 2000
  • Exit: 2002
  • Size of Investment: USD 4.5 m
  • Multiple on Investment: 3.3x
  • IRR: 83%

Redberry Resources

Azerbaijani steel smelter
  • Invested: 2004
  • Exit: 2006
  • Size of Investment: USD 1.3 m
  • Multiple on investment: 2.0x
  • IRR: 25%

Sarnatus Trading

Retail developer and owner of Mosmart hypermarket and supermarket chain
  • Invested: 2004
  • Exit: 2007 (remained with Growth Value Opportunities SA after ENR reorganisation)
  • Size of Investment: USD 29.0 m
  • Multiple on Investment: 2.5x
  • IRR: 38%
Syktyvkar Forest Enterprise

Major integrated pulp & paper business, sold to Anglo American
  • Invested: 1997
  • Exit: 2002
  • Size of Investment: USD 2.6 m
  • Multiple on Investment: 7.3x
  • IRR: 56%

Troika Dialog

The oldest full service Russian investment bank
  • Invested: 1999
  • Exit: 2006
  • Size of Investment: USD 3.6 m
  • Multiple on Investment: 9.2x
  • IRR: 43%
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