Advent UK News Letter
- N° 36 -
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Dear Subscribers ,
ADVENT UK > Paris Office is on stand by > 20.06.2005 to 30.06.2005 – we’re off to Russia in force.
ADVENT UK is on a major business visit to RUSSIA, let us know now if you want to develop projects today in this country with real opportunities ...
Russia has a wonderful culture and rich history. Its people are feeling their way in the newly commercialised world in which they now find themselves. We are not only taking European companies to Russia to open their markets, but Russian industrial companies are also looking to the West. We have had our successes and will now build the next raft of business.
We have recently secured and concluded the acquisition of a Russian insurance company by a foreign financial services corporation, we have opened the Russian steel market for an American steel conglomerate, we are slowly pushing a European water purification giant into Russian markets.
We have several Russian “medium sized” banks, insurance companies, property companies and industrialists who are looking for strategic partners, investors, JVs, or to sell stock – it’s all happening in Russia, that’s for sure. Obviously the heavyweights do not need us, they are with KPMG/Deloitte/Coopers etc., but the medium business (which can be the same size as a European heavyweight!) has not yet had access to European opportunities.
Many heavyweight Russian industrialists (the so called Oligarchs) have built vast fortunes from various state industries which they took over when Communism collapsed. There has been a period of “The Wild East” – imagine all those movies you saw about California at the turn of the nineteenth century (good sherrif/bad mayor, good goldmine developer/bad railway developer etc) and put them in the Russian context of the early 1990s, and you have the picture.
The young generation are moving fast, and being very well educated in the USA and Europe, they are learning to develop the business and entrepreneurial skills which were lost during the dark years of the Communist system. The older generation at the head of their businesses are the most cautious, but when you get to know them and hear their storis of how they managed the transition from state owned to commercial companies with no business models to follow, you can only admire their courage and creativity.
See you when we get back
All the best
The Advent UK team
ADVENT UK LIMITED
13 Salisbury House,
3 Drummond Gate,
LONDON SW1V 2HJ
GREAT BRITAIN
Tel. (44) 207 801 3080
Fax (44) 207 691 7969
Representative Office:
15 rue Clément Bayard
92 300 Levallois - FRANCE
Tel. + 33 (0)1 47 48 91 97
Fax. + 33 (0)1 47 48 02 22Representative Office:
Association NORTH-WEST, Russian Federation
3 Smolny Street
193311 Saint Petersburg - RUSSIA
