Investments
Current Investments
European Lingerie Group
European Lingerie Group AB is the parent company for Lauma Fabrics, a Latvian-based leading manufacturer of fabrics, laces and narrow bands for the lingerie industry, Felina International, a German-based lingerie group and Dessus-Dessous, the French market leader in online sales of lingerie.
• Lauma Fabrics was established 40 years ago to supply components for intimate apparel garment production. The company has been one of the most successful and profitable in production a wide assortment of products for ready lingerie garment producers in Eastern Europe, CIS and Russia.​
• Lauma Fabrics operates production facilities in Latvia and Germany. It also manufactures and distributes medical textiles under the brand name “Lauma Medical”.
• Felina, whose history dates back to 1885, manufactures and distributes lingerie under the brand names “Felina” and “Conturelle”. The Felina group operates a production facility in Hungary and its distribution network covers most of the European countries and serves over 6,500 dealers worldwide.
• Dessus-Dessous, headquartered in Lunel, France, specializes in online sales of luxury lingerie brands, including ELG owned Felina and Conturelle. The company has been leading the French online lingerie market since 2000, offering a selection of over 150,000 articles from over 50 brands.
• With the three companies, European Lingerie Group forms a vertically integrated structure with the combined revenue in excess of 70 million euros and a workforce of 1,250 people, which will serve as a platform for further consolidation in the market.
Selena Oil & Gas Holding​
Selena Oil & Gas Holding AB is a Swedish oil and gas company with assets in Perm region, Russia, formed in 2010.
• Perm region is located in European part of Russia, west of Ural. Perm is a region with highly developed infrastructure for oil and gas industry. Furthermore, established logistics are present and all elements of operations available in all seasons.
• Selena has 5 oil and gas fields with total 2P reserves amounting to 18.2 Mmboe.
• Selena has two producing oil fields with 5 wells in ownership, with forecasted production of 240 bbl of oil per day in.
• The strategy of Selena includes acquisition and launch of existing oil wells on the fields as well as new drilling. The development plan of the company is assessed as having low drilling risk and low drilling cost resulting in attractive investment payback of less than 2 years.
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Formation of Silvano Fashion Group​
In 2006 Mr Indrek Rahumaa and Mr John Bonfield carried out the formation and reverse acquisition of Silvano Fashion Group, international branded lingerie wholesales and retail company operating in the Baltics, Russia, Belarus, Ukraine and in other countries. The Group has a leading market position in lingerie sales in Russia.
• In 2007, subsequent to the company’s listing on Tallinn Stock Exchange the cross listing to Warsaw Stock Exchange was carried out successfully.
• Total sales of Silvano Fashion Group approximates EUR 100 million and in total company employs 2 200 employees.
• The investment was disposed off in 2009.
Investment into Latvijas Energoceltnieks (LEC)
In 2007 Equity Investors acquired Latvian energy and general construction company
Latvijas Energoceltnieks (LEC).
• LEC is specializing in power and infrastructure construction projects.
• One of the major project of LEC in the past has been re-construction of thermo electro stations (TEC) in Latvia.
• In December 2013 the commissioning of the second power unit of Riga TEC-2 after
reconstruction, replacing the obsolete cogeneration capacities from the 1970s with state-of-the-art facilities was executed.
• The new combined heat and power plant, constructed by LEC, is the most advanced in the Baltics and has a total electrical capacity of 832 MW. Investments in the reconstruction of the second power unit of TEC-2 amounted to EUR 310 million.
• Company’s sales approximates EUR 60 million and it employs around 200 employees.
Investment into Mieszko
In 2008 the Equity Investors acquired Polish confectionary company Mieszko.
• Mieszko is listed on Warsaw Stock Exchange.
• Annual sales of the company approximated EUR 50 million.
• The investment was disposed off in 2009.
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