Sean Glodek, director at the Russian Direct Investment Fund, made the following comments at the SALT conference in Singapore today.
“We just closed a transaction investing in a health-care clinic network in Russia, focusing on pregnancy delivery as well as prenatal issues. You can charge very high prices for delivering quality service and attracting people who would travel outside of Russia to get quality health care to now stay in Russia. That’s a booming market. The margins are very high, the growth is meaningful, double digit.”
“What’s more important for us as a private-equity fund is investing in brick-and-mortar businesses. I know there are over 300 companies, privately owned, that have over a billion dollars in revenue in Russia.”
To contact the reporter on this story: Klaus Wille in Singapore at email@example.com
To contact the editor responsible for this story: Andreea Papuc at firstname.lastname@example.org