CapMan Russia, Gimv Back Expert Photo

The CapMan Russia Fund and Belgian-based firm Gimv have backed Russian photo services company Expert Photo with an undisclosed amount of growth capital. Expert Photo is a 16-year-old provider of online and offline photo printing services. The infusion of cash will help Expert Photo strengthen its position in Russia. Following the deal, the CapMan Russia fund and Gimv will each own 19% of the company. CapMan Plc and Gimv are both major investors in the CapMan Russia Fund.

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