Shareholder Change at TransFin-M Leasing Company

08 November 2019
The Blagosostoyanie Pension Fund and TFM-GARANT JSC have completed the largest transaction in the leasing market in recent years. TFM-Garant, representing Alexey Taycher and his partners, became the official owner of 100% share in TransFin-M PC.  The transaction, worth RUB 32.6 billion, was effected in the MBO (management buy-out) format, financed primarily with borrowed funds.  The sale applies to all assets of TransFin-M PC, including its subsidiaries.

Alexey Taycher comments: TransFin-M is a notable player in the leasing market, with stable credit ratings. The new team faces a daunting task of reinforcing the company’s position in key operating areas – financial lease and operation of railway rolling stock through subsidiaries. The company will also continue to finance coal mining machinery, port equipment, marine vessels, and other transportation facilities. This way we can focus on providing a comprehensive service, which we believe is the key to facilitating business development of our customers and the entire TFM Group. 
The Fund has a positive outlook towards the results of investing into TransFin-M PC: the sale of the company’s share has yielded more than RUB 7 billion in revenue. The decision to sell the shares was dictated by our strategy to reduce the share of direct investment in the Fund’s pension reserves portfolio, says Anatoly Milyukov, General Director of the Blagosostoyanie Pension Fund. “The money received from the sale will be invested in high-liquidity market instruments, allowing the Fund to diversify its pension reserves portfolio.

Shareholder Change at TransFin-M Leasing Company
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