RDIF, CDC IC and Orpea sign an agreement on cooperation in medical rehabilitation in Russia
St. Petersburg, 24 May 2018 - The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) and CDC International Capital (CDC IC) have announced, as part of the Russian-French investment platform, a partnership with Orpea, France’s leading company in the field of medical rehabilitation. According to the agreement, the parties intend to identify attractive investment opportunities to launch private rehabilitation centres in Russia. A corresponding agreement was signed today at the St. Petersburg International Economic Forum in the presence of Russian President Vladimir Putin and French President Emmanuel Macron.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“The establishment of rehabilitation centres is a socially significant project. This is part of long-term social support, which we are implementing as part of RDIF’s investment strategy. We are excited to work with our French partner CDC International Capital and Orpea, European leader in global dependency, long-and medium-term physical and psychiatric care. Orpea’s expertise will help in establishing and improving the system of medical rehabilitation in Russia.”
Laurent Vigier, CEO of CDC International Capital (CDC IC), said:
“We welcome this partnership with Orpea in the context of our co-investment platform with RDIF. Orpea’s leading positioning and know-how in the long-term dependency care associated to the strong expected growth of the Russian market over the coming years offer a promising investment opportunity in a strategic sector for CDC International Capital and RDIF.”
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at rdif.ru
CDC International Capital is a subsidiary of Caisse des Dépôts which is dedicated to direct investments alongside sovereign funds and other large international institutional players. CDC Capital International is also involved in various asset classes that meet the needs of the French economy and the expectations of its partners. Using these vehicles, CDC International Capital manages the capital share of Caisse des Dépôts and is responsible for the selection and monitoring of its investments alongside its partners. For more information about CDC International Capital please visit http://www.cdcicapital.fr
ORPEA - since its creation in 1989, ORPEA has expanded rapidly to become a world leader in long-term care (nursing homes, post-acute and rehabilitation hospitals, psychiatric hospitals, and homecare services). ORPEA has today a network of 854 facilities representing 86,757 beds in 13 countries in Europe, China and Brazil. ORPEA recorded 2017 revenues of more than €3.1b.
With 55,000 employees, ORPEA’s mission is to provide the highest standard of quality of care, services and accommodation to its residents and patients all over the world.
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Hayes / Yulianna Vilkos
Tel: +44 (0) 20 7796 4133