RDIF and partners announce new investment in Cotton Way

Press release, 06.12.2019

RDIF and partners announce new investment in Cotton Way

Moscow, December 6, 2019 - A consortium of investors, including the Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund), KGAL GmbH & Co. KG, a German investment group and leading sovereign wealth funds from the Middle East announce a RUB 1bn investment in Cotton Way - an RDIF portfolio company. Cotton Way is the market leader for rental and professional handling of textiles in Russia. 

Cotton Way will use the investment from RDIF and partners to support current operations and fund further expansion. In particular, Cotton Way plans to construct a production complex in Khimki of 9,000 square meters and with a capacity of up to 120 tons of textile products per day. The facility will supply services to Russian Railways, healthcare facilities in the Moscow Region, as well as fitness clubs.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:

“Cotton Way is the leader in the Russian market for the rental and handling of textiles, and demonstrates high-level sustainable resource management. Additional investment by RDIF and partners will strengthen the positive trajectory of Cotton Way’s business and enable its expansion in this market and of its broader production capabilities.” 

 

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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. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than RUB1.5 tn and covering 95% of the regions of the Russian Federation. RDIF’s portfolio of companies employs more than 800,000 people and generates revenues which equate to over 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40 bn. Further information can be found at www.rdif.ru

KGAL GmbH & Co. KG is a leading independent investment and asset manager with an investment volume of €20.5 bn. Its investment focus is on long-term capital investments for institutional and private investors in the real estate, infrastructure and aircraft asset classes. The Group was founded over 50 years ago, operates globally and has its registered office in Grünwald near Munich, Germany.

Cotton Way is the Russian market leader for rental and professional handling of textiles. Cotton Way invests in the creation of regional networks of high-performance and energy efficient laundry factories. In 2014 the company opened the ‘Olympic’ production and logistics complex in Sochi. In 2017 it launched the first factory in Russia specializing in laundry and sterilization of textiles for medical institutions.

For additional information contact:

Arseniy Palagin                                     Maria Shiryaevskaya / Andrew Leach

Russian Direct Investment Fund              Hudson Sandler

Press Secretary                                        Tel: +44 (0) 20 7796 4133 

Tel: +7 495 644 34 14, ext. 2395

Mobile: +7 916 110 31 41

E-mail: arseniy.palagin@rdif.ru