News

Acting as an advisor in relation to acquisition of Galen composite construction materials producer

APRIL 14, 2017 — Altus Capital investment banking division acted as a buyer's business and legal advisor in relation to a successfully closed deal involving acquisition of a 100% stake in Galen, Russian composite construction materials producer, from GC «Osnova» and RUSNANO JSC. The parties do not disclose the deal amount.

Altus Capital coordinated the processes of preparation and structuring of the deal, and arranged and assisted in its signing and closing thereof.

Altus Capital team plans to continue cooperation with the new owner of Galen, perspective Russian composite construction materials production business, to ensure its further growth and development, as well as to expand the sales geography and establish sales channels for finished products both in Russia and abroad, and gradually transform Galen into an international company.

Galen is a Russian developer and manufacturer of modern composite materials from basalt plastic and fiberglass for industrial, civil and road construction, mining and power generation. Galen is the leader of the domestic market of basalt-plastic construction materials, and the largest exporter in this sector.