Sandzhar Zhunusov

Lancaster Invest is an active, medium-term manager which invests mainly in established innovative businesses in a range of sectors including media, pharmaceuticals, IT services, mining and construction. Their geographic focus is on Kazakhstan. The firm participates in investments as an asset management firm, investing their funds under management, or as an investment firm investing directly in the capital of an investee company. They seek to invest in unlisted companies and limited liability partnerships with steady cash flows and high growth potential that can be realized in two to five years. The minimum amount of investment for projects in Kazakhstan is USD 3 million. Lancaster Invest takes significant minority stakes in their investee companies so they can participate in decision-making at boards of directors' meetings. They participate in a range of transactions including acquisitions of undervalued enterprises with growth potential, LBOs of significant share packages, funding of growth strategies through consolidations and add-on acquisitions, corporate restructurings and purchases of distressed companies. The firm's board of directors make the investment decisions. They seek to exit their investments through sales to strategic investors or IPOs when assets are fully priced or the potential for growth in the market is limited.