Our firm is global and our expertise is cross-sector. We are dynamic and agile in deploying capital for strategic opportunities. We invest time and capital working with best practice partners to realise the value of these opportunities by completing successful exit strategies.
MILESTONE INVESTMENTS
2009
SECTOR: Oil & Gas
COMPANY: Indago Petroleum
SOLD TO: Mirabaud
Meridian Capital Limited acquired a 69% stake in oil and gas exploration and production company Indago Petroleum in 2005. In the same year, Indago successfully completed a USD$120mln public offering on the AIM Market of the LSE. In 2007, it sold all of its production and development assets in the UAE, retaining the exploration acreage in Oman. In 2009, Meridian successfully completed its exit from this investment.
2012
SECTOR: Real Estate
COMPANY: Galeria, St Petersburg Russia
SOLD TO: Morgan Stanley Real Estate Fund
In St Petersburg, Meridian Capital Limited is responsible for the prize-winning development of the iconic Galeria Shopping Mall, located in the heart of St Petersburg on the juncture of the city’s most famous thoroughfare Nevskii Prospekt. The shopping and entertainment centre was developed from the ground up. It opened in November 2010 with 250 stores. The shopping centre incorporated 7 floors with a total buildable area of 192,000m2. Galeria transformed the shopping experience in St Petersburg and quickly became the city’s most visited mall, helping to create jobs and generate wealth. In 2012, after full lease-out of the building, Meridian sold it to the Morgan Stanley Real Estate Fund (MSREF). This was reported to be one of the largest real estate transactions in CEE and FSU Region.
2016
SECTOR: FMCG / Dairy
COMPANY: Unimilk
EXITED TO: Danone
During the period 2005-2010, Meridian Capital Limited provided the fast growing Russian dairy producer, Unimilk, with development and acquisition capital and partnered with its founders to create what became the second largest player in the Russian dairy market and one of the leading producers in Ukraine. In 2010, Unimilk merged with Danone’s Fresh Dairy Products business in the CIS area, creating the largest dairy manufacturer in Russia and other Former Soviet Union countries. In 2016, Meridian successfully exited from its remaining interest in the investment.
2019
SECTOR: INFRASTRUCTURE
COMPANY: Novaport Holdings
SOLD TO: Aeon Corporation
Novaport Holding is one of the largest regional airport operators in Russia and has led Russia’s drive to enhance regional connectivity across the country’s vast geography and multitude of time zones. This includes 14 regional airports in Novosibirsk, Chelyabinsk, Volgograd, Tomsk Astrakhan, Chita, Tyumen, Perm, Murmansk, Kemerovo, Kaliningrad, Mineralnye Vody, Ulan-Ude, Vladikavkaz, Barnaul and Stavropol airports. Meridian Capital Limited exited its 50% shareholding of Novaport in late 2019 to fellow shareholder Aeon.
