Salford Capital Partners Inc. Provides Clarification of Its Operations in Georgia

In the events of the past 3 weeks companies controlled by Salford Capital Partners Inc. (“Salford”) and its representative office, Salford Georgia (“Salford Georgia”), and its employees have been subjected to an ongoing systematic economic and personal harassment by various branches of the Georgian Government. Representatives for Salford believe that this is due to the perception by the Georgian Government that Salford and its controlled companies are fully owned and controlled by Mr. Partarkatsishvili and have been used to actively support his political aspirations.

In order to clarify this we wish to provide a clear explanation of Salford and its operations in Georgia and its relationship with Mr. Partarkatsishvili.

Salford is an international private equity firm that focuses on investments in CEE and CIS. Salford has offices in Moscow, Tbilisi, Kiev Belgrade and London and employees approximately 35 professionals globally.

Salford is 100% employee owned and a large majority of Salford’s executive management team are US or European nationals with educational and professional credentials from blue chip universities and companies including; Harvard, Cambridge, Dartmouth, Berkeley, IMD, Merrill Lynch, UBS Warburg, McKinsey & Co, Fidelity and Templeton etc.

Mr. Partarkatsishvili does not, (and never has) hold a direct or indirect beneficial financial interest in Salford nor does he participate in the management of Salford.

Salford’s advisory board members include Lord Bell (Chairman of Chime Communications Plc, Dr. Klaus Mangold (Former Vice Chairman Daimler Chrysler and Former Chairman Daimler Chrysler Financial Services) and Philip von Stauffenberg (CEO Solidus and former senior executive with Hicks Muse Furst & Tate and Warburg Pincus, two of the worlds leading private equity firms).

With US$750 million in fully invested equity capital under management, Salford is one of the largest private equity firms in the CIS/CEE region. Salford has invested in and controls several market leading companies; some of which have been subject to business school case studies by Harvard Business School and IMD. Additionally Salford has been responsible for arranging over US$250 million in debt financing from leading European financial institutions.

Salford Georgia is the Georgian representative office of Salford Capital Partners Inc. and its managing director is Mr. Irakli Rukhadze. Mr. Rukhadze is a US citizen with a very distinguished professional and educational background, which includes five years with McKinsey & Co and an MBA from Tuck School of Business at Dartmouth.

In Georgian companies fully controlled and managed by Salford (eg. Standard Bank and Georgian Glass and Mineral Water Company), Mr. Partarkatsishvili has no voting rights or participation in management.

Of the total equity in Georgia managed by Salford and Salford Georgia, approximately 60% is allocated to international private and institutional investors, company managers and Salford executives.

Article Source: http://www.share.onlypunjab.com

For more information visit www.salfordcapital.com.

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