Assets

United Panel Group
Producer of plywood and MDF

Undisclosed

PCG’s investment

2014 –
present

Project duration

Russia

Geographies

United Panel Group has three production facilities in the Komi Republic, Kirov Region and Udmurt Republic


The project objective is to financially rehabilitate the company which is among Russia’s top 5 producers of laminated plywood and MDF. Since 2009, the company faced bankruptcy several times, as it had a shortfall of working capital and was one of the least efficient enterprises in the sector.

As a major shareholder, PCG has, since December 2014:

Reached an amicable settlement with the company’s creditors
Raised bank financing in order to restructure the debts under the amicable settlement
Built a new management team
Reviewed and revised corporate governance principles
Optimised costs and business processes
Worked out a business development strategy

Role
PCG