Essedel Russia Opportunity Fund has made an investment in Nash Xleb Bakery Group to acquire 16,7% share in the Group immediately after the transaction.

Nash Xleb Bakery Group makes and sells branded high quality bakery and related food products mainly through its own retail network and wholesale channels. Company retail operations are executed under licensed international Le Pain Quotidien brand as well as its own Nash Xleb brand and is currently operating 27 retail units in Moscow. In addition to this the Company owns a large production facility in Moscow. 

The Nash Xleb Bakery Group is one of the largest premium bakery chain operators and producers in Moscow serving over 40 000 customers per week (2,5 million annually) and has production output of 20 000 kg per week and employs approximately 900 employees. 

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