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Advance Capital is pleased to announce the sale of a 50% stake in Parus electro, a leading manufacturer of electrical engineering equipment, to a strategic investor.

The deal is a landmark both for the company and for the electric charging equipment market as a whole. The involvement of a strategic investor will enable Parus electro to expand the production of electric vehicle charging stations, uninterruptible power supply systems, and grid-scale solar inverters. The Parus electro team will contribute its expertise to the strategic investor in support of programs aimed at developing electric charging infrastructure and building import-substituting manufacturing capabilities.

Maxim Uryash, Partner and Executive Director at Advance Capital:

“This deal marks an important milestone for the Russian electrical engineering equipment market. It highlights the significant growth potential of the sector and demonstrates the readiness of strategic players to expand their industry expertise. We are confident that the know-how and experience accumulated by Parus electro, combined with the resources and capabilities of the strategic investor, will take the company to a new level, enabling it to compete successfully with both domestic and international manufacturers of similar equipment.”

Advance Capital acted as the exclusive financial advisor to Parus electro.

The deal value is not disclosed.