Georgia Capital

LN: CGEO

Market Cap£303.5m

Last Close 640p

Georgia Capital focuses on scalable private equity opportunities in Georgia. These opportunities have the potential to reach at least GEL0.5bn equity value over the next three to five years and the company can monetise investments through exits as investments mature.

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Investment summary

Georgia Capital (GCAP) posted a 13.2% NAV total return (TR) in local currency terms in H121 (15.2% in sterling), driven by an improved operating performance across its private holdings (assisted by Georgia’s 12.7% y-o-y real GDP rebound in H121), a c 10% rise in the Bank of Georgia’s share price and appreciation of the Georgian lari versus the US dollar. GCAP continues to focus its new investments on the education and renewable energy sectors. It recently announced a school acquisition and the opening of another campus in the affordable education segment, which will expand its capacity from 3,500 to 5,300 learners from September 2021.

Content on Georgia Capital
Georgia Capital – Value creation on the back of macro recovery
Investment companies | Review | 13 September 2021
Georgia Capital – Solid positive revaluations in Q420
Investment companies | Review | 5 March 2021
Georgia Capital – A private equity play on Georgia
Investment companies | Initiation | 8 December 2020
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Share price graph
Price performance
%
1m
3m
12m
Actual 4.9 (4.1) 50.9
Relative* 3.6 (5.4) 22.6
52-week high/low 720.0p/370.0p
*% relative to local index
Key management
Irakli Gilauri Chairman & CEO
Giorgi Alpaidze CFO
Nini Rekhviashvili Head of IR and Funding