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$37,000,000$14,300,000/EBITDA
Confectionery manufactorer

An established confectionery and chocolate manufacturing platform in Kazakhstan, positioned to serve growing domestic consumption and expanding export demand across Central Asia, Russia, China and other regional markets. The oppor ...

$37,000,000$14,300,000/EBITDA
$14,300,000
$20,000,000$6,920,000/EBITDA
Metal manufacturer for sale

Establishment of an industrial manufacturing facility for metal structures serving Kazakhstan’s construction and infrastructure markets, with potential to expand into regional export markets. The proposed project involv ...

$20,000,000$6,920,000/EBITDA
$6,920,000
$17,000,000$3,400,000/EBITDA
Leather & Wool Processing factory

An investment opportunity to establish a modern industrial processing platform for cattle and sheep hides, leather, gelatin feedstock and wool products in Kazakhstan. Kazakhstan has a substantial livestock base, extensive pasture ...

$17,000,000$3,400,000/EBITDA
$3,400,000
$12,000,000$14,900,000/EBITDA
Technical Oils company for sale

An attractive opportunity to develop a Kazakhstan-based industrial oilseed and technical oil production platform supplying feedstock for the rapidly expanding Sustainable Aviation Fuel (SAF) market. Kazakhstan offers significant a ...

$12,000,000$14,900,000/EBITDA
$14,900,000
$45,000,000$2,750,000/EBITDA
Brand-New Hilton Garden

Development of a branded Hilton Garden Inn hotel located in Almaty's most prestigious business corridors. The project is being developed as a modern 4-star hospitality complex under the internationally recognized Hilton Garden Inn ...

$45,000,000$2,750,000/EBITDA
$2,750,000
$158,000,000$25,000,000/EBITDA
Data center for sale
Kazakhstan | Data Centers | L#20261096

Construction of a Tier-3/4 Data Center for High-Performance Computing (HPC), AI clusters, or industrial mining. Technical Parameters & Infrastructure Land Area: 2.9 hectares, with confirmed potential for future territo ...

$158,000,000$25,000,000/EBITDA
$25,000,000
$10,000,000$13,600,000/EBITDA

The Hydroelectric Project represents a premier, high-yield renewable energy asset strategically situated in the water-abundant mountainous region of southern Kazakhstan. Currently at the Ready-to-Build (RTB) stage, this 50MW run ...

$10,000,000$13,600,000/EBITDA
$13,600,000
$120,000,000$3,930,501/EBITDA

The company is a vertically integrated wine, sparkling wine, and cognac producer with a nationwide distribution network and owned production assets across key wine-growing regions of Kazakhstan. The Group combines large-scale pro ...

$120,000,000$3,930,501/EBITDA
$3,930,501
$36,000,000$17,000,000/EBITDA

An exclusive opportunity to acquire a strategically located private railway depot/terminal with long-term lease contracts and a stable forecasted revenue, located in Atyrau — a strategically important energy hub of the Caspian r ...

$36,000,000$17,000,000/EBITDA
$17,000,000
property

Confectionery & Chocolate Manufacturing Platform

EBITDA

$14,300,000

Gross

$91,500,000

Price

$37,000,000
property

Metal Structures for Construction & Infrastructure

EBITDA

$6,920,000

Gross

$26,810,000

Price

$20,000,000
property

Integrated Leather, Gelatin & Wool Processing Opportunity

EBITDA

$3,400,000

Gross

$21,500,000

Price

$17,000,000
property

Technical Oils for Sustainable Aviation Fuel (SAF) Production

EBITDA

$14,900,000

Gross

$18,700,000

Price

$12,000,000
property

Brand-New Hilton Garden Inn Hotel

EBITDA

$2,750,000

Gross

$4,750,000

Price

$45,000,000
property

40 MW Off-Grid Power Site & Data Center Development

EBITDA

$25,000,000

Gross

$35,000,000

Price

$158,000,000
property

50MW Ready-to-Build (RTB) Hydroelectric Asset featuring a 240 GWh secured by a GOV Power Purchase Agreement (PPA)

EBITDA

$13,600,000

Gross

$15,600,000

Price

$10,000,000
property

Leading Integrated Producer of Wine, Sparkling Wine & Cognac

EBITDA

$3,930,501

Gross

$14,299,953

Price

$120,000,000
property

Operational Commodities Logistics and Railway Depot/Terminal

EBITDA

$17,000,000

Gross

$35,000,000

Price

$36,000,000

Businesses for sale in Kazakhstan

Kazakhstan, the largest landlocked country, unfolds its vast landscapes and cultural richness in the heart of Central Asia. Nur-Sultan, the futuristic capital, showcases modern architecture against the serene Ishim River. Almaty, the former capital, nestled in the Tien Shan mountains, combines Soviet-era charm with a cosmopolitan vibe. The Charyn Canyon's red rock formations and the surreal landscapes of the Singing Dunes add a touch of natural grandeur. Kazakhstan's nomadic heritage resonates in traditions like eagle hunting on the steppes. With a tapestry of diverse ethnicities and a commitment to space exploration, Kazakhstan invites exploration into a realm where history, nature, and innovation converge.

An established confectionery and chocolate manufacturing platform in Kazakhstan, positioned to serve growing domestic consumption and expanding export demand across Central Asia, Russia, China and other regional markets. The opportunity combines an established manufacturing base with access to locally available agricultural inputs, established distribution channels and potential for capacity expansion and product diversification.

KEY INVESTMENT HIGHLIGHTS

Established Manufacturing Base Operating confectionery and chocolate production platform
Diversified Product Portfolio Chocolate products, confectionery, bakery and flour-based products
Strategic Location Kazakhstan provides access to Central Asian, Russian and Chinese markets
Domestic Market Established consumption base with continued production and demand growth
Export Potential Growing exports of confectionery and chocolate products
Raw Material Access Local availability of wheat, sugar and other agricultural inputs
Expansion Potential Opportunity to increase production volumes and broaden the product portfolio
Investment Support Kazakhstan provides various industrial investment incentives, subject to eligibility

PLATFORM OVERVIEW

The platform operates within Kazakhstan’s confectionery and chocolate manufacturing sector, covering product categories including:

The underlying industry material identifies chocolate products under HS 1806 and bakery/confectionery products under HS 1905.

HS Code Product Category Product Description
1806 Chocolate & Cocoa Products Cocoa powder with added sugar or other sweeteners
1806 Chocolate & Cocoa Products Other prepared products in blocks, slabs or bars, weighing ≤ 2 kg
180631 Chocolate & Cocoa Products Chocolate and chocolate products, filled, in blocks, slabs or bars
180632 Chocolate & Cocoa Products Chocolate and chocolate products, without filling, in blocks, slabs or bars
180690 Chocolate & Cocoa Products Other chocolate products and prepared products containing cocoa, including candy, dragees, pastes, spreads, etc.
1905 Bakery & Confectionery Products Crispbread
190520 Bakery & Confectionery Products Ginger biscuits
190531 Bakery & Confectionery Products Sweet biscuits with cocoa
190532 Bakery & Confectionery Products Sweet biscuits other than with cocoa
190540 Bakery & Confectionery Products Rusks, toasts and similar products
190590 Bakery & Confectionery Products Other bakery and flour confectionery products, including waffles, cakes, pastries, muffins, gingerbread, etc.

MARKET OPPORTUNITY

Kazakhstan has an established confectionery manufacturing base and access to significant agricultural raw materials, including wheat, sugar and other ingredients used throughout the industry. The broader domestic confectionery market is estimated at approximately US$3–4 billion annually, with bakery and flour products representing approximately 55% and sweets/chocolate approximately 45%.

Production of confectionery and chocolate products has demonstrated growth, while exports have also expanded, supporting the opportunity for further regional market penetration.

REGIONAL EXPORT ACCESS

Kazakhstan’s geographic position provides access to several major consumption markets:

Russia | Uzbekistan | China | Kyrgyzstan | Mongolia

The industry materials also identify growing import demand across Central Asia, the Middle East and Asian markets, creating potential channels for additional export development.

RAW MATERIAL & COST BASE

Kazakhstan provides a meaningful agricultural raw-material base for confectionery manufacturing.

The country has substantial wheat cultivation and sugar-beet production, although the industry remains partly dependent on imported sugar due to domestic processing constraints.

This creates potential for further vertical integration and sourcing optimisation as domestic processing capacity develops.

VALUE-ADDED MANUFACTURING

The industry analysis highlights significant value creation through downstream processing.

Indicative value-added examples include:

Wheat → Flour → Flour Mix → Biscuits

with further value creation through higher-value products such as wafers and chocolate. The source material gives an indicative value of approximately US$7,088/t for chocolate, compared with approximately US$2,189/t for biscuits.

This supports the strategic rationale for expanding into higher-value branded and chocolate categories

Metric ($M) Base (Y0) Year 1 Year 2 Year 3 Year 4 Year 5
Total Volume (k MT) 25.0 28.0 33.0 38.0 40.0 40.0
— Chocolate Products (HS 1806) 7.5 9.2 12.2 15.6 17.6 18.0
— Bakery & Biscuits (HS 1905) 17.5 18.8 20.8 22.4 22.4 22.0
Gross Revenue $91.5 $106.4 $132.0 $159.6 $173.8 $180.8
Cost of Goods Sold (COGS) ($56.7) ($64.9) ($79.2) ($94.2) ($100.8) ($103.1)
Gross Profit $34.8 $41.5 $52.8 $65.4 $73.0 $77.7
Gross Margin (%) 38.0% 39.0% 40.0% 41.0% 42.0% 43.0%
SG&A & Regional Distribution ($16.5) ($18.6) ($22.4) ($26.3) ($27.8) ($28.9)
EBITDA $18.3 $22.9 $30.4 $39.1 $45.2 $48.8
EBITDA Margin (%) 20.0% 21.5% 23.0% 24.5% 26.0% 27.0%
D&A ($4.0) ($5.2) ($6.8) ($7.5) ($7.5) ($7.5)
EBIT $14.3 $17.7 $23.6 $31.6 $37.7 $41.3
Net Interest Expense ($1.2) ($1.5) ($1.3) ($1.0) ($0.6) ($0.3)
EBT $13.1 $16.2 $22.3 $30.6 $37.1 $41.0
Income Tax Provision (15%) ($2.0) ($2.4) ($3.3) ($4.6) ($5.6) ($6.2)
Net Income $11.1 $13.8 $19.0 $26.0 $31.5 $34.8
Informational & Illustrative Purpose Only: The preceding financial projections, valuation estimates, unit economics, and investment metrics (including EBITDA, IRR, MOIC, and Free Cash Flows) are prepared solely for illustrative, educational, and conceptual evaluation. They do not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to acquire any security, platform, asset, or equity interest in any jurisdiction.
No Advisory Relationship: This material does not constitute financial, investment, legal, tax, accounting, or regulatory advice. It has been prepared without regard to the specific investment objectives, financial situation, risk tolerance, or particular needs of any individual investor or corporate entity. You should consult independent legal counsel, certified public accountants, and qualified financial advisors prior to executing any transaction or committing capital.
Forward-Looking Statements & Model Sensitivity: Projections and forecasts are inherently speculative and subject to significant business, operational, and macroeconomic uncertainties. Actual operational outcomes, commodity prices (e.g., cocoa, sugar, wheat), packaging costs, currency exchange fluctuations (e.g., USD/KZT, USD/RUB, USD/CNY), logistics expenses, and capital expenditure requirements may differ materially from the modeled assumptions. Past performance and pro-forma targets provide no guarantee of future returns.
Regional & Geopolitical Risks: Operations within Kazakhstan and cross-border distribution across Central Asia, the Eurasian Economic Union (EAEU), China, and adjacent territories carry specific jurisdictional risks. These include, but are not limited to, trade policy adjustments, customs friction, foreign exchange controls, regional sanctions regimes, supply-chain interruptions, and regulatory shifts governing industrial incentives and special economic zones.
Absence of Warranties & Independent Verification: No representation, warranty, or undertaking—express or implied—is given as to the accuracy, completeness, or reasonableness of the underlying data, assumptions, or calculations. Market figures (e.g., domestic market size, export values, HS trade code realizations) are based on indicative industry estimates and have not been independently audited or verified.
Limitation of Liability: To the fullest extent permitted by applicable law, neither the author nor any affiliated parties accept any liability whatsoever for any direct, indirect, consequential, or incidental loss or damage arising from any use of, or reliance placed upon, the information, models, or projections presented herein.

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