Lancaster Group was founded in 2003 by four friends and business partners who had known each other for more than 20 years. These founding shareholders are still the Group’s shareholders today: a fact that speaks of the enduring values of continuity and trust that Lancaster Group engenders within its organization and with its partners.
Nurlan Kapparov, Erbolat Dossaev, Berik Kaniyev and Yuri Pak were among Kazakhstan’s first entrepreneurs after the country gained independence in 1991. Friends from school days, they established a number of synergistic businesses in the 1990s and early 2000s before deciding to pool their assets, expertise, contacts and experience into the formation of Lancaster Group in 2003.
In 1990, prior to holding government office, Nurlan Kapparov founded Accept Corporation, which under Kapparov’s guidance and Dossaev’s successful management developed into one of the leading holding companies in Kazakhstan, negotiating the sometimes choppy business waters of the emerging market economy in the 1990s and establishing invaluable connections within and outside the country. By 1997, Accept Corporation owned and managed over forty companies in the telecommunications, agriculture, consumer goods, wholesale, retail and services sectors.
Over the same time period, Berik Kaniyev and Yuriy Pak founded Kazneftecom, which they grew into one of the biggest oil products distributors in Kazakhstan, and KBK, a prominent investment group.
Around this time, the Government of Kazakhstan was inviting successful entrepreneurs to participate in the management of state companies. Nurlan Kapparov became President of the oil transportation company KazTransOil in 1997, and subsequently head of the national oil and gas company KazakhOil (now KazMunaiGas) in 1998. He then served as Deputy Minister of Energy and Mineral Resources of the Republic of Kazakhstan. Kapparov spent a total of four years working in the government and national companies from 1997-2001. Ten years later, he would be called to government again to serve as Minister for Environment Protection of Kazakhstan and subsequently as president of national nuclear company KazAtomProm.
Erbolat Dossaev was also invited to work in the government during the late 1990s. He spent over nine years holding a number of high-level positions including Minister of Finance and Minister of Health of the Republic of Kazakhstan.
Berik Kaniyev served as Vice-president of KazakhOil and Advisor to the Prime Minister of the Republic of Kazakhstan between 1998 and 1999, while Yuriy Pak held the position of Head of Department in Kazakhoil.
In 2003, Nurlan Kapparov, Berik Kaniyev and Yuriy Pak consolidated their business positions into one holding by disposing of non-core assets, joining forces by merging assets and developing new and prospective companies under common management and with a single vision. This led to the formation of Lancaster Group.
Later, in 2006 Erbolat Dossaev was invited by the three shareholders to join Lancaster Group as an equal partner and a member of the Board of Directors. Like Kapparov, Dossaev was called back to government in 2011, and now holds the position of Minister of National Economy of Kazakhstan.
Over ten years since its founding, Lancaster Group has grown into a large diversified holding company and has established strong international partnerships with industry leaders from Italy, England, France, Turkey, Japan and other countries.
The company has gained a solid presence in the key segments of business with the highest upside potential, including financial services, mining, infrastructure, oil & gas services, private equity investments and real estate. Most importantly of all, the shareholders and directors of Lancaster Group have a national and international reputation for vision, trustworthiness, and action, which has been translated into the continued growth and success of the group itself. It is reflected in the company motto: Success through trust.
© Lancaster Group, 2021
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