Ukrainian private equity firm Dragon Capital, is launching a new fund named the Europe Virgin Fund to provide private equity financing in Ukraine, Moldova and Belarus. The European Bank for Reconstruction and Development (EBRD) is considering investing up to USD 30 million in the fund, but will not exceed 25% of the fund’s total commitments.
Europe Virgin Fund
Europe Virgin Fund is being sponsored by Dragon Capital who will commence the fund’s financing with a minimum investment of USD 20 million. The target size of the fund has been placed at USD 100 million for final closing and will be managed by Dragon Global Advisors Ltd., a wholly-owned subsidiary of Dragon Capital.
The fund’s focus will include businesses involved in consumer goods, industrials, media, pharmaceuticals, retail, technology and telecom.
Dragon Capital (www.dragon-capital.ua)
Dragon Capital is Ukraine’s largest securities brokerage, investment banking, private equity and asset management firm offering a full range of service to institutional, corporate and private clients. Dragon Capital is the largest broker on the Ukrainian stock market, with a 34% market share in 2007. The Company has completed 20 IPOs and private placements for Ukrainian companies since 2005, raising USD 1.5 billion. Dragon’s asset management arm has nearly USD 1 billion under management.
Established in 2000, the company is an independent partnership controlled by management, with a small minority stake held by Goldman Sachs.
May 5, 2009
Central & Eastern Europe, Fundraising, Private Equity News, Ukraine