C iting a very successful investment over the last several years, Eastern European private equity firm Horizon Capital has exited Natur Bravo, selling its controlling stake to a group of private investors. The sale of the stake, which was owned by Horizon’s Emerging Europe Growth Fund LP, marks the second exit for the fund since its 2007 close.
Natur Bravo (www.naturbravo.md)
Natur Bravo JSC began in 1962 as a canning operation the Moldovan city of Floresti. Today it is the nation’s largest processor of fruits and vegetables and one of Moldova’s leading exporters. The company produces more than 40 products at its two facilities in Floresti and Cupcini including canned fruits and vegetables, fruit drinks, vegetable pastes, and purees.
Company headquarters are located in the capital city of Chisinau.
Horizon Capital (www.horizoncapital.com.ua)
Based in Kyiv, Horizon Capital is a private equity concern focusing on mid-cap opportunities in Belarus, Moldova, and Ukraine.
Horizon was established in 1995 via their first fund, the USD 150 million Western NIS Enterprise Fund. The firm manages two additional funds, its Emerging Europe Growth Fund and Emerging Europe Growth Fund II, with a combined USD 600 million in assets currently under management.
Horizon normally invests USD 15 million to USD 40 million in mid-cap private companies with an exit horizon of three to four years.
