A lready the Ukraine’s largest investor with more than €4.2 billion committed to 194 projects, the EBRD has agreed to provide a substantial loan to LLC Ergopack. The USD 7.9 million mezzanine debt facility is designed to help the consumer products manufacturer expand its product line and support Ergopack’s ability to compete in the domestic market.
Of special interest to Ergopack is an increase in recycling capacity and expanded Russian export operations which the funding will support.
Ergopack (www.ergopack.com.ua)
Since 1996, Ergopack has been engaged in the business of producing and distributing disposable household goods such as trash bags, cellophane wrap, sponges, and other related products. Ergopack’s four brand names, Melochi zhyzni, Domi, Kopeyka, and Plafor currently command approximately 25% of the domestic market.
Expanding company market share is being aided by Ergoline, a division which dispenses recommendations and instructions to help consumers use the Ergopack products to their fullest potential.
Company headquarters are located in Kyiv; a secondary office is maintained in Boyarka.
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.
