Ukrainian agricultural company Agro-Soyuz has a new financial partner after reaching an investment deal with Horizon Capital. Horizon will acquire an Agro-Soyuz stake in return for a $40 million investment via its Emerging Europe Growth Fund II. The deal marks the second investment for the $390 million fund and the first by Horizon since the start of the global financial crisis.
Agro-Soyuz plans to use the new funding for debt restructuring and to capitalize plans for future growth. Horizon sees great potential in Agro-Soyuz due to the company’s cutting-edge development of new technology and farming techniques.
Established in 1991 as a manufacturer of agricultural machinery, equipment, vehicles, and parts, Agro-Soyuz has grown to be one of the leading agricultural technology companies in the Ukraine. Agro-Soyuz develops Agrotechnogies for food production, including its “no till” farming method, as well as seed production, dairy farming, and pig and ostrich breeding. The company also provides machinery repair, over-haul, and emergency in-field services. Agro-Soyuz operates headquarters in Yubileyny and a manufacturing facility in Kazakhstan.
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. A typical Horizon investment is between $15 million and $40 million in companies willing to give a measure of operational control in return, with a three to four year horizon.
Horizon Capital is a private equity firm with three funds currently being managed: Emerging Europe Growth Fund, LP (EEGF), Emerging Europe Growth Fund II, LP (EEGF II) and Western NIS Enterprise Fund (WNISEF).