The Ukraine government has finally succeeded in completely divesting itself from ArcelorMittal Kryviy Rih with a sale of its remaining 0.1% stake. The government’s State Property Fund sold the shares to Dragon Capital (2.26 million shares) and Concorde Capital (1.6 million shares) through the Ukrainian Interbank Currency Exchange. The total price tag for the sale [...]

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. [...]

In a deal worth USD 12.4 million, Dragon-Ukrainian Properties & Development (DUPD) has secured the acquisition of 38 residential properties in Kiev. Dragon Capital Partners, managers of the DUPD Fund, have secured the rights to a gated community that was recently completed in Kiev through this deal. In contrast to the scarcity of debt financing [...]

Investment bank Dragon Capital and East Capital Bering Ukraine Fund jointly acquired a 70% stake from Chumak’s co-founder, Professor Hans Rausing. Chumak is the largest tomato processing company in Central and Eastern Europe and one of Ukraine’s top brands. Chumak (www.chumak.com) Chumak is one of Ukraine’s most famous food companies, known for its expertise in [...]