Horizon Capital has added to its financial sector portfolio after acquiring a significant share of Ukrainian collection agency UkrFinance. Horizon acquired UkrFinance through an investment from its Europe Growth Fund II. The fund’s extensive portfolio includes other financial sector companies including such well-known names as Fidem Life Insurance(Ukraine), MTBank (Belarus), Platinum Bank, Universalna Insurance, and [...]
Tag Archives: Horizon Capital
Hartwell and Horizon Join to Acquire Significant Stake in Inkerman
One of Ukraine’s leading wine makers received a financial boost early this year after Horizon Capital and Hartwell Capital joined forces to acquire a stake in the company. Inkerman, which controls thousands of hectares of Crimean vineyards will benefit from Horizon’s investment experience in the industry joining a portfolio which also includes Vitmark and Bostavan Wineries Group. Meanwhile, [...]
Horizon Capital Acquires Minority Share of Vitmark-Ukraine
Kiev-based Horizon Capital has announced an investment in Vitmark-Ukraine, one of that nation’s leading juice producers. Horizon Capital acquired a minority share of the company through its USD $390 million Europe Growth Fund II. The deal is the fifth for Horizon Capital this year, worth a combined total of more than USD $100 million. Four [...]
Ageas Sells Fortis Life Ukraine to Horizon Capital
In keeping with a redefined strategy set forth in September of 2009, Ageas is further streamlining its portfolio with the sale of Fortis Life Insurance Ukraine. Horizon Capital will purchase Fortis Life pending regulatory approval which should be given before the end of the year. Ageas first stepped into the Ukrainian Insurance sector in 2007, [...]
Horizon Capital Acquires 25% of Ukraine’s Datagroup
Datagroup, the Ukrainian telecom servicing mainly corporate clients, has agreed to sell 25% of its total shares to Horizon Capital for USD 40 million. The new funds are slated by the company to be used in expanding beyond the corporate market. Datagroup will step up efforts to move into the retail sector by acquiring regional [...]
Agro-Soyuz Sells Stake to Horizon For $40m
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 [...]
Ukraine’s Ergopack Secures Significant EBRD Financing
Already 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. [...]
Horizon Capital Completes Full Exit From Natur Bravo
Citing 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 [...]
BSTDB Loans GC Prim USD 10 Million for Construction Project
Moldavian glass packaging company Glass Container Prim, has announced the securing of a $10 million 6-year loan deal from the Black Sea Trade and Development Bank (BSTDB). The BSTDB Board of Directors approved the loan in early April to help complete construction of a new manufacturing facility in Chisinau. With a total start-up cost of [...]
Evrotek to Join Forces With Soyuz Ltd.
Two of Ukraine’s leading retail grocery providers have agreed to a deal which would merge the two companies. Soyuz Ltd., operators of the Kvartal economy stores and Soyuz Supermarkets, will join forces with Evrotek, operators of the Fresh Market chain. Details of the deal were not made public, and the merger still must be approved [...]
Horizon Capital closes oversubscribed EEG Fund II at USD 390 million
Horizon Capital closed its newest fund, Emerging Europe Growth Fund II (EEGF II) with a total capital commitment of USD 390 million. Horizon Capital initially targeted a fund size of USD 300 million, but EEGF was oversubscribed within nine months. Emerging Europe Growth Fund II L.P. EEGF II will make investments in the range of [...]
Horizon Capital invests USD 15 million into Evrotek Group
Horizon Capital, signed an equity investment agreement alongside International Finance Corporation to invest USD 15 million in equity in Evrotek Group Plc, the holding company for a recently formed Ukrainian food retail chain operating und the trade name Fresh. Evrotek Group (www.evrotek.com) Evrotek Group entered the food retail chain market in 2006 and is one [...]
