Russia’s first virtual bank gets a boost from Ukrainian buyout firm Horizon Capital as the latter committed USD 40 mln towards Tinkoff Credit Systems Bank (TCS Bank). Majority stakeholder Oleg Tinkov is also joined by Baring Vostok (PE Fund IV), Vostok Nafta and Goldman Sachs in this unique Russian venture designed to tap the local [...]

Dutch development bank FMO and regional PE fund managers Horizon Capital have made an equity stake acquisition in Biofarma, one of the Ukraine’s leading pharmaceutical houses that maintains a dominant position in organic drugs and plasma proteins in European markets. Biofarma is currently the only company in the country to be certified under Good Manufacturing [...]

“Best Private Equity Firm in CIS” prizewinner Horizon Capital acquired 20% stake in the Danish-Ukrainian IT outsourcing company, Ciklum. The financial details of the transaction remained undisclosed. Ciklum (www.ciklum.com) Ciklum was founded by a Danish businessman, Torben Majgaard, who first entered the IT sector some 20 years ago as a computer hardware retailer in the CIS.  The company [...]

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 [...]

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, [...]

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 [...]

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, [...]

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 [...]

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 [...]

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. [...]

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 [...]

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 [...]

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 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, 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 [...]