Horizon Capital is a leading private equity firm in Emerging Europe, backed by over 40 institutional investors. We have a tenure of over 25 years in the region and manage four funds with assets under management of over $850 million.
We are known for our strong team, high integrity and governance, value creation and track record of successful investments.
Our investment strategy focuses on fast-growing, export-oriented companies that leverage CEE’s cost competitive advantage to generate global revenues.
$850 million
assets under management
>$2 billion
capital attracted to the region
>25 years
tenure in the region
4 funds
managed
Our mission
We transform local leaders into regional and global champions.
We:
- Identify the strongest companies led by visionary entrepreneurs
- Back them with capital and expertise
To:
- Generate superior returns
- And help transform the region
Our principles
- We are a model of transparency, integrity and treasure our reputation
- Our relationships are based on trust and mutual respect
- We stand firmly for the interests of our investors
- We demand excellence and continuous growth
- We are committed to success – we do what it takes
History
Horizon Capital was founded in 2006 as a spin-out of the investment management team of WNISEF, a $150m fund focused on Ukraine and Moldova and established in 1994. Today, the firm has two Founding Partners, Lenna Koszarny, CEO, over 25 years based in Ukraine and Jeffrey C. Neal, Chairman of the Investment Committee, 30 years at Merrill Lynch, former Chairman of Global Investment Banking.
Horizon Capital has launched three funds under the Emerging Europe Growth Fund brand. EEGF I (launched in 2006) with $132m raised, and EEGF II (in 2008) with $370m raised. Both EEGF I and EEGF II provided buy-out and expansion capital for domestic-focused businesses. EEGF III, the firm’s latest fund, closed in December 2018 with a hard cap of $200m, far surpassing its original target of $150m. EEGF III is focused primarily on IT and export-oriented companies, and select domestic champions.
Backed by U.S. and European investors with a combined capital base of over $350 billion
Portfolio
Rozetka-Evo
E-commerce champion
Ajax
Leading smart security systems manufacturer
Dobrobut
Leading private healthcare provider in Ukraine
Makeup
Niche e-commerce champion: beauty products
Genesis
Top 100 global IT product company
Intellias
Fast-growing IT outsourcing
Liki24
E-commerce platform for medicine delivery
Purcari
Leading wine producer in CEE
MAIB
#1 commercial bank in Moldova
Jooble
#2 global job search engine
Datagroup
#1 B2B fixed telecom operator in Ukraine
Yarych
Fast-growing confectionary exporter
Kerameya
Leading clinker bricks producer in Ukraine
ExitedTinkoff (IPO)
Online bank
ExitedPURCARI (IPO)
Leading wine producer in CEE
ExitedCiklum
Leading IT outsourcing company
ExitedBiofarma
Leading pharma manufacturer
ExitedErgopack
Household goods producer
ExitedMTBank
Leading Belarusian bank
Our team
Strong team of investment professionals with top US and European business schools education and operational experience at blue chip companies globally.
Latest news
Horizon Capital’s EEGF II Raises Stake to 96% in Datagroup, Ukraine’s Leading National Fiber Infrastructure and Digital Services Provider
November 12, 2020
Horizon Capital wins Private Equity International (PEI) Operational Excellence Award (EMEA region) for Purcari Wineries deal
October 01, 2020
Liki24 Raises $5 Million from Horizon Capital and Existing Investors to Fuel European Expansion
August 13, 2020
Western NIS Enterprise Fund Announces an Agreement to Exit Leading Moldovan Glass Packaging Manufacturing Platform to the Swiss Vetropack Group
August 04, 2020
Lenna Koszarny takes second place in Emerging Europe’s Female Business Leader 2020 award
July 01, 2020
Horizon Capital’s EEGF III backs MAKEUP Group – a fast-growing European e-commerce leader in the beauty segment
May 29, 2020
Investment funds
EEGF III
$200 million
Emerging Europe Growth Fund III, LP provides growth equity to back successful export champions in IT, light manufacturing, food and agro, as well as domestic champions in Ukraine and the region
EEGF II
$370 million
Emerging Europe Growth Fund II, L.P. focused on core industries serving the emerging middle class, including financial services, fast moving consumer goods (FMCG), retail and manufacturing in Ukraine and the region.
EEGF
$132 million
Emerging Europe Growth Fund, LP focused on core industries serving the emerging middle class, including financial services, fast moving consumer goods (FMCG), retail and manufacturing in Ukraine and the region.
WNISEF
$150 million
Western NIS Enterprise Fund is a $150 million US government-backed fund that has invested in small and medium-sized companies in Ukraine and Moldova.
Join us
If you are interested in being a part of the Horizon Capital team, please send your CV to: [email protected]
