Rozetka, the leading online e-commerce retailer in Ukraine and EVO, the internet company behind the country’s largest marketplace Prom.ua, have completed a merger, cementing their top position in Ukraine’s fast-growing e-commerce segment of the retail market.
Horizon Capital announced today the exit of its full stake in Ergopack, a leading Ukrainian manufacturer of household goods, to Sarantis, a European strategic investor and leading publicly-listed consumer goods company.
Horizon Capital, a leading private equity firm in the region, announced today that Purcari Wineries PLC (Purcari) has completed its Initial Public Offering and commenced trading on the Bucharest Stock Exchange (BSE: WINE). The offering was well received, with retail investors oversubscribing more than four times over, despite heavy turbulence on global markets as the Dow recorded its two largest point-drops on record. As a result of this successful public launch, Horizon Capital, on behalf of its fund EEGF II, has sold a 40.9% stake in Purcari, realizing a 3.2 times gross cash-on-cash return on the sale of these shares. Horizon Capital remains an active shareholder with a 22.7% stake held, aiming to further capitalize on the fast growth of the Company, as Purcari seeks to become the undisputed champion of the high-growth CEE wine market.
Horizon Capital announced today that it has increased its stake in Datagroup, a leading independent telecom operator in Ukraine, from significant minority to over 70%. Following completion of this transaction, Horizon Capital has assumed operational control of the company. The financial details of the transaction were not disclosed.
Ciklum Holding Limited announced today that the Ukrainian Redevelopment Fund LP will acquire a significant equity stake in Ciklum. The transaction is expected to be completed by the end of 2015, subject to customary closing conditions and regulatory approval. The Ukrainian Redevelopment Fund is acquiring the entire stake held by Horizon Capital and an undisclosed portion of the stake held by Majgaard Holdings Ltd.
Horizon Capital has developed and is pleased to share a comprehensive, data-rich report entitled “Ukraine 2015: A ground-floor opportunity at the EU’s frontier”.
This facility is the first greenfield pharmaceutical plant built in Ukraine, with investment of over $40 million, through a consortium of U.S-Dutch-Ukrainian investors including U.S. investment manager Horizon Capital, Dutch development finance bank FMO and Ukrainian shareholders. The new plant was designed by Linde (Germany), an international engineering company with extensive experience in the pharmaceutical industry, equipped with modern Italian machinery, is ISO9000 and ISO14001 certified and meets all current regulatory and GMP (Good Manufacturing Practice) requirements. The plant is the first and only Western investment of such scale in the Ukrainian pharmaceutical industry and the best-in-class facility of its kind in Central and Eastern Europe.
Horizon Capital, a leading private equity fund manager, announced today that it acquired a stake in Rozetka, a leading e-commerce company based in Ukraine. The funding for this deal comes from Horizon Capital’s Emerging Europe Growth Fund II (EEGF II). The financial details of the transaction are not disclosed.
Next week, the law on public-private partnerships will be voted for in its second reading. The Ukrainian Association of Venture Capital and Private Equity (UVCA) emphasizes the importance of adopting this law promptly and without delay, especially on the eve of the donor conference.
Horizon Capital announced today the sale of MTBank, a leading Belarusian bank, exiting its stake together with the majority shareholder, to a local investor. MTBank is the largest private bank in Belarus and one of the fastest growing banks in the country.