Company profile

Slobozhanska Budivelna Keramika

Construction materials

In March 2004, WNISEF sold its 100% stake in Slobozhanska Budivelna Keramika (SBK) in a transaction valued at $13.5 million, achieving a 2.5 times cash-on-cash return and 23.3% IRR.

During the period of WNISEF’s investment SBK was the recognized market leader in the manufacture and sales of premium faзade ceramic bricks in Ukraine.

High quality, a strong brand name, a strategic geographic presence, excellence in customer service, and a solid reputation as a reliable partner were key to attracting acquirers Raiffeisen Investment AG of Austria (RIAG) and MARA Beteiligungsverwaltungs GmbH (a holding company of RIAG).

This deal included an innovative leveraged re-capitalization utilized for the first time in Ukraine.