Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Horizon Capital

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 Ergop

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 2007 close.

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 approximately USD 35 million, the new facility will create additional jobs and have a production capacity of 140 million bottles annually. The project is the first one in Moldavia to receive capital investment from BSTDB.

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.

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.

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.

Horizon Capital acquires shares in FinComBank and MTB

Horizon Capital expanded its financial institution portfolio further by acquiring a 25% stake in FinComBank (Moldova) and 31.5% stake in MTB (Belarus).

Warburg Pincus participates in equity financing round in Ukraine’s IMB Group Public

IMB Group Public Ltd., Ukraine’s leading pure-play consumer lender, announced a USD 100 million equity financing round. With existing shareholders Horizon Capital, East Capital contributing USD 56.2 million of the round, an additional USD 43.8 million was subscribed by Warburg Pincus.

Horizon Capital exits Shostka City Milk Plant

Emerging Europe Growth Fund LP (“EEGF”), a fund managed by Horizon Capital, sold its controlling stake in Shostka City Milk Plant to French Fromageries Bel S.A.