Ukraine
Posted Wed, 03/03/2010 - 22:12
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
Posted Fri, 26/02/2010 - 19:15
Looking to the future of Vitalux as an attractive acquisition in the pharmaceutical industry, Euroventures Ukraine Fund (EUF) II is standing behind the Ukrainian pharmacy chain as it expands its presence in Kyiv. The Vitalux expansion includes 14 new stores on Kyiv's western bank as well as the assimilation of current pharmacies operating under different brand names into the Vitalux family.
Posted Fri, 12/02/2010 - 18:01
OAO Bank Severnaya Kazna, the financially troubled Ural bank, has a new shareholder in Cypress-base Vallaur Limited. Vallaur has acquired a stake of just over 10% through a private transaction with former shareholder Dmitriy Vinogradov.
Posted Thu, 26/11/2009 - 12:04
Citing a very heavy debt load in need of servicing, Ukrainian grocery chain Pakko has reached a preliminary agreement to sell a significant stake in the company to Abris Capital Partners of Poland. Though details are unknown, the deal has been estimated to be worth as much as USD 10 million for a 50% share.
Posted Fri, 23/10/2009 - 13:28
American private equity firm SigmaBleyzer has made its first investment in the United States after fifteen years dealing exclusively in Eastern Europe and Russia. The acquisition is Dallas based beverage maker Jus-Made, LP, a 54 year-old company which has fallen on hard rimes during the global recession. Jus-Made stands to benefit greatly from the stability and experience SigmaBleyzer brings to the table, already seeing improvement with the addition of a hot-fill line funded by the new capital.
Posted Tue, 22/09/2009 - 23:28
The Ukraine government has finally succeeded in completely divesting itself from ArcelorMittal Kryviy Rih with a sale of its remaining 0.1% stake. The government's State Property Fund sold the shares to Dragon Capital (2.26 million shares) and Concorde Capital (1.6 million shares) through the Ukrainian Interbank Currency Exchange. The total price tag for the sale was UAH 54.819 million.
Posted Fri, 28/08/2009 - 09:47
Chinese telecom manufacturer ZTE has announced a joint project with Icon Private Equity to build a new WiMAX system in Ukraine. The 3.5 GHz network, aimed at providing service in the greater Kiev area, will be built through Icon portfolio company Ukraine High Technologies (UHT) and is expected to be complete by the end of the year. UHT acquired the 3.5 GHz WiMAX license back in 2006, but for a variety of reasons has not been ready to begin the project until now.
Posted Tue, 25/08/2009 - 22:37
Eastern Ukraine's MegaBank is need of capital to strengthen its liquidity and the European Bank for Reconstruction and Development has stepped in to help. The EBRD has teamed up with German development bank KfW Entwicklungsbank to provide MegaBank with a total financing package of up to €28.9 million. Initially, a senior loan of € 10.4 million will come from the EBRD while KfW will provide a subordinated loan of € 2.5 million. The two lenders will loan additional capital in the future and may end up acquiring as much as 30% of MegaBank.
Posted Fri, 14/08/2009 - 00:00
The financially troubled Donetsk steel mill, located in eastern Ukraine, appears headed for a takeover after the mill's owners failed to repay a bank loan of nearly USD 1 billion. The owners of OOO Estar Holding's Donetsk Electrometallurgical Plant received the loan from A1, an investment firm which is part of Russian investment conglomerate Alfa Group. A1 is alleged to have already appointed three managers to run the mill and could take over within a few days. Neither A1 nor Estar have commented publicly on the matter.
Posted Thu, 23/07/2009 - 13:35
eVenture Capital markets has chosen to make a big splash with its first Russian/Ukrainian internet investment by acquiring a stake in Mapia.ua, a Ukrainian startup offering online mapping and searching services.
Posted Mon, 13/07/2009 - 22:00
OJSC Galnaftogaz, operator of Ukraine’s OKKO petrol station chain, has reached an investment deal with the European Bank for Reconstruction and Development (EBRD). The deal calls for the bank to acquire a stake in OJSC Galnaftogaz at a cost of up to USD 50 million.
Posted Fri, 05/06/2009 - 15:09
The European Bank for Reconstruction and Development (EBRD) is considering an investment in a new private equity fund designed for the Balkans. Although still in the concept stage, the new fund's size could be as much as EUR 200 million with the EBRD's investment upwards of EUR 40 million. The proposed name of the fund is Emerging Europe Accession Fund and will be managed by Axxess Capital 3 N.V.
Posted Mon, 18/05/2009 - 18:00
UAProm, the Ukraine based provider of e-commerce and business directory services has recently come under new ownership. Eastern Europe's leading e-commerce group, MIH Allegro Group, has acquired a 51% stake in UAProm for an undisclosed amount to be invested in the company's business development. As part of the deal UAProm retains a 49% stake and has promised to remain part of the business for at least three more years. MIH Allegro Group is owned by South African media company Naspers.
Posted Tue, 05/05/2009 - 15:12
Ukrainian private equity firm Dragon Capital, is launching a new fund named the Europe Virgin Fund to provide private equity financing in Ukraine, Moldova and Belarus. The European Bank for Reconstruction and Development (EBRD) is considering investing up to USD 30 million in the fund, but will not exceed 25% of the fund's total commitments.
Posted Mon, 06/04/2009 - 22:01
The ERBD has agreed to make a USD 20 million loan to Ukrainian agri-business ASTARTA. The loan is the first under a new program established by the EBRD to help existing clients deal with the current economy.
Posted Fri, 06/03/2009 - 01:00
In a deal worth USD 12.4 million, Dragon-Ukrainian Properties & Development (DUPD) has secured the acquisition of 38 residential properties in Kiev. Dragon Capital Partners, managers of the DUPD Fund, have secured the rights to a gated community that was recently completed in Kiev through this deal.
Posted Mon, 02/02/2009 - 01:00
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.
Posted Mon, 26/01/2009 - 01:00
The state owned railway freight system in Ukraine is getting a financial boost with the promise of a USD 62.5 million loan from the EBRD. The State Administration for Railway Transport of Ukraine (UZ) has begun a program to revitalize the struggling freight business and will use the money to purchase a number of general purpose freight cars.
Posted Fri, 16/01/2009 - 01:00
The European Bank for Reconstruction and Development, EBRD, has signed a USD 34.4 million loan agreement with Terminal Brovary for the development, construction and operation of a 49,200 square metre Brovary Logistics Centre in Brovary, Ukraine.
Posted Thu, 27/11/2008 - 01:00
Polish investment firm Abris Capital Partners has purchased a controlling stake in Ukrainian supermarket chain Barvinok. Details of the sale, including purchase price and company value have not been disclosed, but experts estimated the value of the deal to be USD 16 to USD 30 million. The sellers, Intermarket Ltd., will remain a minority shareholder in the company and Barvinok will continue operating under the same name.
