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M&A Deal Summary

Horizon Capital Acquires Platinum Bank

On June 11, 2012, private equity firm Horizon Capital acquired financial services company Platinum Bank

Acquisition Highlights
  • This is Horizon Capital’s 3rd transaction in the Financial Services sector.
  • This is Horizon Capital’s 5th transaction in Ukraine.

M&A Deal Summary
Date 2012-06-11
Target Platinum Bank
Sector Financial Services
Buyer(s) Horizon Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Platinum Bank

Kiev, Ukraine
Platinum Bank (formerly IMBG) offers a unique consumer banking structure for Ukraine. It is the leading pure-play consumer lending platform, offering its customers point of sale (POS) consumer loans, personal cash loans, cash cards, bank accounts and deposit services. Platinum’s strategy is to deliver above-average asset growth rates by concentrating on the fastest growing industry segments. Platinum Bank's major debt providers are global International Financial Institutions, such as OPIC (Overseas Private Investment Corporation), FMO (Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V.), IFC (International Finance Corporation), and EBRD (European Bank of Reconstruction and Development).

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Buyer(S) 1

Buyer

Horizon Capital

Kyiv, Ukraine

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Horizon Capital is a private equity fund manager that targets investments in mid-cap companies with rapid growth and profit potential in Ukraine and Moldova. The firm seeks to invest between $5 million to $20 million per transaction. Horizon Capital uses investment proceeds primarily for expansion and buy-out opportunities in core industries that serve the emerging middle class. These industries include financial services, fast-moving consumer goods (FMCG), retail, manufacturing, and other select sectors. Horizon Capital was founded in 2006 and is based in Kyiv, Ukraine.

DEAL STATS #
Overall 9 of 25
Sector: Financial Services M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 7
Country: Ukraine M&A 5 of 15
Year: 2012 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-26 Ciklum

London, United Kingdom

Ciklum is a software engineering and solutions company. Ciklum was founded in 2002 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-12 Biofarma

Amoz, Ukraine

Biofarma is a pharmaceutical manufacturer focused on plasma protein products. The drugs are used in hematology, immunology, and intensive care medicine. The Company also manufactures biopharmaceutical products on the basis of genetically-produced recombinants used to improve the quality of life of patients with severe diseases. Biofarma is based in Amoz, Ukraine.

Buy -
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