Investment Summary

Horizon Capital Invests In FinComBank JSC

On December 13, 2007, private equity firm Horizon Capital invested in financial services company FinComBank JSC

Investment Highlights
  • This is Horizon Capital’s 1st transaction in the Financial Services sector.
  • This is Horizon Capital’s 1st transaction in Moldova.

Investment Summary

Date 2007-12-13
Target FinComBank JSC
Sector Financial Services
Investor(s) Horizon Capital
Deal Type Growth Capital

Target

FinComBank JSC

Chisinau, Moldova
FinComBank JSC is a provider of financial services particularly in SME lending, debit/credit cards, and money transfer to over 70,000 clients through 14 branches and 21 representative offices. FinComBank was founded in 1993 and is based in Chisinau, Moldova.

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Investor(S) 1

Investor

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 1 of 25
Sector: Financial Services M&A 1 of 4
Type: Growth Capital M&A Deals 1 of 11
Country: Moldova M&A 1 of 5
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Shostka City Milk Plant

Shostka, Ukraine

In May 2007, EEGF sold its controlling stake in Shostka City Milk Plant ('Shostka') to French Fromageries Bel S.A., achieving a gross 5.9 times cash-on-cash return and 470% IRR. During the life of its investment, EEGF focused efforts on improving product quality, access to the region's raw material base (milk), and strengthening Shostka's brand portfolio and distribution within Ukraine. Shostka's excellent reputation, strong management, and high product quality formed an inviting platform for strategic investor French Fromageries Bel S.A.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Purcari Wineries

Chisinau, Moldova

Purcari Wineries is a wine and brandy segment in the Central and Eastern Europe (CEE) region, managing around 1,000 hectares of vineyards and 4 wineries located in Romania and the Republic of Moldova: Purcari, Crama Ceptura, Bostavan, and Bardar. Purcari Wineries was established in 1827 and is based in Chisinau, Moldova.

Buy -