M&A Deal Summary

Sarantis Group Acquires Ergopack

On May 14, 2018, Sarantis Group acquired consumer products company Ergopack from Horizon Capital

Acquisition Highlights
  • This is Sarantis Group’s 6th transaction in the Consumer Products sector.
  • This is Sarantis Group’s 1st transaction in Ukraine.

M&A Deal Summary
Date 2018-05-14
Target Ergopack
Sector Consumer Products
Buyer(s) Sarantis Group
Sellers(s) Horizon Capital
Deal Type Add-on Acquisition

Target

Ergopack

Boyarka, Ukraine
Ergopack LLC is a Ukrainian manufacturer of household goods. Ergopack’s revenue has grown more than 15 times in local currency terms, the Company has launched an additional production facility in Ukraine and modernized its recycling processing capabilities.

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Buyer(S) 1

Buyer

Sarantis Group

Athens, Greece
Category Company
Founded 1930
Sector Consumer Products
Employees2,538
Revenue 343M EUR (2017)
DESCRIPTION

Sarantis Group is a consumer product company offering high quality everyday products at competitive prices, always taking into consideration consumers’ needs and environmental impact. This is the way that our Group evolves and grows, offering added value to consumers, clients, suppliers, shareholders and employees. From Fragrances & Cosmetics to Personal Care, Health & Care as well as everyday Household Products, SARANTIS GROUP offers a wide range of products with high brand awareness. In fact, in most categories, our products top the list of consumers' preferences. was founded in 1930 and is headquartered in Athens, Greece.

DEAL STATS #
Overall 7 of 7
Sector (Consumer Products) 6 of 6
Type (Add-on Acquisition) 6 of 6
Country (Ukraine) 1 of 1
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Saneca Trade s.r.o.

Hlohovec, Slovakia

Saneca Trade s.r.o. distributes cosmetic products under the brand Indulona. Indulona is a legendary Czechoslovak cream with almost 70-year history. It is still the most popular and best-selling product in its category.

Buy -

Seller(S) 1

SELLER

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 has offices located in Chisinau, Moldova; Kyiv, Ukraine, and Chicago, Illinois.

DEAL STATS #
Overall 6 of 9
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 3 of 5
Country (Ukraine) 3 of 5
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-15 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-28 Intellias

Lviv, Ukraine

Intellias is a custom software engineering company with a specific focus on automotive, location-based services, and financial technology industries. Intellias was founded in 2002 and is based in Lviv, Ukraine.

Buy -
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