Published: July 23, 2010
Euroventures buys a third of Ukrainian retail group.
A Ukrainian supermarket group is hunting for suitable acquisition targets after receiving a private equity investment.
Avanta's owners have handed over 30% of the business to Euroventures after it agreed to invest an undisclosed sum in the company to fund its growth. The investment was made through Euroventures Ukraine Fund II.
The vendors were advised by law firm OMP, while Euroventures was represented by LLC Law LP and Andriy Kravets.
Avanta has 23 outlets operating under the Kolibris and NASH! Brands, while Euroventures manages three funds worth more than US$182mn combined.