Published: June 9, 2010
Agricultural firm gets US$40mn growth funding.
A private equity firm that targets businesses in emerging Europe has invested US$40mn in a Ukrainian agricultural company.
Horizon Capital has taken a stake in Agro-Soyuz, which is the second investment funded from its US$390mn Emerging Europe Growth Fund II.
The proceeds will be used to expand the company’s operations, especially its pork business. It will also strengthen its balance sheet through restructuring its debt.
Agro-Soyuz’s founder, Serhiy Prokayev, says Horizon’s support is key to his expansion plans and will also enable his team to “scale our operations in terms of management expertise and global best practices”.
Horizon’s co-managing partner, Natalie Jaresko, says the firm will support Agro-Soyuz in realising its full potential.
Agro-Soyuz’s activities include making agricultural equipment and supplying spare parts as well as farming 11,000 hectares.