Published: June 28, 2010
Private equity firm backs Moldovan company.
Horizon Capital, a private equity firm targeting emerging Europe, has completed its second deal in less than a month.
The firm has spent US$15mn buying a majority stake in Moldovan wine company Bostavan Wineries. The company is based in Chisinau and produces wine in Moldova and Romania.
This is the third investment to be made from the firm’s US$390mn Emerging Europe Growth Fund II following its US$40mn investment in Ukrainian agricultural specialist Agro-Soyuz earlier in the month.
The firm manages three funds and targets consumer goods, business to business services and financial institutions.