The #European #Bank for #Reconstruction and #Development (#EBRD) intends to #invest #USD 30 #million in #Emerging Europe Growth Fund III, the #investment #fund, which focuses on providing #equity #financing to #small and #medium-sized #enterprises primarily in #Ukraine.
Visit our website if you are interested in #doing business in Ukraine or looking for new #investment opportunities
The European Bank for Reconstruction and Development (EBRD), one of the largest development finance providers in Europe and the largest international financial investor in Ukraine, intends to invest USD 30 million in the Emerging Europe Growth Fund III (EEGF III), an investment fund founded by Ukrainian private equity company Horizon Capital. EEGF III is already the third project of Horizon Capital, which has been specializing in Ukraine since 1994 and has already competed successful investments in two predecessor funds. EEGF III will provide equity financing to small and medium-sized companies primarily in Ukraine.
In particular, EEGF III aims to facilitate access to long-term financing for Ukrainian small and medium-sized enterprises. As the lack of equity is a major obstacle to growth, the Fund is committed to offer its support on this matter. In addition, EEGF III intends to increase its commitment and reach a target volume of a total of USD 150 million. The main focus of the Fund’s investment activities lies on IT, light industry and food industry. In addition, the financier invests in e-commerce and healthcare as well as other internal market sectors.
EEGF III focuses primarily on fast-growing small and medium-sized companies that urgently need capital for their growth. It is expected that such financial support will contribute to the creation of many new jobs in the country.
This investment project strengthens the position of the EBRD as one of the most important institutions investing in the Ukrainian economy. The EBRD commitment is an important signal for other private and institutional investors.
Except the EBRD, the Fund’s anchor investors include the Western NIS Enterprise Fund (WNISEF), the German investment corporation DEG, the International Finance Corporation (IFC), and the Dutch development bank FMO.