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Horizon Capital: Investing in Emerging Europe en ukr rom rom

Investment Strategy


Our strategy is to identify high quality management teams and capitalize on specific market opportunities in the fastest growing segments of Ukraine’s and Moldova’s emerging markets.

We invest $5 million to $20 million in mid-cap private companies, where additional capital, best business practices, management recruitment, and financial engineering provide a basis for significant capital appreciation.

We seek to use proceeds from investments primarily for expansion and buy-out opportunities in core industries serving the emerging middle class, including financial services, fast moving consumer goods (FMCG), retail, manufacturing, and select other sectors.

  • In the case of expansion opportunities, we identify either industry leaders in fast growing sectors, or younger companies in sectors with consolidation potential.
  • In the case of buy-out opportunities, we identify companies in more mature industries with solid revenues and unrealized profit potential.

We generally acquire stakes that enable us to control or to influence strategy and key operating decisions of portfolio companies through corporate governance mechanisms. For larger investment opportunities, we may seek to syndicate the investment opportunity to other like-minded investors in the region.

We seek to invest in companies with the potential to achieve liquidity within 3 to 4 years through either a trade sale or an initial public offering.


Investment Criteria


We invest in companies that we believe are well positioned to capitalize on rapid growth and consolidation within their target industries. Key characteristics of the companies that we seek to invest in generally will including many of the following:
  • Significant addressable market opportunity;
  • Significant potential for revenue and profit growth;
  • Proficient management teams with a proven track record of success and significant expertise within industry;
  • Financial transparency and adherence to internationally-accepted principles of corporate governance;
  • Potential for superior returns on invested capital; and
  • Clear exit strategies for realizing returns.


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* This material does not constitute an offer to sell or a solicitation of an offer to buy an interest in the fund. This material is not, and under no circumstances is it to be construed as, a prospectus or advertisement.