Europe Virgin Fund invests in VENBEST
Founded in 1991, today VENBEST Group is the largest private operator in the market of security services in Ukraine, serving more than 25,000 customers. EVF strongly believes that VENBEST is positioned for further growth due to the considerable growth potential of the respective market in Ukraine and the anticipated sector consolidation trend.
"VENBEST is a good addition to our investment portfolio, which now consists of successful companies from Fast Moving Consumer Goods (FMCG), mass-media, pharmaceuticals and financial services sectors. Despite a difficult macroeconomic situation, which has almost completely halted private investment in the Ukrainian economy, we decided to invest in this business and this team. We strongly believe that economic growth will restore in Ukraine in the next few years, and therefore the domestic consumer market of over 40 million inhabitants, and, in particular, the market for services, will be the main driver of this Company’s growth. We are pleased to turn over a new leaf in the investment history of Ukraine, following the Revolution of Dignity. We will continue to look for further opportunities to support first-class companies and teams and participate in rebuilding a new Ukraine", - comments Alex Munteanu, EVF Managing Director.
"Throughout its history, VENBEST has gained a reputation as one of the most responsible and reliable partners in the Ukrainian security services market. Hard work, constant attention to customers’ needs and the desire to improve were the core elements of this achievement. Our services are used by both large corporate clients and private customers in all regions of Ukraine. We intend to keep providing each of these categories of clients with the best quality of service, reliability, and comfort of working with VENBEST in the future. We believe in the huge potential of the security services market, and it is very important for us that EVF shares our philosophy and intends to help us in achieving very ambitious targets", - said Georgiy Tupchiy, VENBEST co-founder.
"We have found a reliable partner in EVF, which will help us create a new driver for the company`s progress, focusing on business development, new service offerings, as well as VENBEST’s regional expansion", - added Vladymyr Dzyuba, VENBEST co-founder.
About VENBEST Group
VENBEST Group is a leading Ukrainian private company providing security services for over 24 years. The company provides services throughout the territory of Ukraine and offers customers comprehensive security solutions while taking into account their individual needs. The company`s most popular services include physical security of property and individuals, provision of technical security systems and facilities, as well as patrolling. VENBEST also has its own research and production center, which provides the Company with advanced technology in the field of technical security. Large companies such as METRO Cash & Carry, Kyivenergo, Privatbank, Oschadbank, Credit Agricole Bank, National Bank of Ukraine and many others are among VENBEST’s clients. The total number of objects guarded by VENBEST exceeds 25 thousand. VENBEST was founded in 1991.
About Europe Virgin Fund
Europe Virgin Fund is a regional private equity fund originated by Dragon Capital in 2010. EVF has committed capital from Dragon Capital, the European Bank for Reconstruction and Development, the Swiss Investment Fund for Emerging Markets, the Black Sea Trade and Development Bank and other limited partners. The Fund provides equity financing to selected private sector businesses with primary operations in Ukraine, Belarus and Moldova, particularly focusing on the fast-moving consumer goods, retail, industrial, telecom, media, technology, pharmaceuticals, construction materials and financial services sectors. The Fund’s portfolio includes controlling stakes in Ukraine’s largest manufacturer of tissue products VGP (TM Ruta), Ukraine’s leading out-of-home advertising operator Prime Group, one of the top 10 pharmaceutical manufacturers in Ukraine, Sperco, as well as the leading Ukrainian electronic payments service provider Portmone.
About Dragon Capital
Dragon Capital is one of Ukraine’s leading groups of companies working in the field of investment and financial services, offering a comprehensive range of services in equities and fixed income sales, trading and research, investment banking, private equity and asset management to institutional, corporate and private clients. Established in 2000, the company has been minority-owned by Goldman Sachs, one of the largest global banks, since 2007.
Dragon Capital accounts for the largest share of turnover on the Ukrainian stock market carrying out approximately a third of reported transactions. The company also dominates the Ukrainian debt market, with Dragon Capital’s DCM team advising leading corporations and banks on raising debt through local bonds, Eurobonds, structured finance and bilateral debt. The company’s fixed-income sales and trading business acts as a market maker in both domestic and international debt instruments, trading actively with international and domestic investors.
The company has completed more than 100 fundraising, advisory and M&A deals since inception and has raised more than $5bn in new capital. Our core investment banking products are domestic and cross border M&A transactions, IPOs, private placements, debt financing including issuance of local bonds and Eurobonds.
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