Horizon Capital enjoying new developments at Vitmark – Ukraine
Horizon Capital is enjoying new developments at Vitmark - Ukraine, one of its leading portfolio companies, a reputable baby food and juice producer in Ukraine August 21, 2013 – Kyiv, Ukraine – Horizon Capital, a leading US private equity fund operating in Ukraine and the nearby region, welcomes the international recognition of Vitmark - Ukraine, its portfolio company. Vitmark, alongside System Capital Management, was one of only two Ukrainian firms recognized by the United Nations European Global Compact for its best practices and excellence in corporate social responsibility in 2012. The listing of 102 companies operating in 23 European countries focuses on sustainable development initiatives and programs carried out by European companies to help advance sustainable business models and markets coherently with the Rio+20 logic. Vitmark secured a new $35 million long term loan facility from Raiffeisen, a leading European Bank. This further demonstrates the high level of trust Vitmark enjoys among U.S. and European investors and business partners. Natalie Jaresko, Founding Partner and CEO of Horizon Capital, commented: "We are pleased to see that the money put to work by U.S. and European investors is helping to transform Ukrainian businesses and make them socially responsible leaders". Horizon Capital (www.horizoncapital.com.ua) is a private equity fund manager that originates and manages investments in mid-cap companies with outstanding growth and profit potential in Ukraine, Belarus and the region. Currently, Horizon Capital manages three funds, Emerging Europe Growth Fund II (EEGF II), Emerging Europe Growth Fund (EEGF) and Western NIS Enterprise Fund (WNISEF), with over $600 million under management. Vitmark - Ukraine (www.vitmark.com) is one of the leading Ukrainian producers of juice, nectars, juicy drinks, baby food and concentrates (brands Jaffa, Our Juice Odessa Baby Food Cannery, Sokovita, Chudo-Chado). Vitmark was founded in 1994, and now owns over 23% of Ukrainian JNSD category, also having a leading share of 20% in baby food juices and purees segment. For more information, please contact: Tetyana Bega, Investor Relations Manager Horizon Capital Tel. +380 44 490 5580 e-mail: tbega@horizoncapital.com.ua