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The European Bank for Reconstruction and Development (EBRD) may enter the capital of a new fund managed by Horizon Capital – Horizon Capital Growth Fund IV with a contribution of $50 million.
EBRD provides $65 mln loan in hryvna-equivalent to support Datagroup-Volia merger 2 min read
The European Bank for Reconstruction and Development (EBRD) is providing a local currency loan equivalent to $65 million to Datagroup, which is majority owned by a fund managed by Horizon Capital, the bank and the company said in joint press release issued on Monday.
This will primarily finance the acquisition of Volia Group, the provider of telecom and content services (earlier Volia-Cable). We are delighted to announce our cooperation with the EBRD resulting in the provision of $65million in financing. These funds will be invested in the business to support growth and development – the acquisition of Volia as well as full-scale network modernisation. This financing supports our development plans, ensuring our network is the most modern in the Ukrainian telecommunications market, bringing quality of services to a whole new level and ensuring we surpass customer expectations as
$65 million loan to Ukraine’s Datagroup to spur growth
Consumers to reap benefits of consolidation
Largest EBRD loan for Ukraine’s telecommunications, media and technology sector
Datagroup, a leading national fibre infrastructure and digital services provider in Ukraine, is purchasing Volia, the country’s leading pay-TV and cable broadband service provider in the retail segment, with the financial backing of the European Bank for Reconstruction and Development (EBRD). The EBRD is providing a local currency loan equivalent to $65 million to Datagroup, which is majority owned by a fund managed by Horizon Capital. This will primarily finance the acquisition of Volia to help build a stronger, more competitive telecommunications operator with improved quality of service and an expanded product range.
IT company Creatio raises $68 mln investment for development 5 min read
Creatio, a global software company that provides a leading low-code platform for process management and CRM, today announced a $68M capital raise led by Volition Capital, a US-based growth equity firm investing in high growth companies, with participation from Horizon Capital, a private equity firm investing in Europe. The funding is a minority investment to fuel the company’s growth, with Creatio’s strategy, leadership team, product vision and commitment to customer success remaining unchanged.
Since its founding, Creatio has achieved rapid organic growth without previous external capital. Today, the company is delivering exceptional financial results with a team of 600 people worldwide. This investment comes on the heels of rapid exponential company growth. Despite the COVID-19 pandemic, its net retention rate in 2020 was the highest in the company’s history. Creatio will use the funds to bui