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KYIV, Ukraine, Dec. 22, 2020 /PRNewswire/ Datagroup, announced today it has reached an agreement to acquire 100% of Volia group of companies in Ukraine, with the full backing of Horizon Capital s EEGF II fund. EEGF II is the sole financial investor in Datagroup with a 96.13% stake, alongside CEO Mykhailo Shelemba, who holds 3.87%. This transaction is subject to customary regulatory approvals.
Lenna Koszarny, Horizon Capital s Founding Partner and Chief Executive Officer, commented on the deal: The vision of uniting these two companies, both private-equity backed, has been a long-held dream within Horizon Capital and Datagroup. We are thrilled to realize the opportunities from merging two companies which are such a natural fit for each other. Both Datagroup and Volia operate in a highly fragmented industry which historically has meant limited investor interest and capital invested. Scale truly does matter when it comes to infrastructure to meet the demands of increasing digit