IFC Investment Supports Private Equity Sector in Ukraine, Belarus, and Moldova
Date: November 20, 2008
Kyiv, Ukraine, November 19, 2008-IFC, a member of the World Bank Group, is supporting the development of the private equity sector in Ukraine, Belarus, and Moldova by participating in the Emerging Europe Growth Fund II, a new private equity fund managed by Horizon Capital. IFC has committed $20 million to EEGF II, which raised $390 million from the diverse group of investors from the United States and Europe. The fund will invest in fast-growing small and medium enterprises in Ukraine, Belarus, and Moldova. It will focus on expansion and buyout opportunities in core industries serving the emerging middle class, including financial services, consumer goods, retail, and industrial goods.
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Source: Media Newswire
