Press Releases

The Ukrainian Exchange (UX), the largest stock exchange in the country, has named Dragon Capital the Stock Market Leader in 2011. This is the second time the Company receives this award, thanks to its top position in trading volumes, the largest quantity of retail clients and its continuous efforts in promoting the improvement of the market infrastructure.

Dragon Capital’s sales and research teams ranked first in the annual Cbonds Awards for “Best Equity Sales” and “Best Equity Research”. Dragon Capital was also named second in the categories “Best Fixed Income Sales” and “Best Fixed Income Research”.

Europe Virgin Fund L.P. (‘EVF’), a private equity fund sponsored by Dragon Capital, has acquired a majority stake in Tetaxes Limited, a Cyprus-based holding company for Prime Group, one of Ukraine’s leading outdoor advertising operators. Black Sea Trade and Development Bank has joined EVF as a new investor.

Dragon Capital advised Icon Private Equity on the acquisition by Sintal Agriculture of Agrika, formerly part of Icon’s investment portfolio. The deal expanded Sintal Agriculture’s land bank by 50%, to 150,000 hectares.

The company’s 1H11 operating results fall generally in line with our expectations of steady recovery in the domestic real estate market supported by gradually improving access to credit. The announced results imply end-1H11 NAV of $292.8m.

The Warsaw Stock Exchange (WSE) has begun trading shares of Coal Energy (CLE:PW), one of the largest private coal companies in Ukraine, which mines and beneficiates thermal and coking coal. Dragon Capital was the Lead Manager of the IPO.

Agroton Group (AGT:WS), one of the largest agricultural producers in eastern Ukraine, has successfully placed its debut three-year US$50m Eurobond issue. Dragon Capital, UBS and VTB Capital acted as Lead Managers and Bookrunners on the deal.

Dragon Capital has successfully placed bonds for Credit Dnipro Bank with a total nominal value of UAH 100m. Dragon Capital was the exclusive financial advisor and placement agent.

Europe Virgin Fund L.P. (‘EVF’), a private equity fund sponsored by Dragon Capital, has acquired a majority stake in Tissico Limited, a Cyprus-based holding company for VGP, Ukraine’s leading manufacturer of hygiene products (TM ’Ruta’)

President of Ukraine Viktor Yanukovych held a meeting of the Domestic and Foreign Investors Advisory Council. During the discussion, he acknowledged that the government relies on the participation of businesses in carrying out reforms in Ukraine.