Horizon Capital ups Datagroup stake to 96%

13 Nov 2020

Private equity firm Horizon Capital has increased its stake in Ukrainian broadband network operator Datagroup from 73.46% to 96.13%, via its Emerging Europe Growth Fund II (EEGF II). Datagroup CEO Mykhailo Shelemba holds the 3.87% remainder, while the company’s founder Oleksandr Kardakov and other minority investors have now fully exited Datagroup’s ownership. Financial details of the transactions were not disclosed.

Ukraine, Datagroup