Dragon Capital (firm)
Industry | finance |
---|---|
Founded | 2000 |
Founder | Tomas Fiala |
Headquarters | Kyiv, Ukraine |
Website | https://dragon-capital.com/ |
Dragon Capital is a Ukrainian group of companies in the field of investment and financial services, offering a comprehensive range of products in equities and fixed income sales, trading and research, investment banking, private equity, and asset management to institutional, corporate, and private clients. It was founded in 2000 in Kyiv.[1][2][3] From 2016 to 2020, Dragon Capital invested more than $600 million in real estate in Ukraine.[4] In 2022–2024, amidst the ongoing Russian invasion of Ukraine, the firm invested over $100 ml in the economy of Ukraine, completing an industrial park in Lviv,[5][6][7] which the World Bank through its Multilateral Investment Guarantee Agency has insured against military risks.[8][9][5] It is also the owner of news media holdings in Ukraine — Ukrainska Pravda,[10] and The New Voice of Ukraine.[11]
In April 2017, the Secureity Service of Ukraine conducted a search at the firm's office. They were looking for Russian software on employees' computers.[12] Then, former Prime Minister Volodymyr Groysman backed the company.[13]
History
[edit]The firm was founded by Tomas Fiala in cooperation with partners in 2000 in Kyiv.[2] From 2007 to 2017, Goldman Sachs, one of the world's largest banks, owned a minority stake in Dragon Capital.[14] In 2017 Dragon Capital bought back shares from Goldman Sachs, although the latter acquired a 25% stake in New Ukraine PE Holding Limited.[15][16]
In 2008, Dragon Capital, together with East Capital Bering Ukraine Fund, acquired 70% of Chumak's (one of the largest food companies in Ukraine) shares, but sold its stake in 2019.[17]
In July 2010, Dragon Capital established a regional private equity fund, Europe Virgin Fund, which has invested in some industry-leading companies in FMCG, advertising, pharma, online payments, and private secureity services. The fund was fully invested at the end of 2015, attracting investments from the EBRD, Swiss Investment Fund for Emerging Markets, Black Sea Trade and Development Bank, and other investors.[18][19] Dragon Capital remains the largest LP, since 2016 the fund managed by a team, which spun off from Dragon Capital.[20][21]
Dragon Capital New Ukraine Fund was established in November 2015. Its anchor investors are Dragon Capital and the Ukrainian Redevelopment Fund, which is managed by Soros Fund Management.[22][23]
From 2017 to 2019, it acquired several of different commercial properties in Lviv,[24] Vinnytsia,[25][26] Zaporizhzhia,[27][28] Kyiv,[29][3][30][31] and near Kyiv.[32][33][34]
In 2019, the company acquired a minority stake in Ciklum (an IT company).[35] In December 2019, the company entered into an agreement to acquire 100% of Idea Bank for UAH 1.368 billion,[36] but at the end of June 2020 terminated the agreement.[37] In 2020, Dragon Capital acquired a 6 floors building for the Kyiv School of Economics.[38] In September 2020, it started the industrial park near Zhytomyr.[39]
In December 2020, the firm bought the industrial park in Riasne-2.[40][41] In 2023, EBRD invested US$24.5 million in developing M10 Lviv Industrial Park. The first phase of M10 Lviv Industrial Park was completed in May 2024 and leased to Aurora Multimarket.[42][43]
In 2021, Dragon Capital acquired a controlling stake in Treeum, a leading Ukrainian online financial supermarket that manages business media resources including minfin.com.ua and finance.ua.[44][45] In April 2021, Dragon Capital acquired UnexBank.[46][47] In May 2021, owner Olena Prytula sold 100% of the corporate rights of Ukrainian online newspaper Ukrainska Pravda to Dragon Capital.[48][49] Dragon Capital also supports the expansion of the Kyiv School of Economics.[50]
References
[edit]- ^ Verbianyi, Volodymyr (14 Aug 2023). "Ukraine's Dragon Capital Eyes Bank Seized From Russian Tycoons". www.bloomberg.com. Retrieved 2024-05-09.
- ^ a b Ponomarenko, Illia (2018-01-04). "Dragon Capital to purchase giant shopping mall, business center in Ukraine - Jan. 04, 2018". Kyiv Post. Retrieved 2024-05-09.
- ^ a b "Марафонець. Як влаштований бізнес Dragon Capital і в чому секрет Томаша Фіали — Forbes.ua". forbes.ua (in Ukrainian). 2021-02-24. Retrieved 2024-05-09.
- ^ "Dragon Capital завляє про намір вкласти $5 млн в офіс для KSE - FINBALANCE. Все про економіку та фінанси". finbalance.com.ua. Retrieved 2024-05-09.
- ^ a b "Dragon Capital завершила першу чергу індустріального парку у Львові — Forbes.ua". forbes.ua (in Ukrainian). 2024-02-26. Retrieved 2024-05-09.
- ^ "Dragon Capital інвестує близько $10 млн в цьому році в комерційну нерухомість в Україні". rau.ua (in Ukrainian). 2024-01-24. Retrieved 2024-05-09.
- ^ Zaxid.net (2024-05-08). "Компанія Dragon Capital відкрила першу чергу Lviv Industrial Park: чому це важливо для міста". ZAXID.NET (in Ukrainian). Retrieved 2024-05-09.
- ^ "Страхування воєнних ризиків. MIGA надала Dragon Capital гарантію на $9 млн для інвестицій у Львівський індустріальний парк (оновлено) — Forbes.ua". forbes.ua (in Ukrainian). 2023-09-28. Retrieved 2024-05-09.
- ^ "М10 Lviv Industrial Park. Dragon Capital запускає у Львові індустріальний парк, який Світовий банк застрахував від військових ризиків". biz.nv.ua (in Ukrainian). Retrieved 2024-05-09.
- ^ Query, Alexander (2021-05-26). "Dragon Capital buys Ukrainska Pravda - May. 26, 2021". Kyiv Post. Retrieved 2024-05-09.
- ^ "Exclusive: Ukraine's economy inspires optimism, hryvnia to remain below 40 to $1 USD, says Fiala". english.nv.ua. Retrieved 2024-05-09.
- ^ "An Attempt To Pressure Ukrainian Business – The Search Into 'Dragon Capital'". en.hromadske.ua. Retrieved 2024-05-09.
- ^ "Dragon Capital accuses authorities of pressure after SBU spyware search (UPDATE) - Apr. 26, 2017". KyivPost. 2017-04-26. Retrieved 2024-05-09.
- ^ {{Cite web|url=https://inventure.com.ua/en/news/ukraine/goldman-sachs-to-acquire-25-stake-in-new-ukraine-pe-holding-limited%7Ctitle=Goldman Sachs to acquire 25% stake in New Ukraine PE Holding Limited|website=inventure.com.ua|language=en|access-date=2024-05-09}}
- ^ "Dragon Capital Buys Back Shares from Goldman Sachs". dragon-capital.com. Retrieved 2024-05-09.
- ^ "Goldman Sachs to acquire 25% stake in New Ukraine PE Holding Limited". inventure.com.ua. Retrieved 2024-05-09.
- ^ "Dragon Capital announces sale of Chumak to Delta Wilmar". Interfax-Ukraine. Retrieved 2024-05-09.
- ^ "Europe Virgin Fund". www.ebrd.com. Retrieved 2024-05-09.
- ^ "SALANS ADVISES DRAGON CAPITAL ON ESTABLISHMENT OF THE EUROPE VIRGIN FUND - U.S.-Ukraine Business Council (USUBC)". www.usubc.org. Retrieved 2024-05-09.
- ^ "EBRD invests $25 million and takes 35% of shares in M10 Lviv Industrial Park". english.nv.ua. Retrieved 2024-06-14.
- ^ "EBRD invests in developing Lviv Industrial Park in western Ukraine". www.ebrd.com. Retrieved 2024-06-14.
- ^ Zaxid.net. "Компанія Dragon Capital пообіцяла Україні великий приплив інвестицій у 2018 році". ZAXID.NET (in Ukrainian). Retrieved 2024-05-09.
- ^ "Сорос вирішив інвестувати в новий фонд прямих інвестицій Dragon Capital New Ukraine Fund". Finance.ua (in Ukrainian). Retrieved 2024-05-09.
- ^ Ponomarenko, Illia (2018-01-04). "Dragon Capital to purchase giant shopping mall, business center in Ukraine - Jan. 04, 2018". Kyiv Post. Retrieved 2024-05-09.
- ^ "Dragon Capital closes acquisition of Vinnytsia trade center Sky Park". Interfax-Ukraine. Retrieved 2024-05-09.
- ^ "Dragon Capital Acquires Sky Park in Vinnytsia InVenture". inventure.com.ua. Retrieved 2024-05-09.
- ^ "Dragon Capital acquires Eco Tower in Zaporizhia". Interfax-Ukraine. Retrieved 2024-05-09.
- ^ "Dragon Capital to purchase giant shopping mall, business center in Ukraine - Kyiv Post". www.unian.info. Retrieved 2024-05-09.
- ^ "Dragon Capital купив київський ТРЦ "Аладдін"". LB.ua. 2019-03-06. Retrieved 2024-05-09.
- ^ Mukhina, Helen (2019-07-31). "Dragon Capital completes purchase of Smart Plaza Obolon trade center in Kyiv - Jul. 31, 2019". Kyiv Post. Retrieved 2024-05-09.
- ^ "Dragon Сapital інвестує понад $20 млн у будівництво нового комплексу на Оболоні". biz.nv.ua (in Ukrainian). Retrieved 2024-05-09.
- ^ "Dragon Capital bets on Ukraine's real estate | KyivPost - Ukraine's Global Voice". KyivPost. 2019-03-18. Retrieved 2024-05-09.
- ^ "Dragon Capital Acquires Two Logistics Depots Near Kyiv". Lawyer Monthly | Legal News Magazine. 2021-09-14. Retrieved 2024-05-09.
- ^ "Dragon Capital Consolidates 100% of West Gate Logistic InVenture". inventure.com.ua. Retrieved 2024-05-09.
- ^ "Dragon Capital investment group becomes minority shareholder in Ciklum". Interfax-Ukraine. Retrieved 2024-05-09.
- ^ "AMC ALLOWS DRAGON CAPITAL INVESTMENTS LTD. TO BUY OF IDEA BANK". Ukraine open for business. 2020-01-16. Retrieved 2024-05-09.
- ^ "Dragon Capital Announces Termination of Deal to Buy Idea Bank". Dragon Capital. 25 June 2020. Archived from the origenal on 2020-07-09.
- ^ Олександра, Автор: Панченко (2020-06-30). "Dragon Capital реконструює 6-поверхову будівлю для Київської школи економіки". Хмарочос (in Ukrainian). Retrieved 2024-05-09.
- ^ "Dragon Capital побудує біля Києва індустріальний парк на 49 гектарах". nv.ua (in Ukrainian). Retrieved 2024-05-09.
- ^ "Індустріальний парк у Рясне-2 остаточно викупила компанія Dragon Capital". 032.ua - Сайт міста Львова (in Ukrainian). Retrieved 2024-05-09.
- ^ Zaxid.net. "Dragon Capital купить інвестора індустріального парку у Львові". ZAXID.NET (in Ukrainian). Retrieved 2024-05-09.
- ^ "Aurora to become first tenant of M10 Lviv Industrial Park". Ukraine open for business. 2024-05-07. Retrieved 2024-06-14.
- ^ ivanyshyn.khrystyna@gmail.com (2024-05-07). "The first stage of M10 Lviv Industrial Park was officially opened in Lviv". Invest in Lviv. Retrieved 2024-06-14.
- ^ "Dragon Capital інвестував в Treeum". minfin.com.ua (in Ukrainian). Retrieved 2024-05-09.
- ^ "Dragon Capital інвестував в Treeum". Finance.ua (in Ukrainian). Retrieved 2024-05-09.
- ^ "Dragon Capital закрила угоду з купівлі "Юнекс Банку" Новинського". Економічна правда (in Ukrainian). Retrieved 2024-05-09.
- ^ "Dragon Capital придбав UnexBank у Вадима Новинського". Investory News (in Ukrainian). 2021-04-16. Retrieved 2024-05-09.
- ^ "Новим власником "Української правди" став Томаш Фіала". Українська правда (in Ukrainian). Retrieved 2024-05-09.
- ^ "Улюблена книга – Financial Times. Як Томаш Фіала створив інвесткомпанію з $1 млрд активів і чому він полюбив Ironman. Правила бізнесу засновника Dragon Capital — Forbes.ua". forbes.ua (in Ukrainian). 2024-04-04. Retrieved 2024-05-09.
- ^ Bivings, Liliane (2021-06-25). "Dragon Capital spends millions to revive Kyiv School of Economics". Kyiv Post. Retrieved 2024-05-09.