Soul Partners, the independent investment banking boutique in Ukraine, under the USAID Economic Resilience Activity Project is raising over $8 million to develop four enterprises: Agro Master Plus LLC, Kod Zdorovia LLC, private enterprise Magistr and Azovtechgas LLC.
“Investment banking services are normally afforded by large companies. But USAID Project gives small regional enterprises an opportunity to attract investments,” Managing Partner of Soul Partners Vitaliy Provotorov said.
According to the document, the manufacturer of hydraulic cylinders and hydraulic distributors Agro Master Plus LLC (Melitopol, Zaporizhia region) needs, according to preliminary estimates, $1 million for the purchase of equipment and software, construction and repair of industrial buildings, replenishment of working capital.
The medical center of Kod Zdorovia LLC (Mariupol, Donetsk region) needs more than $3.6 million for the construction and launch of a department for cancer treatment, in particular for the purchase of high-tech equipment, the company said.
According to it, the manufacturer of hydraulic cylinders, private enterprise Magistr (Semenivka village, Melitopol district, Zaporizhia region) will receive over $3 million to expand production capacity in an effort to increase the volume of exports to global markets, and Azovtechgas LLC (Mariupol) requires about $1 million for the purchase of equipment for expanding the scope of activities.
Soul Partners said that the companies, which were selected for cooperation are the leaders in their niche and meet the defined criteria for investments attraction. Those are companies having fewer than 250 employees, an annual turnover of up to EUR 40 million or a balance sheet total of no more than EUR 20 million. Preferences were granted to SMEs in agriculture (excluding commercial grain production), IT, innovative manufacturing, alternative energy and tourism.
“The investment attraction process for the abovementioned companies is still ongoing: Soul Partners expects to finalize the process till the end of 2021,” the company said.