Capital Times Investment Banking Company (Kyiv) intends to launch a fund in the near future aimed at investing in companies that rethink the future of technology, health and sustainable development, according to the Ukrainian Venture Capital Association (UVCA).
“We already have a portfolio of 9 investments, including 3 exits. Now, with the new fund, we are pleased to continue our journey, providing the necessary resources, mentoring and strategic support to help companies scale and succeed,” Capital Times Managing Partner Sergiy Goncharevich said in a release.
It is noted that Capital Times joined UVCA in July. The company’s website also says that in July this year it also became a member of the IT Ukraine association.
“For Capital Times, the IT sector is a priority area for M&A in Ukraine. In recent years, deals in this sector have been leading in terms of number and value. Despite the market transformation, we see significant potential and opportunities for development,” the company commented on joining the association.
According to the releases, Capital Times has 18 years of experience in providing M&A solutions. It is a member of the international network of M&A advisors Globalscore Partners, with 38 deals in its portfolio and 260 completed projects in various sectors of the economy.
In addition to Kyiv, the company also has offices in Chisinau (Moldova) and Poznan (Poland).
The company’s declared focuses are FoodTech, FinTech, HealthTech, MilitaryTech, and EdTech.
The owners of the Capital Times investment company with offices in Ukraine and Belarus, Sergey Goncharevich and Eric Nayman, divided their business into B2B and B2C, keeping the Capital Times brand for Goncharevich’s B2B, Nayman said.
“My longtime partner Sergey Goncharevich and I decided to split Capital Times into two parts. (…) The combination of two completely different business models under one Capital Times brand no longer made economic sense. The Capital Times brand remained with my previous partner Sergey Goncharevich,” he wrote in his YouTube address.
Nayman indicated that he would be engaged in wealth management and B2C in general under the Hugs brand.
According to him, Goncharevich, in turn, will continue to work in the direction of B2B and in the field of corporate finance, he will help companies in finding financial resources, and owners – to buy or sell a business.
Capital Times was founded in 2006 and specializes in investment consulting and wealth management. The main offices of the company are located in Kyiv and Minsk. The managing partners of the company are Erik Nayman, a member of the Council for Economic Development under the government of Ukraine, and Sergey Goncharevich.
HUG’s company specializes in investment consulting. It has over 300 active accounts with Interactive Brockers, over UAH 400 million under management and conducts over 150 transactions daily.
