The investment company UMG Investments from SCM Group of Rinat Akhmetov has received a mandate to carry out two or three investments annually of up to $10 million each as a minority partner, SCM Head Oleh Popov has said.
“UMG Investments is ready for any partnerships – they have a mandate to enter projects as minority shareholders, and make investments up to $10 million … per transaction. They should bring 2-3 such transactions per year,” he said in an interview with Ekonomichna Pravda.
According to Popov, the main criteria are potential and innovativeness, but SCM has expectations for the return of these investments, but he did not specify the minimum profitability.
The head of the group recalled that in addition to new third-party projects, UMG Investments, headed by Andriy Gorokhov and Nadiya Kaznacheyeva, is also looking for additional projects with high profitability at all SCM industrial assets, including waste treatment.
As an example of implemented investments, Popov named the production of protein feed additives for animals Feednova with partners from the Effective Investments group of companies and Dutch-based Mada Participations B.V., the Ukrainian Mineral Fertilizers enterprise for the production of ammonium sulfate, projects for the coherent utilization of coal mine methane and the construction of a grain terminal.
As reported, at the end of March this year, Gorokhov confirmed the strategic plans for further investment in Ukraine, estimating the volume of UMG Investments’ investments at over $40 million annually.