Bratislava, March 16, 2010 – Arca Capital and Južspecstroj, one of the most prominent Ukrainian construction companies, agreed on a strategic partnership the goal of which is to develop Kharkovmetrostroj. This collaboration will enable the formation of a strong corporation that will become the construction company leader in Ukraine.
Arca Capital owns a 38% share in Kharkovmetrostroj. The majority package of 50+1 shares in this prominent construction company was acquired a few days ago from the state property fund by the Ukrainian construction company Južspecstroj.
An agreement on the joint development of the Kharkovmetrostroj construction firm was signed between Južspecstroj and the Arca Capital group. This combines the private equity experience of Arca Capital with the construction know-how of Južspecstroj.
Južspecstroj has been active in the construction industry area since 1962. The most significant Južspecstroj project was the construction of a facility system for the main upstream waterway from the Dneper-Donbas channel into the city of Kharkov. The construction of this waterway was the most important and technologically complex facility for drinking water supply to remote locations that has ever been built in Ukraine.
By connecting these two subjects, the strong corporation of the majority stockholders will be created enabling Kharkovmetrostroj to win new contracts following the construction of the Kharkov subway, develop profile production, create more jobs, and establish itself in new markets.
About the Arca Capital group
Arca Capital is a private equity and real estate group holding with representation in Slovakia, Czech Republic, Ukraine, and Great Britain. The group invests in companies from sectors including the food industry, construction industry, machine industry, and information technology. Arca Capital also focuses its operations on development activities, specifically in Slovakia and Ukraine. In 2008 Arca Capital founded the first autonomous fund of qualified investors in Czech Republic – Arca Capital CEE, the finances of which are (among others) directed into private equity investments. Arca Capital currently manages assets in total value of more than EUR 150 million and employs in excess of 4000 employees in portfolio companies.
About Južspecstroj
Južspectroj is the largest construction company in Ukraine. It was founded in 1962 and has a leading position in the construction industry primarily thanks to having experienced professionals and technical workers, as well as actively utilizing new technologies. The company is active mainly in the area of construction, planning, pipe maintenance, reconstruction, and construction design. Examples of Južspectroj projects include the construction of a water reservoir and a gasoline production plant, as well as the reconstruction of a hydro energy complex. The most significant project is the development of a main upstream waterway for drinking water into Kharkov.
For more information contact:
Monika Dobrovodská
Marketing & PR Manager
Arca Capital
Tel.: (+421) 258 253 514
Cell: (+421) 903 771 656
e-mail: dobrovodska@arcacapital.sk
www.arcacapital.sk
