- Euroventures Ukraine Fund II (EVU II)
 Korsando Limited
Kyiv, Ukraine
| Date of initial Investment: | August, 2006 | | Percent of shareholding EVU II: | 37.2% | | Percent of shareholding UKRO: | 23.2% | | Total investment size EVU II: | US$ 10.2 mln. | | Total investment size UKRO: | US$ 6.3 mln. | | Projected Exit Period: | 2010 |
Company Business
Korsando is a multi-purpose privately owned real estate development Company created in 2003. The Company focuses on less risky and less speculative sub sectors of the Ukrainian property market: commercial offices, warehousing and retail freeholds. Investments in residential property are considered only if they are made at the final stage of development, thus representing insignificant risks. The Company concentrates on the Kyiv municipality, but also considers deals in regions where it would be advantageous. As of today, the Company dedicates most of its resources to four projects: Premier residential apartments on Kruglouniversitetskaya Street in Kyiv, Korsando City, "all-in-one" residential community in Kyiv region, Vinnitsa office and trade centre, and residential high-rise apartment building in Kyiv. All projects provide co-investment opportunities.
Summary Financials (in US$ million): | Year: | 2006 | 2007 | | | Sales: | n/d* | n/d* |
* Figures are not disclosed by the Company
- Chalsen Trade, Ltd.
Kyiv, Ukraine
| Date of initial Investment: | March, 2007 | | Percent of shareholding EVU II: | 37.0% | | Percent of shareholding UKRO: | 19.3% | | Total investment size EVU II: | US$ 3.9 mln. | | Total investment size UKRO: | US$ 2.1 mln. | | Projected Exit Period: | 2012 |
Company Business
Chalsen Trade is the Company which operates a fast growing Ukrainian drugstore chain Vitalux. The Company was founded in 2003, and that autumn it opened the first drugstore in Kyiv. "Vitalux" is a dynamic-growing "Western European style" drugstore chain, offering a wide range of health and beauty products: pharmaceutical and parapharmaceutical products, household products, baby and beauty care products as well as ocular related products in a consumer friendly format. A team of professionals is trying to gain an advantage over its competitors in pharmaceutical retail market, introducing the latest innovations of pharmaceutical market and business technology. During 2003-2009, the Company has expanded substantially its drugstore chain and offered new additional services: Internet pharmacy store, call center and home delivery. Currently, the Company is operating 26 drugstores and kiosks in Kyiv and 4 - in regions. The strategic objective of the Company is to become a market leader of the Ukrainian health and beauty care products retail market.Summary Financials (in US$ million):
| Year: | 2006 | 2007 | | | Sales: | n/d* | n/d* |
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* Figures are not disclosed by the Company  - Vivaldroni Enterprises, Ltd.
Moscow, Russia
| Date of initial Investment: | July, 2007 | | Percent of shareholding EVU II: | 22.8% | | Percent of shareholding UKRO: | 14.3% | | Total investment size EVU II: | US$ 5.6 mln. | | Total investment size UKRO: | US$ 3.5 mln. | | Projected Exit Period: | 2010 |
Company Business
Vivaldroni Enterprises is the Company which operates a leading Russian chain of indoor family entertainment centers (FEC) Star Galaxy. The Company was founded in 1999. The target audience of Star Galaxy FEC is young children ages 4 to 12 with parents and teenagers. Company's Family Entertainment Centres feature a wide selection of indoor rides and attractions, manufactured by leading American and European companies. As of today, the Company is operating 22 centers - 8 in Moscow and Moscow Region, 2 in St. Petersburg, and 12 in large Russian regional centers. Regional expansion is the cornerstone of the strategy. Summary Financials (in US$ million): | Year: | 2007 | 2008 | | | Sales: | n/d* | n/d* |
* Figures are not disclosed by the Company Anthoreal Estates, Ltd.    Kyiv, Ukraine | Date of initial Investment: | September, 2007 | | Percent of shareholding EVU II: | 25.9% | | Percent of shareholding UKRO: | 16.2% | | Total investment size EVU II: | US$ 7.4 mln. | | Total investment size UKRO: | US$ 4.6 mln. | | Projected Exit Period: | n/d* |
Company Business
Anthoreal Estates is the Company which operates a fast growing Ukrainian fast food chain. The company was founded in 2001 and in 2003 it opened 4 fast food outlets under the brand ‘Smachna Kartoplya' (Tasty Potato). During 2005-2006 the Company introduced 3 new formats: "Coffee Time", "Drova" and "Planeta Piva" (the Planet of Beer). In 2007 Anthoreal Estates re-branded the MacSmak chain of pizzerias that were acquired in 2006 into its own trade-mark "Papa John". By the end of 2007 the total number of cafes in Kyiv reached 58, and by the end of 2008 - grew to 66. Summary Financials (in US$ million): | Year: | 2007 | 2008 | | | Sales: | n/d* | n/d* |
* Figures are not disclosed by the Company - Chanero Limited
Kyiv, Ukraine
| Date of initial Investment: | August, 2008 | | Percent of shareholding: | 17.4% | | Total investment size: | US$ 11.2 mln. | | Projected Exit Period: | 2010 |
Company Business
Chanero Limited is the Company which operates a fast-growing vehicle leasing Company Euro Leasing in Ukraine. The company offers financial and operating leases including value-adding services such as fleet management to corporate clients across the country. Its majority is owned by Atoll Holding, a diversified group of companies involved in production and distribution of cars throughout the country and the third largest Ukrainian automotive group. Founded in 2005, by 2008 the company already had reached a lease portfolio of UAH 621 mln. Summary Financials (in US$ million): | Year: | 2008 | 2009 | | | Sales: | n/d* | n/d* |
* Figures are not disclosed by the Company NQ Investments Limited
Kyiv, Ukraine  Date of initial Investment: | March, 2009 | Percent of shareholding: | 60.0% (50.0%*) | Total investment size: | US$ 3.2 mln. | Projected Exit Period: | 2014 |
* on non-diluted (fully diluted) basis Company Business NQ Investments Limited operates the business on production and distribution of instant foods in Ukraine, which was launched in 2003 by experts in this sector. Instant noodles are the main Company's product. The Company produces also such instant foods as potato mash and buckwheat in various packages. Additionally, the Company produces traditional egg noodles, instant soups, and spices. The Company sells all its products under the TM Sprytny Kukhar (namely Quick Cook), which is well-known with Ukrainian consumers. The production facility is located in Kanev, Cherkassy Region. The plant is just 120 km away from Kyiv and is very close to major transportation routes. Summary Financials (in US$ million): * Figures are not disclosed by the Company Northern Lights Ventures Inc.
Kyiv, Ukraine  | Date of initial Investment: | August, 2009 | | Percent of shareholding: | 95.0% (76.0%*) | | Total investment size: | US$ 9.5 mln. | | Projected Exit Period: | 2014 |
* on non-diluted (fully diluted) basis Company Business Northern Lights Ventures Inc. is the Company that operates AB Ukraine (or Airbites), a unique broadband Internet provider with an excellent growth prospects facilitated by further growth of Ukrainian telecom market. AB Ukraine was originated by Swisscom, leading telecom company from Switzerland, in 2006. The network in 5 cities (Lviv, Kharkiv, Odessa, Ivano-Frankivsk, and Khmelnytsky) was created according to the latest standards in the telecom industry. Through efficient green-field deployments in Western region (Lviv, Ivano-Frankivsk, and Khmelnytsky) and acquisitions, integration and upgrading of neighborhood networks in Kharkiv and Odessa, AB Ukraine had more than 27,000 residential and business customers as of mid-2009. New value-added services (Internet Protocol Television (IPTV), Video on Demand (VoD), Voice over Internet Protocol (VoIP) and other) could be quickly launched. IPTV project is being already piloted in Lviv. Summary Financials (in US$ million): * Figures are not disclosed by the Company Holding Retail Ltd.  Maxaren Enterprises Ltd.Lutsk, Ukraine | Date of initial Investment: | June, 2010 | | Percent of shareholding: | 27.0% | | Total investment size: | n/a* | | Projected Exit Period: | 2014 |
Company Business Holding Retail Ltd. and Maxaren Enterprises Ltd. were created to correspondingly control operating business and real estate component of Ukrainian chain of supermarkets which run under the names of Kolibris (the traditional supermarkets with an average trading area close to 500 sq. m and 5,600-11,500 SKUs (stock keeping units) depending on the area and location) and NASH! (discounter format with a larger area of 1,000 sq. m and 8,500 SKUs sold mostly in bulk). The business in Ukraine was launched in 1994 with its headquarters in Lutsk. The initial activity was the distribution of TM Torchyn (subsequently sold to Nestle). In 2000, capitalizing on his food wholesaling expertise, the Founder decided to enter the underdeveloped regional food retail market by opening 2 supermarkets in Lutsk and Lviv. Since then, the Company managed to become one of the leading retail chains in Western Ukraine with 23 stores as of mid-2010 and total area of approximately 30 thousand square meters. Summary Financials (in US$ million): * Figures are not disclosed by the Company
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