Riding the private health care wave, Horizon Capital announced yesterday that its EEGF III has made a ‘successful exit’ from its 2-year investment in Dobrobut, Ukraine’s largest private healthcare provider.

The Horizon investment helped Dobrobut make two M&A investments – the purchase of Doctor Sam and Boris. Purchasers of the Horizon’s investment are Dobrobut’s two major shareholders: Igor Mazepa, Concorde Capital CEO, and Igor Kalashnikov, owner of the retail network of Luxoptika. Mazepa said: “We see great prospects in the development of the private medical sector. The market of medical services is estimated at $6 billion, while the need for quality services in Ukraine is very high and supply is insufficient. We have ambitions to occupy this niche.”