Some Ukrainian private equity firms have delivered better returns than anticipated.

In 2024, UMGI’s portfolio companies demonstrated significant growth, generating $262.21M in gross revenue, nearly 1.5 times higher than the previous year. That year, the private equity firm focused on strategically supporting its current portfolio, expanding its international network, and integrating Ukrainian businesses into European markets. Many portfolio companies increased their service and product deliveries, enabling them to significantly boost revenue and contribute USD 23.75M in taxes in the countries where they operate, reflecting a 189% increase compared to 2023.

ARNOX, a comprehensive operator involved in processing and selling rare and technical gases, entered new market segments and launched product supply operations for the US space industry.

In 2024 alone, UMGI’s portfolio companies invested $3M in capacity expansion, with 76% allocated to constructing new production facilities, procuring equipment, and acquiring other long-term assets.

Moreover, Feednova initiated the first construction stage of its second plant in central Ukraine. The project aims to enhance national food security and develop the animal by-product processing industry under European standards.

UMGI’s investment portfolio covers eight assets in seven countries: Ukraine, Poland, Turkey, Spain, Italy, Romania, and Serbia. The portfolio’s total estimated market value is $500M.