Dragon Capital buys Ukraine's Radio-Era TRC

Following the deal, the company will receive an additional capital increase to support its technical modernisation, according to a statement.

The GP already owns Novoye Vremya, a Ukrainian weekly news magazine and internet portal. Following the transaction, Novoye editor-in-chief Vitaliy Sych will oversee the GP's media portfolio, while Valery Kalnysh, formerly head of newspaper Kommersant, Vesti Radio, and RBC-Ukraine internet portal, will take the leading role within Radio-Era.

Dragon Capital, Ukraine's largest investment bank, currently manages Europe Virgin Fund, a €75m buyout vehicle. The fund invests in businesses based in Ukraine, Moldova and Belarus, focusing on sectors including fast-moving consumer goods, industrials, communications, pharmaceuticals, media and technology.

Company
Based in Kiev, Radio-Era is a radio station operator. The company currently employs 116 people.

People
Dragon capital – Tomas Fiala (CEO).

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• Topics
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