Horizon backs Makeup Group
Horizon Capital has acquired a significant minority stake in Ukraine-based online beauty products retailer Makeup Group, becoming its largest financial investor.
The GP is currently investing from its Emerging Europe Growth Fund III fund. The vehicle held a final close in January 2019 on its hard-cap of €200m, surpassing an original target of $150m. The fund deploys equity tickets of $5-20m in mid-cap companies.
With the new capital, the company plans to expand its operations to new markets in the European Union.
Company
Founded in 2009 and headquartered in Kyiv, Makeup Group is an online retailer specialising in beauty products. It operates in Austria, Belarus, Bulgaria, the Czech Republic, Germany, Hungary, Italy, Kazakhstan, Moldova, Poland, Romania, Russia, Slovakia and Ukraine, and works with 2,000 suppliers.
People
Horizon Capital – Lenna Koszarny (founding partner, CEO).
Makeup Group – Serhiy Volobuev (CEO).
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