UGF III

The third Ukrainian Growth Fund is a $60 million fund that began investing in late 1997, with the majority of its capital invested after the 1998 Russian financial crisis. The fund made a total of 34 investments, with most of its capital used to acquire majority positions in companies. UGF III invested in Cable TV and Media, Software Development, Food & Beverage, and Electrical Utilities, among others. The fund is now closed, harvesting its remaining investments, and distributing funds to investors.

Enterprise Name

Industry sector

Short Overview

Poltava Confectionery

Food & Beverage

Poltava Confectionery is one of the most successful confectionery producers in Ukraine. Poltava Confectionery produces over 200 types of candy and sweets. Its products include chocolate, baked goods, caramel, marshmallows, marmalade, toffee, and diabetic goods. The company's products are popular both in Ukraine and abroad, so its production facilities are used near their full capacities.

Softline

Software Development

The company was established in 1995. Today, Softline CJSC is one of the largest developers of information systems in Ukraine. The company performs reengineering, develops complex information systems for corporate clients, and provides IT/software consulting services. The company also develops software for foreign companies.

Softline is an official partner of such world-famous companies as Digital/Compaq, Microsoft, Hewlett-Packard, Informix, Merisel, SAP, Sun Microsystems, Oracle, Serena, Epsylon Technologies, and Borland/Inprise.

The list of Softline's customers includes some largest Ukrainian companies, such as Ukrtelecom, PrivatBank, Ukrainian Mobile Communication, Ukrnafta, Kyivstar GSM, Ukrposhta, and others.

Volia group

Telecommunication

Volia is the largest cable operator in Ukraine and the first cable operator in FSU to offer digital cable, broadband Internet and other services.

Company was formed through the consolidation of four separate SigmaBleyzer buyouts and additional investment in new fiber optic network buildout.

In 2001, company constructed new Call Center.

Today, Volia covers more then 90% of the cable market in Kiev (over 860,000 homes passed).

Enterprise Name	Industry sector	Short Overview
Poltava Confectionery	Food & Beverage	Poltava Confectionery is one of the most successful confectionery producers in Ukraine. Poltava Confectionery produces over 200 types of candy and sweets. Its products include chocolate, baked goods, caramel, marshmallows, marmalade, toffee, and diabetic goods. The company's products are popular both in Ukraine and abroad, so its production facilities are used near their full capacities.
Softline	Software Development	The company was established in 1995. Today, Softline CJSC is one of the largest developers of information systems in Ukraine. The company performs reengineering, develops complex information systems for corporate clients, and provides IT/software consulting services. The company also develops software for foreign companies. Softline is an official partner of such world-famous companies as Digital/Compaq, Microsoft, Hewlett-Packard, Informix, Merisel, SAP, Sun Microsystems, Oracle, Serena, Epsylon Technologies, and Borland/Inprise. The list of Softline's customers includes some largest Ukrainian companies, such as Ukrtelecom, PrivatBank, Ukrainian Mobile Communication, Ukrnafta, Kyivstar GSM, Ukrposhta, and others.
Volia group	Telecommunication	Volia is the largest cable operator in Ukraine and the first cable operator in FSU to offer digital cable, broadband Internet and other services. Company was formed through the consolidation of four separate SigmaBleyzer buyouts and additional investment in new fiber optic network buildout. In 2001, company constructed new Call Center. Today, Volia covers more then 90% of the cable market in Kiev (over 860,000 homes passed).