HD-group announced the establishment of a $20 million investment fund

HD-group announced the establishment of a $20 million investment fund

The investment fund will be aimed at the consolidation of HD-group resources and the management of portfolio companies acquired in 2020-2021 and the implementation of new investments

The shareholders of HD-group Serhii Chekalskii, Boris Shestopalov and UK Agroservice 2000, which is a part of HD-group, have announced the establishment of «Fondovyi Kapital» («Fund Capital») investment fund.

The scope of assets of the investment fund will be $ 20 million.

The fund was created to consolidate the resources of HD-group, manage core acquisitions in 2020-2021, and implement direct as well as portfolio investments in the agri-food segment (processing, production and food start-up projects).

The Fund will be managed by the JSC «Asset Management Company «Slavutich-Invest».

Co-owner of HD-group Serhii Chekalskii

HD-group Сергей Чекальский

“By investing in the development of new business directions, we create new markets, new highly paid jobs, and make Ukraine interesting for international business. The more foreign capital the country has, the higher the country's overall security against external threats becomes.

Switzerland is one of the safest countries in the world, and this is not only due to the army system with reservists or its landscape. Nobody will attack Switzerland, because the whole world has its own interests there. These interests did not arise on their own – the Swiss created them and showed them to the world. Ukraine urgently needs to create and prove itself as a place, where the main geopolitical players can find and realize their business interests, as a matter of course, with a benefit for the Ukrainian economy and for us, its citizens”, Serhii Chekalskii, the co-owner of HD-group, commented.

Co-owner of HD-group Boris Shestopalov

HD-group Борис Шестопалов

“Establishing an investment fund is the next step in the development of HD-group. We have implemented most of the transformation project, created a whole set of internal services that ensure the functioning of all business processes related to the fulfillment of the core mission of the enterprises of HD-group – the delivery of high-quality and safe products to our customers. We think that the Holding is ready for not only organic market growth, but also inorganic one, through the acquisition of new enterprises”, Boris Shestopalov, the co-owner of HD-group, noted.

HD-group is a group of agri-food companies focused on B2B client. The group's operation dates back to 1998, under the brand name the Group of Companies «Hlibodar» in Zaporizhzhia.

The Group includes grain processing enterprises; bread and pastry factories; a jam and preserves plant; groceries; procurement and logistics companies.

In 2017, the Group launched a large-scale transformation. Changes occurred in six main areas: clustering of business areas with the development of key performance indicators; transition from a hierarchical to a matrix management system with the creation of a support hub that maintain all business areas; creation of an operational hub (back office), creation of an office for projects evaluation; development of an early response system and the use of operational internal communication.

In 2019, the Group of Companies «Hlibodar» was transformed into HD-group.

Nowadays, HD-group functions as an agri-food platform, operating as a service center with a set of outsourcing functions in the B2B market – from the production of goods (within operating production areas) to the provision of procurement and logistics services.

Source: Liga

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