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Newsroom / Press Releases
Dragon Capital Expands to Czech Republic
KYIV, UKRAINE, September 25, 2002 – The Kyiv-based investment bank Dragon Capital, the winner of Euromoney’s Best Equity House in Ukraine 2002 Award, today announced the opening of its office in Prague.
By starting operations in the Czech Republic, Dragon Capital aims to expand its growing M&A business outside Ukraine and market investment opportunities in the country to a wider audience, namely multinational companies with offices in the Central European region as well as Czech companies.
“We have observed an increasing number of companies which have succeeded in the Central European markets and are now looking for new opportunities further east. Ukraine, with its tremendously improved macroeconomic picture and enormous natural and human resources, becomes a logical target,” said Dragon Capital’s corporate finance director, Kamil Goca.
“We are delighted that clients, who enjoyed our experience, reliability and professionalism in the challenging environment of Ukraine, are requesting our services also in Central Europe,” he added, outlining Dragon Capital’s reasons for establishing the Prague office.
Goca, who will head Dragon Capital’s corporate finance team out of Prague, is a graduate of the Prague University of Economics. He has seven years' research, asset management and corporate finance experience in the Central European markets. Before co-founding Dragon Capital, he worked for the Prague-based investment bank Wood & Company.
Dragon Capital was established in Kyiv in spring 2000 by a group of Czech and Ukrainian investment professionals with experience in Ukraine and other Central and Eastern European markets. Besides growing into the leading equity broker in Ukraine, today Dragon Capital is also one of the country’s largest investment banks in terms of corporate finance services.
Over the past year and a half, the company has concluded over 15 transactions for foreign and domestic investors. In particular, Dragon has managed M&A and privatization deals for Bongrain, the world's leading cheese producer, Interbrew, one of the world's beer leaders, and RusAl, the world's second largest aluminum producer.
In July, one of the world’s leading financial magazines, Euromoney, named Dragon Capital the best equities house in Ukraine, highlighting Dragon’s rapid ascension from a newcomer to Ukrainian capital markets just two years ago to the country’s leading investment bank today.
It is symptomatic that Euromoney, which did not consider the Best Equities House award for Ukraine over the past several years, returned the accolade this year, just as Ukraine’s stock market, depressed by the fallout from the 1998 crisis in Russia, has staged a dramatic rebound. The KP-Dragon Index, which tracks the 10 most liquid Ukrainian stocks, has risen by over 50% since the beginning of the year, reflecting Ukraine’s strong macroeconomic fundamentals and growing attention toward the country among foreign investors.
Taking avail of the improving environment, in March Dragon Capital entered into a cooperation agreement with Auerbach Grayson & Company Inc. of New York to become the only investment company in Ukraine with access to a wide network of U.S. institutional clients. Dragon’s agreement with Auerbach yielded its first results already in July, when the two investment banks organized a successful road show in the United States for Ukrnafta, Ukraine’s largest oil company and its top blue chip.
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