EY Ukraine advised Horizon Capital in connection with its investment in GoIT. Capital Growth Fund IV (HCGF IV) managed by Horizon Capital, acquired a minority stake in the company and became its strategical investor.
The multi-disciplinary team of EY experts acted as an advisor to the investor and conducted financial, legal, taх, IT and ESG due diligence, as well as provided preparation of transaction documents, participated in negotiations and provided deal signing and closing support. EY project team was led by Bogdan Malniev, Partner. The financial part was managed by Larysa Marchenko, Partner, with the support from Yevgenii Sova, Manager, and Sergii Svirin, Senior Associate. The tax part was managed by Igor Chufarov, Partner, with the support from Sergii Apolonov, Senior Manager, and Pavlo Chepkov, Manager. The IT part was managed by Dmytro Lazuchenkov, Partner, with the support from Nataliia Tusina, Manager. The ESG part was managed by Olena Dreval, Counsel, with the support from Kostiantyn Taranets, Counsel, and Lillia Bernatska, Senior Associate. The legal part was managed by Bogdan Malniev, Partner, with the support from Andrii Kornuta, Senior Associate, Denys Kolesnychenko, Associate, and Yurii Tokarets, Associate.
“We were delighted to support Horizon Capital in a significant milestone — one of the first investments from the new fund HCGF IV. This underscores Horizon Capital's commitment to bolster Ukraine’s business resilience, with a specific focus on the dynamic EdTech sector that plays a pivotal role in shaping the country's future. EY Ukraine are proud of contributing our expertise to facilitate this strategic investment, further extending our dedication to fostering growth and innovation in Ukraine's business landscape”, — commented Bogdan Malniev, Partner.
For more information about this deal, please visit Horizon Capital website.
We are pleased to remind that EY Ukraine previously multiple times advised Horizon Capital on its investments, including on investments in e-commerce leader Rozetka, leading dollar store player Avrora, e-commerce platform for medicine delivery Liki24, e-commerce beauty leader MakeUp, leading smart security manufacturer Ajax Systems, fast-growing IT outsourcing company Intellias and others.
About GoIT
GoIT is a leading global edtech company, with a mission to democratize engineering education for the digital professions of today and tomorrow. Founded in Ukraine, the company expanded to Poland, Romania, Mexico, Colombia and Philippines with their educational offering, aiming to enter two new markets each year. It has helped thousands of career switchers secure jobs in the IT sector with 850+ tech employers hiring GoIT alumni. Beyond its core business, the company launched GoITeens, a pre-college offering aiming to boost access to high quality STEM education and Neoversity, the pioneer online Tech Masters program with internationally recognized diplomas. GoIT was recognized by the Ministry of Digital Transformation of Ukraine as the #1 institution by number of employed alumni as part of IT Generation program. GoIT is led by serial entrepreneur, managing shareholder, Roman Korytskyy, and CEO, Anton Chorny, a Forbes 30 under 30 protagonist.
About Horizon Capital
Horizon Capital is the leading private equity firm in Central and Eastern Europe with over 29 years of investment experience in the region, managing over $1.5 billion through funds backed by over 40 institutional investors with a capital base exceeding $630 billion. Horizon Capital-managed funds have invested in over 172 companies employing more than 80,000 people in the region. This transaction marks the firm’s second investment from its latest fund, Horizon Capital Growth Fund IV (HCGF IV), which reached $298 million at its most recent closing held September 28, 2023.
About EY
EY exists to build a better working world, helping to create long term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy.
For more information about our organization, please visit ey.com.
