Concorde Capital: The Authority on Ukraine’s Changing Market

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Ukraine’s increasing investment opportunities were the focus of Concorde Capital’s Spring Conference 2006, held in Kyiv on April 18-19. Having placed over USD 400mln into Ukraine in its first year of operation, Concorde is uniquely qualified to assess the investment environment in this increasingly diversified and intricate market.

Ukraine’s increasing investment opportunities were the focus of Concorde Capital’s Spring Conference 2006, held in Kyiv on April 18-19. Having placed over USD 400mln into Ukraine in its first year of operation, Concorde is uniquely qualified to assess the investment environment in this increasingly diversified and intricate market. At the conference, international investors were presented assessments of economic, political and industrial sector issues by Concorde’s experts as well as descriptions of individual opportunities by decision-makers within the firms themselves.

Concorde Capital CEO Igor Mazepa noted positive changes over the past year. “Despite a lingering incomprehension of the markets in some areas, we’ve seen the emergence of an investment culture in Ukraine. On the regulatory side, changes in legislation now enable firms to finally offer options and futures.”

Concorde’s Head of Equity Sales, Peter Bobrinsky, delineated three strategies for 2006. The first, private placements, is a Concorde Capital specialty, as Concorde placed over USD 150mln through private placements in 2005 and is forecasting greater volumes in 2006. The second, watching for what he calls ‘transparency arbitrage’, will occur as individual companies bring their accounting practices into line with generally accepted principles and actual earnings become more visible. The third, which touches upon headline news, is to be attentive to businesses that are the likely acquisition targets of western purchasers. The banking sector is a prime example, though exciting opportunities can be found in many industries.

Concorde Capital’s Spring Conference 2006 enabled professional face-to-face communication between major investment funds and some of the most promising Ukrainian companies. In particular, Bank Forum CEO Yaroslav Kolesnyk noted the bank’s successful entry to the international debt market, and announced an upcoming USD 100-150mln Eurobond issue for 2H2006. Galnaftogaz is currently in preparation for an IPO in 2H2007, according to its representative. Noteworthy appearances by Khliboprom and Gostomel Glass were important, as no new equities in consumer products have been available since the IPO of Ukrproduct Group in 2005.

On April 19, conference attendees visited Yasynuvatsky Machine Building (a major producer of heading machines for the coal mining industry in the Donetsk region) to see firsthand the opportunities available in Ukraine through Concorde Capital.

For further information regarding Concorde Capital’s investment opportunities in Ukraine and elsewhere, please contact Managing Partner John Suggitt by e-mail at js @ concorde.com.ua or by telephone at +380 (44) 206 8370.

Please visit: http://www.con-cap.com/

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