Kinstellar has advised UMG Investments on the acquisition of a minority stake in Feednova LLC, a Ukrainian company focusing on the production of feed additives for farm animals and pets, and the subsequent establishment of a joint venture with Effective Investments Group and other stakeholders of Feednova.
As a result of the transaction, Feednova will become the first independent operator in Ukraine to process raw materials from external suppliers for the production of high-protein feed additives and animal fats for farm animals and pets. The production complex will have four state-of-the-art production lines and five boilers with a capacity of over 220 tons of raw materials and 90 tons of finished products per day.
“We are pleased that our investment in Feednova will help to create the first independent operator of animal by-products processing in Ukraine," commented Andriy Gorokhov, the CEO of UMG Investments. "We believe that participation in the Feednova project will allow our portfolio company Recycling Solutions to realize its vast experience and best practices in waste management projects to the fullest extent possible.”
According to Kinstellar, "UMG Investments is an investment company that establishes and develops businesses with high growth potential. Today, UMG Investments manages portfolio companies in the following areas: mineral resources, by-product and waste management, and industrial products and services. The market value of assets under the company’s management exceeds USD 500 million. Feednova is a Ukrainian company, which following the completion of construction works will operate the first high-protein feed additives and animal fats production plant in Ukraine, located in in the city of Busk in the Lviv Region."
Kinstellar’s team was led by Partner Iryna Nikolayevska and included Senior Associates Viktoriia Dobrynska and Oleh Andreikiv and Mid-Level Associate Julia Palaida.