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Advent International announces Ukraine team

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3 September 2007, Kiev - Advent International, one of the world's leading global buyout firms, today announced the first members of its Kiev team, comprising Tamás Nagy as head of the new office and Natalie Polischuk as Principal.

Tamás Nagy was born and brought up in Hungary and studied at the University of Linz in Austria. After a year studying international business at Manchester School of Management, he moved in 2000 to London to work with ING Barings, where he spent three years working on acquisitions and disposals, focusing on companies operating in Turkey, Ukraine and Azerbaijan. He joined Advent International in 2003 and has worked on investments and exits in Hungary, Bulgaria and the Czech Republic. For the last year, he has been building the company’s Ukraine network.

Natalie Polischuk is a Ukrainian national, educated at Kiev University, the University of Missouri and Harvard Business School, where she gained her MBA. She worked as an intern at Harris Investment Management in Chicago before returning to Kiev to work in the Western NIS Enterprise Fund, making and managing venture capital investments and developing a team. In 2003, she joined Delta Private Equity Partners in Moscow where she became a Partner, leading two investments and two exits and acting as an interim CEO of a portfolio company.

The Kiev office will complete the restructuring of Advent International Central Europe, which includes regional centres in Prague, covering investment in the Czech and Slovak Republics and Hungary; in Warsaw, covering Poland and the Baltic States, and in Bucharest, covering Bulgaria, Romania and Turkey. The Advent Central Europe team now numbers 13 investment professionals plus 11 investment professionals in its Turkish investment partner, TurkVen.

Chris Mruck, Partner, who has been involved in building the Ukraine operation, said: “We see the same great promise in Ukraine’s market for private equity investment that we have seen in other Central and Eastern European countries, which have provided us with attractive investment opportunities over the last 13 years. We aim to replicate our success here in Ukraine.”

Tamás Nagy added: “In the twelve months we have been building our presence in Ukraine, we have seen many good managers, sector markets opening and regulatory infrastructure being put in place. With a population of some 50 million, this country has huge potential for building businesses.”

Advent is the longest established international private equity firm in Central Europe. Since 1994, the team has backed 32 companies in seven countries, many of which have been ground breaking investments and exits for the region, including BTC, the Bulgaria Telecommunications Company, acquired by AIG this year and Terapia, the Romanian generic pharmaceuticals manufacturer acquired by Ranbaxy for $324 million in 2006. The current portfolio includes Turkey’s Roma Plastik, one of the world’s top five manufacturers of edge bands for furniture, ULTIMO, Poland’s largest debt purchase and debt collection business and FleetCor, the Czech and Slovak Republics’ largest fuel cards and fleet services business.