People walk near the source of mineral water in Truskavets on August 11, 2019. On Sept. 2, Dragon Capital, Ukraine’s leading private equity firm, completed the transaction to buy Aqua-Eco selling bottled natural mineral water that was extracted from Truskavets’ centuries-old well.
Ukraine’s leading private equity firm Dragon Capital bought local water company Aqua-Eco, better known in Ukraine for selling the Truskavetska brand of bottled water, the investment company announced on Sep. 2.
Dragon Capital did not disclose how much it paid for Aqua-Eco and its production facilities. Nevertheless, Alexey Oleynikov, managing partner of InVenture Investment Group, said the closing price of the deal was $4 million, Forbes reported. The bottled water producer has struggled in recent years and its net profit was $200,000 (Hr 5.3 million) in 2020, according to Interfax-Ukraine news agency.
