Mykhailo Merkulov: Investments in Ukraine should be considered to be investments into a startup
On December 3, the Second Annual Ukrainian Investment Roadshow took place in London. The event was held with the support of the National Investment Council of Ukraine and the Embassy of Ukraine in the UK. Ukrainian Investment Roadshow is an investment platform where international financial institutions work with Ukrainian government and business community. One of the speakers, Arricano CEO Mykhailo Merkulov, emphasized the importance of this event in improving and developing the country's investment climate. “Ukraine has very attractive investment opportunities, but they are unevenly distributed across the Ukrainian corporate landscape,” Mykhailo Merkulov said.
Leaders of Ukrainian finance raising companies spoke about their plans to raise capital for strategic development; international experts, consultants and financiers shared their experience and knowledge; international investors told about the opportunities for Ukrainian issuers. In London, the leaders of the biggest Ukrainian companies met the potential strategic investors - fund managers of new markets, investment bankers and consultants, as well as a wide range of parties concerned from the financial community of the UK capital.
The program of the Second Ukrainian Investment Roadshow consisted of 4 sessions, where the macroeconomic prospects of Ukraine for 2019 and the subsequent period were discussed; the infrastructure of the capital markets and key capital raising tools available to Ukrainian issuers were assessed; case studies of fundraising strategies were presented by the most well-known companies from the public and private sectors; a round table discussion where a group of investors-consultants in transition markets and leading companies took part was also held.
Among the speakers at the Roadshow were the speakers representing the government, business, financial and investment institutions, namely: Natalia Galibarenko, Ambassador of Ukraine to the UK; Matteo Patrone and Artem Shevaliev, EBRD; Adomas Audickas, Advisor to the Prime Minister of Ukraine; Yulia Kovaliv, Head of the Office of the National Investment Council of Ukraine; the Ministry of Finance of Ukraine; the representatives of financial, analytical organizations and business leaders, including Kyivstar, UVCA, Ukrzaliznytsia, PrivatBank, Metinvest Holding, Arricano Real Estate, Ukrtransgaz, Horizon Capital, UFuture Investment Group, White & Case, Trident Acquisitions, Amundi Asset Management, Allianz Global Investors , DLA Piper, Evris Law Firm, Black Iron Exploration & Development, Morgan Stanley, Ferrexpo, Ukrinnovate, Clearstream, Evris Law Firm, International Finance Corporation, BlueBay Asset Management.
CEO Arricano is convinced that “by assessing the investment attractiveness, one has to take into account not only audited statements and management, but also corporate management standards. Crucial to the implementation of plans is whether the corporate environment allows realization of management talents and the motivation of the management.”
Mykhailo Merkulov notes, “Investing into Ukraine should be considered as an investment into a startup - high risk - high return - and doing due diligence not as a corporate business, but as a startup and invest when there is trust to the team, either it is a corporation or a state.”