Horizon Capital said its $370 million Emerging Europe Growth Fund II LP, or EEGF II fund, sold its remaining 22.7% stake in Purcari Wineries PCL.
The Ukrainian private equity firm said EEGF II saw a 3.3x blended gross cash-on-cash return on the stake sale.
Purcari, which manages more than 1,392 hectares of vineyards and runs four production platforms in Romania and Moldova, was listed on the Bucharest Stock Exchange in 2018.
