BGV Group Management

What BGV Group Management does

BGV Group Management is a privately-held Ukrainian investment holding company founded in 2015 by entrepreneur Gennadii Butkevych, co-owner of ATB Corporation. The group operates a diversified portfolio spanning critical minerals mining (graphite, beryllium, titanium, zirconium/rare earth elements, uranium, oil & gas, granite), construction materials manufacturing (PORISTON aerated concrete at 1.15+ million m3 annual capacity and crushed stone at 1.5+ million tons annual capacity), retail (KOLO neighborhood grocery chain, 251 stores in Kyiv and Odesa regions), real estate development (BGV Development — ZHYTO shopping centers, Equides Villas, BOSTON Creative House, OZON, Manhattan), energy and infrastructure (500+ MW generation pipeline), and a hardware startup accelerator in partnership with Zhytomyr Polytechnic State University.

The group's core technology centers on mineral processing: BGV has validated a graphite ore beneficiation flowsheet at pilot scale at GTK Mintec in Finland, achieving carbon content above 95% in concentrate, and operates what it describes as the world's largest genthelvite beryllium deposit at Perzhanskoye. The Energy and Infrastructure division delivers energy-service contracts that have demonstrated 23–64% electricity savings at municipal water utilities.

Revenue is generated through multiple streams: subsoil extraction and processing, construction materials wholesale, retail transaction-based sales, real estate development sales and leasing, energy-service contracts, and investment returns across portfolio companies. The group has invested over $125 million in mining development and approximately UAH 10.5 billion (~$250+ million) in the Ukrainian economy since the start of the full-scale war in February 2022. Strategic capital is being sourced from EBRD, Metso, Finnvera, and Veolia partnerships to scale critical minerals and infrastructure projects, with the BGV Graphite project now on the EU Strategic Projects list.

Name

BGV Group Management

Legal name

ТОВ «Бі Джі Ві Груп Менеджмент»

Website

https://bgv.com.ua

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

BGV Group Management is a privately-held Ukrainian investment holding company operating across critical minerals mining (graphite, beryllium, titanium, rare earths), construction materials, retail (KOLO), real estate development, energy/infrastructure, and startup acceleration, founded in 2015 by Gennadii Butkevych.

Ownership category

akta.pro rank

Product category

Diversified Mining and Industrial Investment

NAICS

Management of Companies and Enterprises (55111), Engineering Services (541330)

SIC

Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Mineral Rights, Leasing & Land Management (EUALAAAB)

Keywords

• Critical minerals mining
• Construction materials manufacturing
• Real estate development
• Convenience retail
• Investment management

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Critical Minerals Extraction and Processing: Revenue from extraction and processing of critical raw materials including graphite, beryllium, titanium, zirconium, rare earth elements, and granite. The company holds multiple subsoil-use permits and operates mining and processing facilities.
2. Real Estate Development: Revenue from development and construction of residential complexes (BOSTON Creative House, OZON, Manhattan), commercial properties (ZHYTO shopping centers), and cottage communities (Equides Villas).
3. Retail Operations: Revenue from KOLO neighborhood store chain operating 251 stores in Kyiv and Odesa regions with 17,360 sqm of sales area. KOLO ranked 6th among Ukraine's largest grocery retailers in 2025.
4. Construction Materials Manufacturing: Revenue from production of aerated concrete (PORISTON brand) with capacity exceeding 1.15 million cubic meters annually, and crushed stone production with annual capacity over 1.5 million tons.
5. Energy and Infrastructure Projects: Investment and development in power generation projects totaling over 500 MW of installed capacity, as well as infrastructure modernization projects.
6. Investment Returns: Returns on investments across portfolio companies including ATB Corporation retail chain, sports teams, and educational initiatives.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

BGV Group Management is a private Ukrainian investment company that acquires, develops, and operates a diversified portfolio across critical minerals extraction (graphite, beryllium, titanium, zirconium, rare earth elements, uranium, oil & gas, granite), construction materials manufacturing (PORISTON aerated concrete), real estate development, retail (KOLO convenience stores), energy and infrastructure projects, and education and sports initiatives. The company holds six special subsoil-use permits for critical minerals and operates through wholly-owned subsidiaries.

Product overview

BGV Group Management is a diversified Ukrainian investment group founded in 2015 by entrepreneur Gennadii Butkevych. The company operates across multiple business segments: critical minerals mining (graphite, beryllium, titanium, zirconium/rare earth elements, oil & gas, uranium, granite), construction materials manufacturing (PORISTON aerated concrete), retail (KOLO neighborhood grocery chain), real estate development (BGV Development), energy and infrastructure projects, and technology startup acceleration (BGV Hardware Accelerator). The portfolio includes six special subsoil-use permits for critical minerals. The company has invested over $125 million in mining development and nearly UAH 10.5 billion in the Ukrainian economy since the start of the full-scale war.

Differentiator

Problem solved

Functional benefit

Brands

• BGV Graphite: Graphite mining and processing project at Zarichna and Balakhivka deposits
• BGV Beryllium
• BGV Titanium
• BGV Zirconium & Rare Earth Elements
• BGV Granite
• BGV Oil & Gas
• BGV Development
• KOLO
• PORISTON
• BGV Uranium

Products and services

• BGV Graphite Graphite mining and processing operations at the Zarichna deposit in Odessa region (largest in Europe) and Balakhivske deposit in Kirovograd region, with focus on producing spherical graphite (SPG) for lithium-ion batteries.
• BGV Beryllium

Quantifiable outcome

• 64% electricity savings achieved at Zhytomyr water pumping stations through energy modernization
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core, minor and major.

• Metso (Finnish technology company)coreTechnology or Integration · 25 June 2026Partnership for critical minerals projects development in Ukraine. Metso, one of the world's leading providers of mining and minerals processing technologies, will contribute expertise across the entire value chain from resource assessment and mining to mineral processing and end product integration into European markets.
• Veolia (Veolia Holding Ukraine)coreStrategic or Co-development Partner · 23 June 2026Strategic partnership in infrastructure, energy, and waste management in Ukraine. Signed Memorandum of Understanding for long-term partnership to implement joint investment projects in water supply, renewable energy, waste-to-energy, and waste management sectors. Veolia contributes global environmental services expertise while BGV provides investment capabilities and local market access.
• Kira MakohonenkominorGTM or Marketing Partner · 10 June 2026Partnership with rising Ukrainian boxing star Kira Makohonenko (born 2008), European Junior Champion 2021. BGV supports her professional development, training conditions, participation in national and international competitions, and preparation for potential Olympic participation.
• GTK Mintec (Finland)majorTechnology or Integration · 1 January 2026Conducted laboratory and pilot tests of graphite ore from Balakhivske deposit at GTK Mintec facility in Outokumpu, Finland in January 2026. Testing included sample preparation, characterization, and pilot beneficiations using flotation methods. Successfully produced high-quality graphite concentrate with carbon content exceeding 95%.
• FC PolissiaminorGTM or Marketing Partner · 9 August 2025BGV supports FC Polissia football club, which competes in Ukrainian Premier League and European competitions. Partnership includes support for children's football academy, with branch opened in Borodianka for 210 children in 8 age groups under 7 professional coaches.
• American University Kyiv (AUK)majorStrategic or Co-development Partner · 20 June 2025Strategic partnership for education expansion in Ukraine. BGV supported launch of bachelor's programs in Dnipro and initiated 200 student grants totaling UAH 200 million for Dnipropetrovsk region. BGV has partnered with AUK for 5 years as its first private Ukrainian investor, supporting programs in Business Administration (Retail Management) and Global Management (Supply Chain Management).
• Fund of the President of Ukraine for Education, Science and SportsminorGTM or Marketing Partner · 23 January 2025BGV Group of Companies partnered with Second National Forum for Talented Youth organized by the Presidential Fund, supporting youth development initiatives in Ukraine.
• Wassercraft BuromajorStrategic or Co-development Partner · 1 December 2024BGV acquired 51% stake in Wassercraft Buro, one of Ukraine's leading engineering companies in water resources. Partnership enables energy modernization projects for municipal water utilities using energy service agreements (ESCo). First project achieved 64% electricity savings at Zhytomyrvodokanal pumping stations.
• Zhytomyr Polytechnic State UniversitymajorStrategic or Co-development Partner · 1 January 2023Main partner since 2023 with BGV founder Gennadii Butkevych serving as Chairman of University's Supervisory Board. Partnership includes development of Science Park and technical laboratories, support for startup accelerators (BGV Hardware Accelerator), technology competitions, hackathons, grants for engineers, and annual scholarship programs. Investment in R&D labs and measurement equipment provided.
• Oleksandr UsykmajorGTM or Marketing Partner · 1 January 201411-year partnership with heavyweight boxing champion Oleksandr Usyk. BGV provides support for training camps, competitions, and charitable initiatives. Partnership built on shared values of discipline, responsibility, and representing Ukraine internationally. Supported Business & Charity Gala Dinner raising £2.5 million for housing for 64 Ukrainian families.

Scale indicators10 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Iluka Resources: Australia-listed mineral sands and rare earths producer with refinery capabilities for rare-earth oxides. Comparable to BGV's zirconium and REE project at Yastrebetskoye, which targets zircon, parisite (REE), and fluorite concentrates.
• Tronox Holdings: Global integrated zircon and titanium dioxide producer. Comparable to BGV's titanium (Yurievskoye) and zirconium/REE (Yastrebetskoye) assets in terms of commodity mix and mineral-sands-style processing logic.
• DTEK: Ukraine's largest private energy company operating coal mining, generation, distribution, and renewables. Comparable to BGV's Energy & Infrastructure division and as a fellow large Ukrainian industrial investor with diversified energy exposure.

Direct peers

• Syrah Resources: Australia-listed natural graphite producer focused on spherical graphite for lithium-ion batteries. The most direct non-Ukrainian peer to BGV Graphite, sharing the same downstream battery-customer thesis and product positioning.
• Metinvest: Major Ukrainian vertically integrated mining and steel producer with iron ore, coal, and coke operations. Directly comparable to BGV's mining-focused subsidiaries in terms of commodity exposure, Ukrainian asset base, and export orientation.
• Ferrexpo: Ukraine-listed iron ore producer with operations concentrated in Ukraine. Comparable to BGV as a Ukrainian-headquartered mining company exporting critical industrial raw materials to European markets.
• SCM Group (System Capital Management): Ukraine's largest diversified industrial group covering mining and metals (Metinvest), energy (DTEK), and other sectors. Structurally the closest peer to BGV as a Ukrainian private holding company deploying capital across mining, energy, and adjacent verticals.
• Nouveau Monde Graphite: Canada-based advanced graphite materials company developing a mine-to-battery-anode-material value chain. Closely comparable to BGV Graphite on integrated mining-to-SPG strategy and Western supply-chain focus.
• Talga Group: Sweden-Australia listed graphite and battery anode company producing high-purity graphite and anode material for EVs. Direct peer to BGV on the critical-minerals-to-battery value-chain narrative.

Others

• ATB Corporation: One of Ukraine's largest grocery retailers, co-owned by BGV founder Gennadii Butkevych. Comparable to BGV's KOLO retail subsidiary as a Ukrainian grocery chain; not a direct competitor but ecosystemically related through shared ownership and operational overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bgv.com.ua

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BGV Group Management