Umgi

What Umgi does

Umgi (legal name TOV "IUMDZHY INVESTMENTS", UMG Investments LLC) is a Kyiv-based private equity firm founded in 2006 as part of Ukraine's SCM group that acquires, launches, and develops industrial and resource businesses across Europe and the Middle East. The firm executes minority-to-control equity investments, M&A, greenfield creation, and joint ventures, targeting equity tickets of USD 2-30 million, a minimum 25% IRR over a 5-7 year horizon, and active operational involvement at the portfolio level.

Its portfolio of eight operating companies is organized into three pillars: Mining (VESCO Group, a global supplier of ceramic and refractory clays; plus Novotroitske Ore Mining for limestone); Green Economy (Recycling Solutions for ash-slag processing, Ukrainian Mineral Fertilizers, Arnox for rare and industrial gases, Regen for coal-mine-methane-to-energy, and Feednova for animal by-product rendering); and Industrial (INTECH and Portinvest Logistic for industrial logistics, PVP Kryvbasvybukhprom for blasting services, and INWIRE Group for metallurgical cored wire and briquettes). The firm's stated differentiation is its hands-on model — deploying production, commercial, and management expertise rather than acting purely as a financial sponsor — backed by an asset management division that installs financial reporting, recruits finance/IT leaders, structures loan finance, and builds commercial teams in portfolio companies.

Umgi generates revenue through portfolio company appreciation realized via exits, IPOs, dividends, and management fees, with portfolio companies collectively reporting USD 262.21 million in gross revenue in 2024. The firm operates across seven countries (Ukraine, Poland, Romania, Spain, Italy, Serbia, Turkey) with offices in Kyiv and Warsaw; it is privately held under the SCM umbrella, currently oversees more than USD 500 million in portfolio market value, and has publicly targeted USD 1 billion in portfolio capitalization.

Name

Umgi

Legal name

TOVARISTVO Z OBMEZHENOIU VIDPOVIDALNISTIU "IUMDZHY INVESTMENTS" (UMG INVESTMENTS LLC)

Website

https://umgi.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Umgi is a Kyiv-based private equity firm under Ukraine's SCM group that builds, acquires, and operates industrial, mining, and green-economy businesses across Europe and the Middle East, managing eight portfolio companies with combined gross revenue of USD 262 million in 2024.

Ownership category

akta.pro rank

Product category

Private Equity Investment Management

NAICS

Offices of Other Holding Companies (551112), All Other Financial Investment Activities (52399)

akta.pro primary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

Keywords

• Private equity investment
• Portfolio company management
• Mining and minerals assets
• Green economy investing
• Industrial business development

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Private Equity Fund Management and Portfolio Company Returns: umgi generates returns through the appreciation of its investment portfolio companies, realized through M&A exits, IPOs, or dividend distributions from portfolio companies. The company increases the value of portfolio companies by implementing innovations, improving production, and applying effective management. Revenue is driven by portfolio company performance, capital gains on exits, and ongoing asset management fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Umgi is a private equity investment firm that acquires, develops, and manages industrial businesses in the mining, green economy, and industrial services sectors, deploying equity tickets of USD 2–30 million with a targeted minimum 25% IRR over a 5–7 year horizon. The firm operates through wholly-owned portfolio companies that produce ceramic raw materials, mineral fertilizers, industrial gases, logistics services, blasting services, cored wire, and animal by-product processing, while providing active operational, commercial, and management support to those businesses. Umgi also co-invests with strategic partners via M&A, greenfield projects, and joint ventures, primarily in Ukraine and European markets.

Product overview

Umgi is a private equity investment firm operating a portfolio of businesses across three main sectors: Mining (ceramic raw materials/clay and limestone extraction via VESCO Group and Novotroitske Ore Mining), Green Economy (waste/by-product processing including ash-slag recycling, mineral fertilizers, rare gases, coal mine methane energy, and animal by-products rendering), and Industrial Portfolio (logistics services, blasting operations, and cored wire manufacturing). The company does not offer a unified technology product; rather, it manages a diversified portfolio of operational businesses in industrial, mining, and green economy sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• VESCO Group A group of companies and one of the world leaders in the production and supply of ceramic raw materials (clay and refractory minerals) serving ceramic tile manufacturers globally; supplies clays to manufacturers in Italy, Spain, Turkey, Ukraine, and Poland.
• Recycling Solutions LLC Processes bottom-ash materials and smelter slag from industrial production into reusable materials for industrial customers; also a member of Ukraine's White Business Club.
• Ukrainian Mineral Fertilizers LLC Production facility for mineral and nitrogen fertilizers serving Ukrainian and foreign agricultural producers.
• Arnox LLC Producer of rare and industrial gases supplying industrial customers.
• Regen LLC Generates electricity and heat from coal mine methane, utilizing a traditionally hazardous byproduct of mining.
• Feednova LLC Processes animal by-products from meat production into organic fertilizers and feed additives for farm and domestic animals.
• Industrial Technologies LLC (INTECH) Provides logistics services for industrial clients. INTECH group revenue reached UAH 4,125 million in 2024 (up 29% from 2023).
• Portinvest Logistic LLC Logistics services company operating in Ukraine.
• PVP Kryvbasvybukhprom PJSC Provides blasting work services for the mining and construction industries.
• INWIRE GROUP Manufacturer and supplier of cored wire (flux-cored wire) and briquettes for metallurgical plants; operates in Ukraine, Turkey, and broader EMEA region as one of the largest manufacturers/suppliers in this niche in the Turkish market.
• Novotroitske Ore Mining PrJSC Limestone mining enterprise operating in eastern Ukraine.
• Private Equity Investment Services Hands-on private equity investment services: equity capital of USD 2-30 million deployed via M&A, greenfield business creation, and joint ventures in agro-processing, healthcare, light industry, and ITC sectors; active operational and management support to portfolio companies with a 5-7 year horizon and minimum 25% IRR target.

Quantifiable outcome

• Tax contributions grew 30% year-over-year to UAH 817.8 million in 2025
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• EFI GroupcoreStrategic or Co-development Partner · 1 October 2025EFI Group partnered with umgi and Dutch partners to launch the Feednova Center project — a modern plant for high-protein feed additives and animal fats in Cherkasy Oblast, Ukraine. A special investment agreement was signed between the Government of Ukraine and Feednova Center, with state support totaling UAH 172 million. This is a co-investment and co-development partnership targeting the animal by-products processing market.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Innova Capital: Polish mid-market private equity firm focused on buyouts and expansion capital in Central Europe. Comparable geographic footprint, deal-size profile, and sector breadth across industrial and consumer businesses.
• Abris Capital Partners: Central European private equity fund manager focused on mid-market buyouts and growth capital in Poland and the broader CEE region. Comparable in target market, deal sizes, and sector breadth.
• Enterprise Investors: One of the largest Polish/CEE private equity firms investing in mid-market companies with expansion capital. Comparable in regional focus, ticket size, and active value-creation playbook in industrial and consumer companies.
• Bridgewest Group: CEE-focused private investment group deploying capital across technology and industrial verticals. Comparable mid-market CEE focus and hands-on operating value-creation model.
• Resource Partners: Polish/CEE private equity firm investing in mid-market companies across consumer, industrial, and services sectors. Comparable ticket size, CEE geographic focus, and hands-on operational approach to portfolio development.
• Dragon Capital: Ukrainian investment firm operating across direct investment, asset management, and brokerage, with a focus on Ukrainian mid-market opportunities. Comparable in domicile, deal sourcing, and emphasis on Ukrainian industrial and consumer growth themes.
• Horizon Capital: Ukraine- and Moldova-focused private equity firm that buys and builds mid-market businesses with growth capital. Highly comparable to Umgi in target geography, ticket size, and active operational involvement with portfolio companies.

Broad incumbents

• Metinvest: Vertically integrated Ukrainian mining and metals group within the same SCM family of businesses. Sister operating company to Umgi under SCM, offering a direct read-through to industrial/mining scale in the same ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

• Xx.com/umgi_pefirm
• LinkedInlinkedin.com/company/umgi

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries11 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 Umgi