Team

Founder of «Dnipro Capital»

Sergiy Grachov’s Career and Achievements

Sergiy Grachov’s began his career in 1994 as a co-founder of one of Ukraine’s largest financial-industrial groups. With a strategic approach to acquisitions and asset restructuring, he facilitated project value growth exceeding $1 billion. His success stems from building strategic partnerships with international investors and Ukrainian state bodies, enhancing the company’s position in both domestic and international markets.

The table below lists the significant acquisitions made by  Sergiy Grachov in his respective career since 1994. Most required very hands-on restructuring (cost-reduction, redundancies, new marketing resources, strict financial control etc.) and management SG was responsible.
Company Name Country Summary Description Approx Sales $’m Level of Control Deal Type
Kamyanets-Podolskaya tobacco factory Ukraine One of the tobacco producers . 10 Full control Privatization/accumulation
Rosinka Ukraine One of the leading carbonated soft drinks bottlers in Kyiv 35 Full control Complex acquisition of ‘stakes’ from employees; private placement
Iskra Ukraine Leading light bulb manufacturer; full turnaround including large redundancies, management changes and escape from 100% barter sales requiring creation of new marketing department 20 Full control Privatization/accumulation
Yantar Ukraine One of leading breweries; full turnaround from difficult financial situation after high inflation; probably the first control acquisition in Ukraine by a financial buyer (1995) 40 Full control Accumulation; share issues
Chernomor Ukraine Leading brewery; full turnaround; complex logistics for share accumulation process over a territory the size of Austria 10 Full control Accumulation
Luganskoblenergo Ukraine Electricity distribution utility 200 Full control,

board seat

Privatization/accumulation
Odessaoblenergo Ukraine Electricity distribution utility 100 Full control,

board seat

Privatization/accumulation
Kyivmedpreparat Ukraine Pharmaceutical 40 Full control,

board seat

Accumulation; share issue
Gemoplast Ukraine Medical products 22 Full control,

board seat

Accumulation; share issue
Stachanovsky teckvuglets Ukraine Black carbon producer 17 Full control,

board seat

Privatization/accumulation
Zatisniansky chemical plant Ukraine Chemicals 1 Full control Privatization/accumulation
Valsa Ukraine Rubber tyres n/a Full control,

The Chairman of the Supervisory Board

Privatization/accumulation
DIOS Ukraine Mining  institute 3 Full control Privatization/accumulation
Uzhgorodsky Turbogas Ukraine Oil and gas equipment. 2 Full control Privatization
KRAZ Holdings Ukraine World-famous heavy truck manufacturer 130 Full control

board seat

Privatization/accumulation
BMZ Progress Ukraine Engineering 6 Full control,

The Chairman of the Supervisory Board

Accumulation;
Hotel ‘Salut’ Ukraine 75-room hotel in central Kyiv 2 Full control,

board seat

Privatization/accumulation
Rivneazot Ukraine Nitrogen fertilizer producer 120 Minority control; board seat Accumulation
Lviv Kolos Brewery Ukraine One of leading breweries 50 Minority control; Accumulation

By full control we mean at least 50%, and usually a more than 75% shareholding in the company, with control of the board, the selection of management, determination of strategic plan, budgets etc.

Financial Investments and Acquisitions

During the 1990s and 2000s, Sergiy Grachov spearheaded the acquisition and development of several significant assets, including:

  • Brewing Industry: Acquired controlling interests in breweries such as “Yantar” in Mykolaiv and “Chornomor” in Odesa, supported by investments from Invesco CEAM.
  • Manufacturing: Acquired and restructured the “Iskra” lighting manufacturer, backed by CSFB Private Equity.
  • Non-Alcoholic Beverages: Acquired the Kyiv-based producer of soft drinks “Rosynka”.
  • Agricultural Sector: Prepared one of Ukraine’s largest oil producers for investment through private equity placement.

His investment portfolio also spans cement, pharmaceutical, tobacco, food, and mining industries.

Collaboration with Standard & Poor’s

Under Mr. Grachov’s leadership, the company became an official correspondent for Standard & Poor’s in compiling the Ukrainian index for the “Emerging Stock Markets Factbook,” thereby establishing a solid foundation for assessing Ukraine’s stock market internationally.

Corporate Governance and Strategic Leadership

In addition to his active acquisitions, Grachov held influential positions on the supervisory boards of multiple enterprises, guiding them through critical growth stages, enhancing their stability, competitiveness, and sustainable growth.

Blockchain and Cryptocurrency Development

Since 2014, Sergiy Grachov has co-founded and served on the board of the Bitcoin Foundation Ukraine. He actively promotes the development of cryptocurrency and blockchain technologies, fostering financial sector innovation in Ukraine.

Sergiy earned a technical degree in mechanical engineering from the National University of Food Technologies , received his legal education at Taras Shevchenko National University of Kyiv, Faculty of Law , studied economics at the University of Humberside in England.

In addition to his academic background, Sergiy holds certifications in asset management and non-state pension fund management, enabling him to effectively manage investment funds and complex financial projects.

Education and Professional Development

Serhiy Grachov has a solid educational background:

  • Degree in Mechanical Engineering (National University of Food Technologies).
  • Law degree (Taras Shevchenko National University of Kyiv).
  • Studied Economics (University of Humberside, England).
  • Specialist in asset management and private pension fund management.

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