Press release
23 Jan 2026 

EY Ukraine advised Horizon Capital, as lead investor, in connection with a $22 million lead investment round in HOLYWATER

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The multi-disciplinary team of EY experts acted as an advisor and conducted financial, legal, tax, corporate governance, ESG, and IT due diligence, as well as provided preparation of transaction documents, participated in negotiations and provided deal signing and closing support.

EY project team was led by Bogdan Malniev, Partner. The financial part was managed by Larysa Marchenko, Partner, with the support from Ganna Lyeva, Senior Manager, and Anton Miller, Senior Associate. The legal part was managed by Bogdan Malniev, Partner, with the support from Andrii Kornuta, Senior Associate, Denys Kolesnychenko, Senior Associate, Yurii Tokarets, Associate, and Vitalina Semanyshyn, Junior Associate. The tax part was managed by Igor Chufarov, Partner, Sergii Apolonov, Senior Manager, Pavlo Chepkov, Manager, and Kostiantyn Lazariev, Manager. The corporate governance part was managed by Denys Kolesnychenko, Senior Associate. The ESG part was managed by Olena Dreval, Counsel, with the support from Kostiantyn Taranets, Director, and Anton Barlit, Senior Associate. The IT part was managed by Dmytro Lazuchenkov, Partner, with the support from Nataliia Tusina, Senior Manager, and Pavlo Pavlenko, Manager.

For more information about this deal, please visit Horizon Capital website.

We are pleased to remind that EY Ukraine previously multiple times advised Horizon Capital on its investments, including on investments in  e-commerce company Rozetka, store chain Avrora, e-commerce platform for medicine delivery Liki24, e‑commerce beauty platform MakeUp, smart security systems manufacturer Ajax Systems, IT outsourcing company Intellias, edtech company GoIT and others.
About HOLYWATER

HOLYWATER is an AI-first entertainment technology company reshaping global storytelling through its mobile-first content platforms. Its products include My Drama, My Passion, and My Muse, which together reach more than 60 million users worldwide, enabling rapid IP creation, testing, and global distribution.

About Horizon Capital

Horizon Capital Horizon Capital is the leading private equity firm in Emerging Europe with over $1.8 billion in AUM. The firm’s investment strategy focuses on backing visionary entrepreneurs leading fast-growing businesses in Ukraine and Moldova. Horizon Capital-managed funds have invested in over 190 companies, employing over 56,000 people.

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