EY Ukraine advised Horizon Capital in connection with its investment in Headway Inc

The multi-disciplinary team of EY experts acted as an advisor and conducted financial, legal and tax 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.

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, vertical video entertainment platform, Holywater Tech and others.

About EY

EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.

All in to shape the future with confidence.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

About Headway Inc

Headway Inc is a global consumer tech company that revolutionises lifelong learning. The company develops digital educational products that make knowledge more accessible, personalised, and impactful for over 150 million users worldwide. Previously known as Headway, the company officially changed its name to Headway Inc in April 2025. Headway Inc is the developer behind Headway, the world's most downloaded book summary app, Impulse, a top-ranked brain training app, and Nibble, an all-around knowledge app. Recognised by TIME, Global Silicon Valley, and Holon IQ, Headway Inc continues to transform the way people learn.

About Horizon Capital

Horizon Capital is the leading private equity firm in Emerging Europe with $1.8 billion in AUM from investors with a capital base exceeding $700 billion. The firm’s investment strategy focuses on backing visionary entrepreneurs leading fast-growing businesses in Ukraine and Moldova (the Region). Horizon Capital-managed funds have invested in over 190 companies employing over 56,000 people. The firm has raised over $1 billion to invest in the Region over the past decade.