This year marks a significant milestone for umgi as we celebrate our 18th anniversary. What began in 2006 as United Minerals Group with a single clay mining operation has grown into a dynamic private equity firm with a diverse portfolio spanning multiple industries and countries. It has been a journey of hard work, resilience, and joy that we are eager to share:
📌 2006 – Established as United Minerals Group in Donetsk (Ukraine). First business: clay mining.
📌 2007-2013 – Expanded into five business lines, adding mineral fertilisers, flux dolomite mining, agricultural trading, and coal combustion products recycling.
📌 2014 – Relocated headquarters to Kyiv due to the Russian invasion of the Donetsk region (Ukraine).
📌 2014 – Launched a new business line focusing on the recycling of rare and technical gases.
📌 2016 – Transformed into a private equity firm with $400M in 6 Assets under Management (AuM) in Ukraine.
📌 2017-2018 – Invested in greenfield projects in mineral fertiliser production, coal mine methane cogeneration, metallurgical slag recycling, and cored wire production. At the same time, we lost our dolomite mining business due to the occupation of Donetsk and Luhansk regions by Russian troops.
📌 2019 – Reached $500M AuM with six assets in Ukraine.
📌 2020 – Invested in a greenfield project to establish the largest feed additives producer in Ukraine.
📌 2021 – Reached $1B AuM with 12 assets across Ukraine, Spain, and Italy.
📌 2022 – Lost the limestones mining business due to the full-scale russian invasion of Ukraine.
📌 2024 – Today, umgi manages $500M AuM across 10 assets, focused on the green economy, mining, industrial goods, and industrial services, and operating in six countries and employing over 1,100 talented professionals, has offices in Ukraine, Poland, Cyprus, and Spain.
Our vision is clear: we aim to be a $1B mid-cap private equity firm, driving growth across Ukraine and other European countries.
We thank all our team members, partners, and stakeholders for their continued trust and support. Here’s to many more years of growth and success! 🚀
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