OREANDA-NEWS. October 27, 2009. Investment bank Dragon Capital, has advised U.A. Inter Media Group on the acquisition of a controlling stake in Music Television LLC, the owner of MTV Ukraine TV channel, from private equity fund Emerging Europe Growth Fund established by Horizon Capital.

“The parties showed initial interest in the deal about a year ago but it took a while to negotiate terms of the acquisition. The transaction was closed in early October to become the first successful deal on the Ukrainian media market in a long time. We strongly believe that the acquisition will be beneficial for U.A. Inter Media Group, strengthening its leadership on the TV market and expanding its presence in the youth entertainment segment ,” said Brian Best, Managing Director of Investment Banking at Dragon Capital.

"We are satisfied with the terms and results of the deal. We also would like to express our appreciation of Dragon Capital’s professional advisory services. We will soon integrate the music channel into the holding and focus on its further development and audience expansion. Besides, we continue to cooperate with Viacom and consider launching the group’s other channels in Ukraine,” said Yaroslav Porokhniak, Vice President for Strategic Investments at U.A. Inter Media Group.