British International Investment

Katerinopolskiy Elevator

Rest of the WorldFood and agriculture

MHP is an international food and and agri-tech company. A major player in Ukraine’s agricultural sector and one of the country’s largest producers of grain, compound animal feed, oil, and milk.

Our investment

Description of the investment.

Our loan will be used to finance capital investments into MHP's Ukrainian operations, through its Ukrainian subsidiary Katerinopolskiy Elevator LLC. The investment will support MHP in improving its operational efficiency through the expansion of its productive capacity and upgrading of existing equipment.

Impact information

Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.

What?

Impact

To support local employment and in-country value addition through increased processing activity (SDG 8.5, 9.2).

How?

Primary Secondary

Direct: capex financing to support investments in plant and machinery to improve production efficiency and support processing activity.

Economic enabler (indirect): 60% of revenues are generated through export sales, bringing hard currency into the country.

Who?

Stakeholder Geography Characteristics
Employees

Ukraine

The company’s core operations are in poultry production (54% of 2023 revenues), meat processing (18%), edible oils (20%) and grain farming (8%). Over 80% of Group revenue is generated from its Ukrainian operations. It employs over 31,000 people, including c.29,000 in Ukraine. In Ukraine, 40% of employees are female and 97% are permanent staff.

How much?

Scale Depth/Duration

The proposed capex investments are expected to support c.250 new jobs.

The increase in profitability is driven by efficiency measures and higher value products, which will make a contribution to increased tax revenues and foreign currency generation.

Risk

External Risk

The conflict context poses an external risk to impact.

Environmental and social information

  • Environmental and social summary

    A high-level description of the environmental and social aspects of the investment. This may include a summary of key environmental and social risks identified during environmental and social due diligence (ESDD); key elements of an environmental and social action plan (ESAP); or ways in which we plan to support the investee improve environmental and social standards, such as through their environmental and social management system (ESMS); as well as any other priority areas agreed with the investee.

  • Environmental and social risk

    A risk category rating, which indicates the level of environmental and social risk associated with an investment. For an explanation of the categorisations used, see here. We consistently provide an environmental and social risk category for all investments screened from 2023 onwards.

Environmental and social summary

This project has a medium-high E&S risk, largely owing to the sector. No additional ESAP was required. BII have worked with a co-investor, who led the deal, to ensure our minimum E&S requirements were met.

Environmental and social risk

Medium-High

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at [email protected]

  • Key facts

    First published

    When the investment was first published on the website database.

    :
    September 2025
    Last updated

    When the last quarterly update of the website database occurred.

    :
    June 2026
    Project number

    An identifier number shared by investments in the same project.

    :
    D8536
    Status

    The current status of the investment (green flag for active and red flag for exited).

    :
    Active
    Region

    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    :
    Rest of the World
    Country

    The countries where the investment delivers impact. Where impact is delivered in multiple countries, this is indicated.

    :
    Ukraine
    Sector

    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    :
    Business and consumer services
    Sub sector

    The sub-sector that the investment is made into; this provides a more granular level of detail than the ‘sector’ information

    :
    Agricultural Products & Services

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    Type of investment portfolio that each investment is made under. Since 2014, we have run two investment portfolios: Catalyst and Growth. In addition, our Kinetic Portfolio enables us to manage concessional investment strategies.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment policy :
    Ukraine
    Investment type :
    Debt
    Start date :
    June 2025
    Amount :
    $34.04m
    Currency of investment :
    EUR
    Domicile

    The company or investment fund’s place of incorporation.

    :
    Ukraine

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