Sayenko Kharenko advised on largest corporate refinancing by Ukrainian firm
Sayenko Kharenko acted as Ukrainian legal counsel to Deutsche Bank, ING, Natixis and UniCredit, joint bookrunners of an USD 1.592 million Eurobond issue by Metinvest B.V.
This Eurobond issue was divided into two tranches: USD 944.5 million bonds due 2023 and USD 647.7 million bonds due 2026. The issue was coupled with a cash tender offer and consent solicitation in relation to Metinvest’s existing USD 1.2 billion Eurobonds due 2021, of which USD 117 million remain outstanding following the tender offer.
For Metinvest, this was the largest bond issue with the most favourable parameters, as the new bonds have the lowest coupon and the longest maturity. With approximately USD 1.6 billion as the total volume of new bonds, it is the biggest Eurobond issue for a privately-owned Ukrainian corporation.
Sayenko Kharenko’s team was led by counsel Igor Lozenko and included associates Dmytro Vasylyna, Denis Nakonechnyi, Yurii Dmytrenko and junior associate Oles Trachuk under the supervision of partner Nazar Chernyavsky.
Acquisition of 50% of Matlomenius Holdings by VR Capital Group
Asters acted as a legal counsel to VR Capital Group on the acquisition of 50% in Matlomenius Holdings Ltd (Cyprus) from Investment Capital Ukraine (ICU), an independent asset management, private equity and investment advisory firm specialising in the emerging markets of Central and Eastern Europe.
Matlomenius Holdings Ltd is an owner of PodilskEnergo, which is building a 60 MW solar power plant near Kamianets-Podilsky (Khmelnyytsky Region). The power plant is scheduled to be commissioned by the end of 2018.
Asters' project team included partner Yaroslav Petrov, senior associates Marta Halabala, Oleh Furmanchuk and Diana Kondratieva, associates Olena Nikolenko, Olena Sichkovska advising on corporate and regulatory aspects, counsel Tetiana Vovk and associate Pavlo Verbolyuk advising on antitrust aspects, and senior associate Roman Drobotskiy on real estate matters.
AVELLUM acted as legal counsel to Investment Capital Ukraine. The firm provided legal support to ICU on the negotiating and signing of transactional documents, as well as in completion of the transaction. AVELLUM also assisted ICU in negotiating a contract for the purchase of solar modules entered into with an internationally operating EPC and turnkey solution provider of photovoltaics power plants.
The team was led by partner Yuriy Nechayev, with support from associates Dmytro Symbiryov and Olga Tersina.
Sarantis Group acquires Ergopack
EY Ukraine advised Sarantis Group in connection with its acquisition of 90% of shares in Ergopack Group from Horizon Capital and the founders of the business. EY's multidisciplinary team conducted legal, tax and financial due diligence on target companies.
EY Ukraine’s legal team was led by Bogdan Malnev, senior associate under the supervision of Albert Sych, partner, law leader for Ukraine, and with support from Vitalii Pustovyi, senior associate, and associates Daria Tkachenko and Andrii Moskaliuk. EY Ukraine’s financial due diligence team was led by Larysa Marchenko, partner, transaction support leader, with support from Tetyana Voytovych, manager. Vladimir Kotenko, partner, head of tax & law, and Sergiy Apolonov, senior manager, handled the tax aspects of the transaction.
AVELLUM advised Horizon Capital. The firm advised on various aspects of deal structuring, drafted and negotiated the transaction documents, and coordinated their signing process, as well as completion of the entire transaction. AVELLUM advised clients on obtaining clearances from the Antimonopoly Committee of Ukraine for this transaction.
The firm’s team was led by partner Yuriy Nechayev, with support from senior associate Andriy Romanchuk and associates Dmytro Symbiryov and Oleksandr Kulykovskyi. Managing partner Mykola Stetsenko, senior associate Yaroslav Medvediev, and associates Andrii Gumenchuk, Anton Arkhypov advised on antitrust matters.