News (#05 May 2019)

Deals

CMS advised Scatec Solar

CMS Cameron McKenna Nabarro Olswang advised Scatec Solar on its acquisition of a 120MW solar power project from the Ukrainian company SM Invest & Construction. The CMS team advising Scatec was led by energy partner Vitaliy Radchenko, with key support provided by real estate counsel Natalia Kushniruk and associate Ihor Pavliukov and with further support from Graham Conlon on the English law aspects of this transaction.

Sayenko Kharenko advised VR Capital on acquisition of 50% stake in 11 solar park projects

Sayenko Kharenko has acted as Ukrainian legal counsel to VR Capital on the acquisition of a 50% stake in Nicken Holdings LTD from Investment Capital Ukraine (ICU).

Nicken Holdings LTD is the owner of 11 Ukrainian project companies developing 11 solar power plants in Mykolaiv Region with an aggregate capacity of around 127 MW.

Sayenko KharenkoТs involvement in this transaction included legal due diligence of the project companies, participation in negotiation of the transactional documents, and obtaining merger clearance from the Antimonopoly Committee of Ukraine. Sayenko KharenkoТs core team included partner† Oleksandr† Nikolaichyk and senior associate Mykhailo Grynyshyn assisted by senior associate Tymur Enkhbaiar, associates Oksana Daskaliuk, Dasha Dashkevych and Tetiana Dyvak, and junior associates Sviatoslav Kozak and Zarina Khalimon. Partner Maksym Nazarenko and associate Igor Pomaz advised on antitrust matters, and counsel Igor Lozenko advised on financing matters.

AEQUO Ч legal counsel to TMM

AEQUO advised TMM on the financial restructuring under a credit facility granted by state-owned Oschadbank carried out on the basis of the Law of Ukraine On Financial Restructuring.

The AEQUO team assisted TMM in negotiating restructuring terms with Oschadbank, drafting the transaction documentation, and supported TMM in the course of completing the transaction beneficial for the business of both parties Ч the lender and the borrower.

AEQUOТs project team included counsel Bohdan Dmukhovskyy, senior associate Mykhaylo Soroka and associates Viktor Komziuk and Glib Bukharin, who worked under the supervision of Yulia Kyrpa, partner and head of restructuring practice of the firm. Tax matters in the transaction were handled by Vasyl Mischenko, senior associate of the firmТs tax practice.

EY Ukraine advised Horizon Capital

EY Ukraine advised Horizon Capital in connection with the acquisition of a minority stake in Ajax Systems. The investment was realized through the purchase of a part of existing shares of Ajax Systems by a new Horizon Capital fund Ч Emerging Europe Growth Fund III, LP (EEGF III).

Ajax Systems is EuropeТs leading manufacturer of professional security systems, founded in 2011.

The EY multidisciplinary team acted as an advisor to the buyer, conducted legal, tax and financial due diligence, took part in negotiations and preparation of transaction documentation, and provided deal signing and closing support.

The EY project team was led by Igor Chufarov, partner, tax & law services, with support from Bogdan Malnev, senior associate, Daria Gulinska, manager, Daria Tkachenko, associate. The financial part was managed by Larysa Marchenko, partner, transaction advisory services.

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