News (#12 December 2015)

Deals

DLA Piper advised Crown Agents

DLA Piper Ukraine has been advising British company Crown Agents on legal matters relating to a UAH 750 million agreement with the Ministry of Health of Ukraine to procure medicines under a special state-financed program called Support of Healthcare Measures under Individual State Programs and Comprehensive Measures of a Programmatic Nature (ECPCC 23014100). The DLA Piper team provided Crown Agents with legal support from initial negotiations right up to the signing of the agreement. The team was led byAlla Kozachenko, legal director andIllya Sverdlov, legal director), with key input fromTetyana Zamedyanskaya, associate, under the supervision ofMargarita Karpenko, managing partner and head of Corporate and M&A.

Asters legal counsel to International Finance Corporation

Asters is acting as legal counsel to the International Finance Corporation (IFC) in connection with committed and anticipated facilities totaling up to USD 35 million to Astarta. The IFC will provide corporate financing to Astarta in the form a working capital loan, which will enable Astarta to procure soybeans at harvest time for further processing at its soy crushing facility. Astarta will then process this soybean inventory into soy meal, soy oil and husk, thereby creating higher value-added products. Asters banking and finance team advising on the project consisted of partnerIryna Pokanay, counsel Gabriel Aslanianand associateInna Bondarenko.

AEQUO and CMS support the deal on acquisition a stake in Cilkum Holding

Kiev-based CMS Cameron McKenna has advised Horizon Capital on the sale of its stake in Ciklum, an innovative global IT company headquartered in Ukraine. George Soross Ukrainian Redevelopment Fund LP acquired the entire stake held by Horizon Capital and a portion of the stake held by the current majority shareholder, Majgaard Limited. The transaction is expected to be completed by the end of 2015, subject to customary closing conditions and regulatory approval. The CMS team was led by Graham Conlon, co-head of International Private Equityand head of Corporate/M&A practice in Ukraine.

AEQUO advised George Soross Ukrainian Redevelopment Fund. The firms team was led by managing partner Denis Lysenko and partner Anna Babych, and included senior associate Oksana Krasnokutskaya and associates Yaroslav Lepko, Anton Babak, Gennadii Roschepii and Anton Kapitonenko.

QBE sells its insurance operations to Fairfax

Canadian insurer Fairfax acquired the Ukraine business of Australian insurance company QBE. The transaction for the sale of QBE Ukraine to Canadian insurance group Fairfax Financial Holdings Limited was closed at the end of October 2015. International law firm WOLF THEISS advised and represented the QBE Group in the transaction. The WOLF THEISS team was led by Taras Dumych, managing partner of the Kiev office, and included senior associate Oksana Volynets, associates Anna Kvederis and Olena Kravtsova.

Sayenko Kharenko legal counsel to EBRD

Sayenko Kharenko acted as legal counsel to the European Bank for Reconstruction and Development (EBRD) on arranging the USD 40 million syndicated working capital loan to the Industrial Group ViOil (ViOil). The facility consists of an A-loan of up to USD 20 million for the EBRDs own account and a B-loan of up to USD 20 million, which was syndicated to ING Bank N.V. The Sayenko Kharenko team included senior associatesIgor Lozenkoand Iryna Bakina, associates Taras Shyb, Marta Lozenko and Dmytro Vasylyna and was led by partnerNazar Chernyavsky.

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