News (#03 March 2016)

Deals

Avellum advised UniCredit Group

Avellum advised UniCredit Group on Ukrainian law matters in connection with the signing of agreements for the disposal of shares in PJSC Ukrsotsbank in favor of Alfa Group. Linklaters advised UniCredit Group on English law matters, while Rothschild and UniCredit Corporate & Investment Banking acted as the financial advisers of UniCredit Group. The transaction structure envisages the contribution of UniCredit Group’s shares in PJSC Ukrsotsbank in favor of Luxembourg holding company of Alfa Group, ABH Holdings S.A., in exchange for newly-issued shares representing a 9.9% stake of the holding company post transaction. UniCredit Group will cease to be a direct owner of shares in PJSC Ukrsotsbank and will become a shareholder of the diversified banking business of Alfa Group instead. The Avellum team was led by managing partner Mykola Stetsenko, and a counsel, Yuriy Nechayev, with significant support from associates Andriy Romanchuk, Dmytro Tkachuk and Dmytro Symbiryov.

 

AEQUO advised George Soros’s Ukrainian Redevelopment Fund

AEQUO advised George Soros’s Ukrainian Redevelopment Fund on Ukrainian merger control issues, including obtaining merger clearance and concerted actions approvals from the Antimonopoly Committee of Ukraine, in connection with acquisition of a significant equity stake in a leading global software engineering and solutions company called Ciklum Holding Limited. Aequo’s team was led by Denis Lysenko, managing partner, and included Sergey Denisenko, counsel, and associates Anna Litvinova and Igor Kalaida.

Integrites — legal advisor to Farmak Group

ILF Integrites acted as a legal advisor to PJSC Farmak on Ukrainian law competition matters. The team assisted with obtaining merger clearance approval from the Antimonopoly Committee of Ukraine in connection with the acquisition of KWW Kotkowski Wierzbicki sp.j., a leading Polish distributor of biologically active substances. The transaction in point is part of the company’s long-term strategy aimed at increasing the export of Farmak Group’s pharmaceuticals to European markets. Integrites team included partners Vyacheslav Korchev and Oleksandr Aleksyeyenko, senior associate Yevgen Blok and associate Ivanna Gumenna.

 

Asters advised EBRD on its USD 5 million loan to V.V. Kischenzi Ltd

Asters acted as a legal counsel to European Bank for Reconstruction and Development in connection with its USD 5 million financing to V.V. Kischenzi Ltd, a privately-owned, diversified agricultural producer. Kischenzi operates a variety of businesses ranging from grains and vegetable growing to dairy and pig farming. The loan will be covered by a first loss guarantee from the EU grant under the SME Direct Support Facility for small and medium-sized businesses (SMEs) in the countries of the Deep and Comprehensive Free Trade Area (DCFTA). Asters’ banking and finance team consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.

 

AEQUO advised Sberbank

AEQUO has advised Sberbank on the restructuring of a multi-million loan facility granted to one of the largest Ukrainian producers of electric equipment for railway machines, large-capacity vehicles, municipal passenger electric transport, port facilities, and industrial lifting devices. AEQUO advised the lender on potential enforcement procedures in Ukraine and abroad, negotiated the revised repayment terms, drafted the restructuring documentation and controlled the CPs’ fulfillment. The firm’s team was led by partner Yulia Kyrpa, assisted by senior associate Denys Kulgavyi.

 

Construction of a new grain terminal in Ukraine’s port of Yuzhniy

The Kiev office of Baker & McKenzie acted as Ukrainian legal counsel to Cargill, a leading international agricultural company, in respect of an agreement between representatives of Cargill and MV Cargo to enable the construction by MV Cargo of a new port terminal in Yuzhniy, Ukraine. The investment will be worth around USD 100 million. Construction of the terminal is expected to be completed by spring 2018. The Baker & McKenzie cross-border transaction team was led by partner Nick O’Donnell in London and Olyana Gordiyenko in Kiev, with key input from Olena Kuchynska and Nadiia Filozop in the Kiev office.

CMS Cameron McKenna in Kiev has advised MV Cargo. The CMS team was led by Graham Conlon, head of Corporate/M&A practice, and senior associate Tetyana Dovgan, with invaluable support from Vitalii Mainarovych, Nataliya Kushniruk, Nataliya Nakonechna and Sergiy Kulikov

 

Asters advised EBRD

Asters law firm acted as a legal counsel to the European Bank for Reconstruction and Development in connection with a capital increase in UkrSibbank of UAH 3.29 billion. The Asters team advising on the project was led by partner Iryna Pokanay, and included partners Yevgen Porada and Olexiy Pustovit, counsel Gabriel Aslanian and associates Inna Bondarenko and Nadiya Dmytrenko.

 

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