EY Ukraine has advised MK Group
EY Ukraine acted as an exclusive financial and legal advisor to MK Group, a large international diversified holding with EUR 1 billion annual turnover specializing in agriculture, banking and hotel businesses in Central Europe, in connection with the disposal of agricultural assets in Ukraine.
EY efforts facilitated the acquisition by one of Kernel’s subsidiaries of 100% interest in MK Group Ukraine’s farming business. The transaction services included search of a potential buyer with the most competitive offer, pre-transaction legal restructuring of the sale assets, deal structuring, preparation of transaction documents, negotiations, and deal signing and closing support.
Total consideration of USD 43.3 million has been paid in cash for the 100% interest in the business, which has a positive net working capital less net debt in excess of USD 4 million, cultivates more than 27,500 hectares of leasehold farmland and has over 170,000 tons of grain storage capacity in Central Ukraine.
EY M&A project team was led by Mykola Korol, associate director, Transaction Advisory Services. EY legal team was led by Bogdan Malnev, senior associate, under the supervision of Albert Sych, partner, and with significant support from Vitalii Pustovyi, associate.