NEWS (October 20, 2021)

AVELLUM advised on acquisition of Portmone

AVELLUM acted as the Ukrainian legal counsel to JSC  in connection with the acquisition of 100% shares in Portmone Group by Kaspi Pay, a wholly owned subsidiary of

AVELLUM provided full legal support to in performing legal due diligence of Portmone, negotiating and drafting the transaction documents, as well as coordinating completion of the entire transaction. AVELLUM advised the client on obtaining merger control clearance of the Antimonopoly Committee of Ukraine and the approval of the National Bank of Ukraine for the acquisition of the significant stake in Portmone.

The acquisition of Portmone gives Kaspi Pay a solid starting platform with a payments licence from the National Bank of Ukraine, Visa & Mastercard accreditation, business relationships with thousands of merchants and a wide pool of banks.

The AVELLUM team was led by managing partner Mykola Stetsenko with support from associates Yelyzaveta Kravtsova, Oleksandr Kozhukhar, and Anastasiia Karpenko, who handled corporate and M&A matters. Senior associate Anton Arkhypov and associate Yelyzaveta Kashyna advised on antitrust matters under the general supervision of counsel Mykyta Nota. Counsel Andriy Romanchuk, associates Yelyzaveta Kravtsova, Iryna Fonotova, and Anastasiia Karpenko assisted with obtaining the approval of the National Bank of Ukraine.

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