News (#01-02 January-February 2020)

Deals

DLA Piper advised NEQSOL

DLA Piper has advised NEQSOL on the acquisition of VF from Russian telecommunications operator MTS Group for USD 734 million, including USD 84 million worth of earn-out payment. In addition, the firm advised NEQSOL on raising acquisition financing for the deal from a group of international funds and financial institutions led by J.P. Morgan Securities Plc and Raiffeisen Bank International A.G.

The cross-practice, multiple office team provided full legal and tax support throughout the transaction.

The DLA Piper Ukraine team was led by partners Alla Kozachenko and Illya Sverdlov, with key support from partners Galyna Zagorodniuk, Oleksandr Kurdydyk, legal directors Dmytro Pshenychniuk and Natalia Kirichenko, senior associates Dmytro Rylovnikov and Lyudmyla Dzhurylyuk.

The DLA Piper Ukraine transaction team included country managing partner Margarita Karpenko, senior associate Olena Martsynovska, associates Yuliia Brusko, Danylo Rudyk, Viktoriia Luganska and Zhanna Babych, Ivan Shatov, junior associates Andrii Falendysh, Kateryna Tyshchenko, paralegals Anna Vizniak and Andrii Vlaiko.

Asters advised EBRD on EUR 10 million financing to Grain Alliance Group

Asters acted as a legal counsel to the European Bank for Reconstruction and Development in connection with its EUR 10 million financing to Grain Alliance Group which cultivates over 50,000 hectares of land and is owned by Claesson & Anderzen of Sweden.

The loan will finance the expansion of the groups storage facilities in northern Ukraine and the purchase of agricultural machinery. The project is co-financed by a EUR 1.5 million loan from the Taiwan International Cooperation and Development Fund (TaiwanICDF). The loan will be supported by the EBRDs Finance and Technology Transfer Centre for Climate Change (FINTECC) programme with a grant of up to USD 374,000 covering the installation of two biomass-fired heat generators with a total capacity of 24MW. The Asters banking and finance team consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associates Inna Bondarenko and Viktoria Zagreba.

AVELLUM advised Van Leeuwen Pipe and Tube Group

AVELLUM acted as the Ukrainian legal counsel to the Netherlands-based Van Leeuwen Pipe and Tube Group on the acquisition of BENTELER Distribution Ukraine, a part of the international distribution division of BENTELER International AG.

AVELLUM advised Van Leeuwen Pipe and Tube Group on the structuring of the transaction, conducted legal due diligence of the Ukrainian part of the target business, and drafted certain transaction documents.

Freshfields Bruckhaus Deringer LLP acted as the global legal counsel to Van Leeuwen Pipe and Tube Group.

The team was led by associate Dmytro Symbiryov, with support from associates, Maryna Buinytska, Yuliia Chelebii-Kravchenko, and Oleksii Izotov, under the supervision of co-managing partner Mykola Stetsenko.

AEQUO acted as legal advisor to Dragon Capital

AEQUO acted as a legal advisor to Dragon Capital on execution of the agreement for acquisition of a stake in Idea Bank JSC (Lviv) from the East European financial group Getin Holding S.A. (Poland).

Working closely with the Dragon Capital team, AEQUO provided the client with legal assistance that included legal due diligence of Idea Bank, transaction structuring, preparation and negotiation of transaction documents, as well as legal advice on procedures regarding the execution of agreements.

The acquisition will be completed after receipt of permits from the Antimonopoly Committee of Ukraine and the National Bank of Ukraine, as well as after the conditions precedent to closing the deal are fulfilled by the parties. The transfer of shares in Idea Bank JSC is expected to be carried out before 31 May 2020.

AEQUOs project team worked under the supervision of Yulia Kyrpa, partner and included Bohdan Dmukhovskyy, counsel, Mykhaylo Soroka, senior associate, Anna Potapova, Olesia Mashtaler and Oleksandra Kupriichuk, associates.

Kinstellar advised DEG on USD 20 million credit facility for Astarta

Kinstellar has acted as the Ukrainian legal counsel to the German development finance institution DEG Deutsche Investitions und Entwicklungsgesellschaft mbH, a subsidiary of KfW Bankengruppe, headquartered in Cologne, Germany, in connection with a long-term facility of up to USD20 million for Astarta Group. Part of DEGs investment will be directed at modernizing Astartas production equipment, aiming to further reduce consumption of natural resources under Astartas Best Available Technology Programme.

The Kinstellar team advising on the transaction was led by Andriy Nikiforov, counsel and head of banking & finance in Kyiv, and includedGanna Kalinichenko, Oleh Andreikiv, senior associates, Viktoria PysmennaandJulia Palaida, associates.

AVELLUM Ukrainian legal counsel toDTEK Renewables

AVELLUM acted as the Ukrainian legal counsel toDTEK Renewables on a debut EUR 325 million 5-year 8.50% green Eurobond offering.

This offering was structured as the issue of senior notes by DTEK Renewables Finance B.V. guaranteed by its parent, DTEK Renewables B.V., as well as by SOLAR FARM-3 LLC and ORLOVKA WEP LLC, which are both subsidiaries of DTEK Renewables B.V.

The use of green Eurobonds provides an attractive and highly effective financial mechanism to support Ukraines transition to a more balanced energy system with lower CO2 emissions.

The AVELLUM team was led by senior partner Glib Bondar with support from associates Anastasiya Voronova, Oleg Krainskyi, Orest Franchuk, Dmytro Symbiryov, Anna Mykhalova, and Mariana Veremchuk.

Asters advised Green Genius

Asters acted as a legal counsel to Green Genius, a renewable energy company, part of Modus Group international holding, in connection with the construction of 14 MW solar power plant in the village of Zalukva, Ivano-Frankivsk Region. This is the first solar power project installed in Ukraine by Modus Group. Over EUR 11 million were invested in the construction of the solar power plant.

The Asters project team included partner Yaroslav Petrov, counsel Anzhelika Livitska, senior associate Marta Halabala, and associates Olena Sichkovska and Olena Yasentiuk.

Asters advised EBRD on financing to Kormotech

Asters acted as a legal counsel to the EBRDin connection with its financing of Kormotech Group to the sum of up to EUR 10 million.

The funds are part of a wider investment programme, which includes the construction of a new production facility in Lithuania and expansion of the Groups activities in Ukraine. Legal due diligence for the project is partially funded by the Japan-EBRD Technical Cooperation Fund.

Asters banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanianand associates Inna Bondarenko and Viktoria Zagreba.

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