Deals

Baker McKenzie advised the shareholders of Depositphotos

Baker McKenzie has advised the shareholders of Depositphotos, a stock photo content marketplace, on the sale of 100% of the shares in Depositphotos, including its subsidiary Crello, an online graphic design editor, to VistaPrint, a global printing, design and marketing service provider. The sale was completed for a total price of USD 85 million. Baker McKenzie’s multijurisdictional M&A core team for this transaction included partners Viacheslav Yakymchuk (Kyiv) and Lisa Fontenot (Palo Alto), along with associate Gwen Karanadze (New York) and counsel Andrii Moskalyk (Kyiv), supported by the lawyers from the Employment, IP and Tax Practice Groups from the Kyiv, Palo Alto, San Francisco and Los Angeles offices. Kyiv partner Oksana Simonova and senior associate Olga Mikheieva secured merger control filing in Ukraine.

AVELLUM advised MHP on investment into Foodz

AVELLUM acted as the legal counsel to its long-standing client MHP in connection with investment in Ukrainian food-tech start-up Foodz. As a result of two rounds of funding, MHP received a minority stake in Foodz. AVELLUM provided legal support to MHP in structuring the deal and drafting the transaction documents.

MHP is a leading poultry producer in Europe and one of the biggest grain producers in Ukraine. The company specialises in the production of chicken and the cultivation of cereals and other agricultural activities.

AVELLUM team was jointly led by counsel Andriy Romanchuk and associate Yuliia Chelebii-Kravchenko with support from associate Yelyzaveta Kashyna and under the general supervision of managing partner Mykola Stetsenko. Senior associate Anastasiya Voronova advised on the financial matters of the deal.

Baker McKenzie advised First Ukrainian International Bank

The Kyiv office of Baker McKenzie acted as legal counsel to First Ukrainian International Bank (FUIB) in connection with the structuring, negotiation and entry into a conditional purchase agreement for the shares in Idea Bank  from its sole owner, Polish financial group Getin Holding. If completed, the deal will strengthen FUIB’s retail banking business line by the synergy from adding the existing Idea Bank consumer lending business and its digital platform.

Partner Viacheslav Yakymchuk and counsel Andrii Moskalyk led the transaction team. The team also included associates Hanna Smyrnova and Mariia Gorokh , Mykyta Stebliuk and Artem Sinelnikov, Dmytro Skydan, Anna Stepanowa and Andrii Levchenko.

Sayenko Kharenko advised Getin Holding S.A.

Sayenko Kharenko has acted as lead legal counsel to Getin Holding S.A., in relation to the sale of 100% of the share capital of the group of Romanian companies operating under IDEA brand: Idea Bank Romania, Idea Investment, Idea Leasing IFN and Idea Broker de Asigurare to Banca Transilvania S.A.

Sayenko Kharenko provided full-scope legal support of the transaction for the seller, including drafting and negotiating transaction documents, deal implementation, pre-closing and assistance during completion meeting in Bucharest.

Sayenko Kharenko corporate and M&A practice team working on the project was led by senior associate Dmitriy Riabikin, supported by associate Anastasiia Yermolenko. Partner Alina
Plyushch supervised the project.

Cameron McKenna Nabarro Olswang advised EBRD

CMS Cameron McKenna Nabarro Olswang has advised the European Bank for Reconstruction and Development on its USD 75 million investment in the USD 825 million sustainability-linked bond (SLB) issued by Ukraine’s national power company, Ukrenergo.

It is the first sustainability-linked bond issued by a Ukrainian company and the EBRD’s participation as the anchor investor provided comfort to other institutional investors, further widening the market participation. CMS advised the EBRD on Ukrainian and English law aspects of the transaction. CMS’s advice related to the review of the prospectus and regulatory aspects of the issuance.

The CMS team was led by Ihor Olekhov in Kyiv and Rafal Zakrzewski in Warsaw with support from Michael Cavers in London and a team consisting of Khrystyna Korpan from CMS Ukraine, Przemyslaw Karolak from CMS Poland and Kirsty Templar from CMS in London.