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Sayenko Kharenko advises Horizon Capital on Dobrobut investment

May 2019 - Corporate & Commercial. Legal Developments by Sayenko Kharenko.

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Sayenko Kharenko has acted as legal counsel to private equity firm Horizon Capital regarding acquisition of a minority stake in Dobrobut, the leading private healthcare provider in Ukraine. Dobrobut operates a network of private clinics and hospitals in Kyiv staffed by qualified professionals and equipped with modern medical equipment, providing quality care to their patients.

The deal was structured as a new share issue in the holding company of Dobrobut group and a subsequent subscription by Horizon Capital group company. Sayenko Kharenko provided full transactional support including complex transaction structuring, drafting and negotiating transaction documents, conducting due diligence, obtaining merger approval from the Antimonopoly Committee of Ukraine, and overall assistance during the closing of the deal.

Sayenko Kharenko’s transaction team led by partner Alina Plyushchand senior associate Dmitriy Riabikin with support from associate Dmytro Hotsyn advised on deal structuring, assisted with preparation of transaction documents and supervised the closing of the transaction. The due diligence team was led by partner Vladimir Sayenko and senior associate Mykhailo Grynyshyn and included senior associate Tymur Enkhbaiar, associates Oksana Daskaliuk and Dasha Dashkevych and others. The merger clearance team was led by partner Vladimir Sayenko and included senior associate Julia Kuyda and associate Igor Pomaz.

Alina Plyushch comments: “It was exciting to take part in this transaction since we felt that we made a small contribution to the development of the medical industry in Ukraine. We are convinced that this investment by Horizon Capital will help to raise the quality of private healthcare services offered in our country. Thanks to the commitment and mutual cooperation of all parties, we managed to efficiently negotiate all necessary transaction documents and arrange the smooth closing of the deal.”