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Avellum

38 VOLODYMYRSKA STREET, 4TH FLOOR, 01030 KYIV, UKRAINE
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Work +380 44 591 3355
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www.avellum.com
Kiev, Kiev

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AVELLUM Advises Horizon Capital on Disposal of Stake in Ergopack Group

May 2018

AVELLUM Advises Horizon Capital on Disposal of Stake in Ergopack Group

AVELLUM acted as the lead legal counsel to Horizon Capital and certain individuals on the disposal of 90% stake in Ergopack Group in favour of Sarantis Group.

AVELLUM advised the clients on various aspects of the deal structuring, drafted and negotiated the transaction documents, and coordinated their signing process, as well as completion of the entire transaction.

Moreover, AVELLUM advised the clients on obtaining clearances of the Antimonopoly Committee of Ukraine for this transaction.

AVELLUM’s partner Yuriy Nechayev commented the following: “This transaction was quite complex and, as such, required closely coordinated work of our team on multiple parallel work streams within very tight deadlines. We were able to successfully pass this test, once again confirming that teamwork is one of our firm’s fundamental values. Needless to say, we are proud and honoured to have assisted Horizon Capital on its yet another successful exit.”

Ergopack Group is a leading player in the growing Ukrainian household market with an increasing market share through the years. Annual sales of Ergopack Group during 2017 amounted to approximately USD29 million.

Horizon Capital is the leading private equity firm in Ukraine backed by over 40 institutional investors, managing four funds with assets under management of over USD750 million and a tenure of 25 years in the region.

Sarantis Group is one of the leading consumer product companies and has operating subsidiaries in 9 European countries – Poland, Romania, Bulgaria, Serbia, Czech Republic, Hungary, Macedonia, Bosnia and Portugal – the Group maintains a powerful international presence and a distribution network that exports to more than 35 countries.

The AVELLUM team was led by partner Yuriy Nechayev, with support from senior associate Andriy Romanchuk and associates Dmytro Symbiryov and Oleksandr Kulykovskyi. Managing partner Mykola Stetsenko, senior associate Yaroslav Medvediev, and associates Andrii Gumenchuk and Anton Arkhypov advised on antitrust matters.

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    AVELLUM acted as the Ukrainian legal counsel to Private Joint Stock Company with Foreign Investments “Slobozhanska Budivelna Keramika” (“SBK ”) in connection with the restructuring and refinancing of SBK’s debt, valued at approximately EUR20 million. Atlas Advisors, an independent investment banking firm, acted as the exclusive financial advisor to the SBK’s shareholders in connection with the restructuring of the credit portfolio, attraction of financing for the debt’s refinancing, and buy-out of SBK’s shares.
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