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Ukraine > Legal Developments > Law firm and leading lawyer rankings

Editorial

AVELLUM advises ICU on sale of 50% stake in 11 solar park projects

May 2019 - Corporate & Commercial. Legal Developments by Avellum.

More articles by this firm.

AVELLUM acted as the legal counsel to Investment Capital Ukraine (“ICU”) on the complex M&A transaction involving:

  • sale to VR Capital Group (“VR”) of 50% stake in a holding company owing 11 solar plants with an aggregate capacity of up to 127 MW in Mykolaiv region
  • establishment of a joint venture between ICU and VR

AVELLUM provided full legal support to ICU in negotiating and signing of the transactional documents, as well as in completion of the transaction. AVELLUM also advised ICU on all matters related to the financing of the project.

This is yet another transaction in AVELLUM’s portfolio of M&A deals in the renewable energy sector. This is also the third joint project of ICU and VR in the renewable energy sector (in addition to Kamianets-Podilsk and Kherson projects) in which AVELLUM supported ICU.

ICU is an independent asset management, private equity, and investment advisory firm specialising in the emerging markets of Central and Eastern Europe.

VR Capital Group is an alternative asset manager with assets under management in excess of USD4.5 billion. Since commencing operations in 1999, the firm’s investments have been concentrated in global emerging markets. VR Capital Group’s principal offices are in London and New York, and its advisory affiliates are regulated by the U.S. Securities and Exchange Commission and the U.K. Financial Conduct Authority.

The AVELLUM team was led by partner Yuriy Nechayev, with support from associates Dmytro Symbiryov and Vladyslav Aleksandrov. Counsel Maksym Maksymenko and associate Daryna Mykhailenko advised on real estate matters.

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