AVELLUM Advises Horizon Capital on Disposal of Stake in Ergopack Group

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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