Bryan Cave Leighton Paisner advises 12 STOREEZ and the founders of this Russian apparel brand on the private equity deal with Baring Vostok Capital Partners Fund.

Founded in Ekaterinburg in 2014, 12 STOREEZ now operates 35 stores across Russia and is continuing its dynamic expansion, inter alia, on leading global fashion platforms: in 2021, it became the first Russian brand to partner with Farfetch, an international fashion marketplace.

For 12 STOREEZ, having Baring Vostok among the company’s shareholders highlights a new development stage and is, according to its co-founder and CEO Ivan Khokhlov, “an important move toward institutionalising the business”.

Commenting on the deal, Anton Sitnikov, Partner, Head of Corporate/M&A, said: “We would like to thank the client for the trust they placed in us and for the opportunity to assist them in a matter of such importance to both the company and its owners. We wish 12 STOREEZ and their entire team every success and good luck in all their undertakings, projects and transactions!”

The Baring Vostok funds focus on private equity investments in Russia and the CIS and currently have over USD 3.7 bn of committed capital.

The BCLP project team was led by Anton Sitnikov, Partner and Head of Corporate/M&A (Russia), and Vera Gorbacheva, Associate Director, Corporate/M&A, and included:

Corporate/M&A – Anastasia Speranskaya, Associate Director, Anastasia Kudryashova, Senior Associate, Dmitri Antipin, Senior Associate and Solicitor, Kseniya Shevchenko, Senior Associate, Ayta Aduchieva, Associate, Gleb Aleksandrov, Paralegal, and Marina Galitskaya, Trainee.

Tax – Evgeny Timofeev, Partner and Head of Tax (Russia), Anna Zelenskaya, Counsel, Head of Tax Advisory (Russia), Denis Khramkin, Senior Associate, and Anton Serebryakov, Paralegal.

Employment, Pensions & Benefits – Nadezhda Ilyushina, Head of Employment Practice (Russia).

Intellectual Property – Anton Nefedev, Counsel, Head of IP in Technology (Russia).

Antitrust & Competition – Andrey Neminuschiy, Counsel, and Paul Culliford, Senior Associate.

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