Salans advised Dragon Capital on the establishment of the Europe Virgin Fund. The Fund will invest in fast growing companies in a wide range of private sector mid-sized businesses with primary operations in Ukraine, Belarus and Moldova and will acquire majority or significant minority stakes. The industry focus will be on FMCG, retail, industrial, telecoms, media, technology, pharmaceuticals, construction materials, and financial services companies.
Dragon Capital is Ukraine's leading investment bank offering a comprehensive range of services in equities and fixed income sales, trading and research, investment banking, private equity, and asset management to institutional, corporate, and private clients. Dragon Capital has committed to provide strong strategic support in addition to investing a minimum of USD 20 million to the Fund as one of the Limited Partners. The Europe Virgin Fund’s investors include the European Bank for Reconstruction and Development (EBRD), Swiss Investment Fund for Emerging Markets (SIFEM), and several private investors. The target size of the Fund is USD 200 million for its final closing expected mid 2011.
Salans' lawyers in Kyiv and London provided full legal support to Dragon Capital on this project. Salans' project team was led by Peter Hughes (Partner, London) and Oleg Batyuk (Managing Partner, Kyiv).
Alex Munteanu, Managing Director Private Equity at Dragon Capital, said: “We would like to thank the team of the international law firm Salans for their exceptional professional support on this project. Salans' team demonstrated in-depth understanding of business processes in Ukraine, exceptional cross-border expertise and commitment.”
Oleg Batyuk, Managing Partner of Salans Kyiv office, said: “We are glad to have helped our client with the successful closing of this transaction. We are proud of the client’s confidence in our knowledge and expertise, and we look forward to challenging legal assignments in future.”
Contacts:
Oleg Batyuk - Managing Partner, Kyiv
Tel.: +380 44 494 4774
Email: obatyuk@salans.com
Irina Batmanova - Business Development & Marketing Manager
Tel: +380 44 494 4774
Email: ibatmanova@salans.com