Vasil Kisil & Partners has announced that it has acted as legal advisor to the UBG Corporation in its February sale of shares in the Ukrainian Dobrobut medical clinic chain to Concorde Capital and Oleg Kalashnikov, the co-owner of the Luxoptica chain in Ukraine.
The value and terms of the deal were not disclosed, and the firm expects the transaction to completely close by the end of 2014.
According to a statement released by VKP, Dobrobut Medical Centres have been offering private medical services since 2001. The chain consists of eight clinics in Kiev and Donetsk which, combined, treat approximately 25 thousand patients a month.
Vasil Kisil & Partners supported UBG in all stages of the transaction, including negotiations, drafting security documents (including the Share Purchase Agreement and Shareholders Agreement), advising on escrow arrangements for both parties to the transaction, and consulting on other issues related to the implementation of the deal. The VKP team was led by Partner Anna Babych and included Corporate/M&A Senior Associate Oksana Krasnokutska and Associates Yaroslav Lepko and Olena Malets.