On 15 May 2024, amendments to the Labour Code of Ukraine came into effect aiming to regulate the rights and obligations of parties in labour relations during a change of control over business. The Ukrainian parliament adopted such amendments to align Ukrainian legislation with EU Directive 2001/23/EC, dated 12 March 2001.
DTB Advises Talan Group on Sale of Solvis to Advance Capital Partners
Divjak Topic Bahtijarevic & Krka has advised the Talan Group on its sale of a 60% stake in Solvis to Advance Capital Partners. Sole practitioners Branimir Zarkovic and Toni Smrcek advised ACP.
Kyriakides Georgopoulos Advises on EQT Investments USD 1.51 Billion Public Offer for Sweden's OX2
Kyriakides Georgopoulos, working with Vinge, has advised the EQT Investments group on its public offer to acquire Swedish renewable energy company OX2 for USD 1.51 billion through an SPV.
Herbst Kinsky and KPMG Law Advise on Enspired Series B
Herbst Kinsky has advised Zouk Capital on leading Enspired's EUR 25.5 million series B financing round. Capital Push VC, Puspoek, Banpu Next, Vopak Ventures, and Presidio Ventures joined the round alongside existing investors Emerald Technology Ventures, Helen Ventures, 360 Capital, and EnBW New Ventures. KPMG Law advised Enspired.
Wolf Theiss, Cerha Hempel, and Schoenherr Advise on Takeover Bids for Addiko Bank
Wolf Theiss has advised Addiko Bank on navigating the takeover bids submitted by Agri Europe Cyprus Limited and Nova Ljubljanska Banka. Cerha Hempel advised Agri Europe. Schoenherr advised NLB.
Understanding Ukraine's M&A Landscape: Trends in 2023-2024
Despite the ongoing war, there was a significant increase in Mergers & Acquisitions (M&A) transactions and private equity (PE) investments in 2023 compared to 2022, predominantly in the IT sector. Openly accessible market evaluations indicate that the volume of M&A deals might have reached $1.7 billion in 2023, five times more than in 2022. While that does not quite match the level of activity observed in 2021, it sets a cautiously optimistic tone for 2024.
Dorda, E+H, and Binder Groesswang Advise on Novo Holdings' Acquisition of Single Use Support
Dorda, working with Linklaters, Kromann Reumert, and Wilson Sonsini Goodrich & Rosati, has advised Novo Holdings on its acquisition of Single Use Support. E+H advised the Single Use Support founders and Binder Groesswang advised Danaher on the sale side. Kirkland & Ellis reportedly advised Danaher as well.