28
Thu, Mar
51 New Articles

CMS Advises S8 Capital on Sale of ELT-Poisk

CMS Advises S8 Capital on Sale of ELT-Poisk

Russia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

CMS Russia has advised S8 Capital on the sale of ELT-Poisk — a motor insurance and lending platform that provides development and implementation of IT solutions for automating the interaction of car dealers, leasing companies, insurance companies, and banks — to an unidentified foreign private fund specializing in FinTech investments.

The transaction value was not disclosed. 

S8 Capital is a diversified Russian holding company with assets in the financial and telecommunications sectors, e-commerce, digital media, and retail. All the businesses are engaged in high-tech products and services based on big data. The founder and shareholder of S8 Capital is Russian businessman Armen Sarkisyan.

The CMS team was led by Partner Hayk Safaryan, supported by Associates Mikhail Panferov and Vladislav Eltovskiy.

CMS said it was unable to disclose additional information about the deal.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.