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DLA Piper Advises on Acquisition of Ukrainian Online Payment Company

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DLA Piper has advised Europe Virgin Fund (EVF), a private equity fund sponsored by Dragon Capital, in the acquisition of the majority stake in Portmone.com, the leading Ukrainian system of online payments.

The DLA Piper team was led by Illya Muchnyk (legal director) and Margarita Karpenko (managing partner of DLA Piper in Ukraine). Associates Dmytro Pshenychnyuk (Finance & Projects) and Dmytro Tkachenko (Corporate) assisted on the transaction.

Andrey Nosok, managing director of the private equity department at EVF added: "With our investment, we intend to bring a new energy for the further development of the company. The primary focus will be to attract new clients, the design of new services, as well as introducing a more user-friendly system."

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