Vasil Kisil & Partners has assisted Camozzi LLC with its purchase of an industrial site in Kalynivka, Ukraine, near Kyiv, from Solum LLC.
Camozzi LLC is the Ukrainian subsidiary of Camozzi s.p.a., an Italy-based international producer of pneumatic industrial automation solutions with a global sales network encompassing more than 70 countries.
Solum LLC is a Ukrainian real estate company associated with Piraeus Bank Group.
According to VKP, "the transaction was accomplished by means of a letter of credit from Ukrsibbank BNP. "The acquired facility comprises of the production block and office premises of over 4 thousand square meters in total and separate transformer substation, and also includes a land plot of over 2 hectares in area. On renovation, Camozzi plans to further expand its production capacities in Ukraine on this site."
The VKP team that "conducted comprehensive legal due diligence of the assets, advised on structuring the transaction to ensure the safety of both the funds and the assets in transit, [and] drafted and negotiated the whole set of transaction documents, including financing arrangements," included Partner Alexander Borodkin and Associate Roman Riabenko.
