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CMS Advises S8 Capital on Sale of ELT-Poisk

CMS Advises S8 Capital on Sale of ELT-Poisk

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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.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru


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