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DLA Piper Advises Familia on Sale of Minority Stake to TJX

DLA Piper Advises Familia on Sale of Minority Stake to TJX

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DLA Piper has acted as lead tax advisor to several shareholders of Familia, Russia’s leading off-price apparel and home fashions retailer, on the USD 225 million sale of a 25% stake to the TJX Companies Inc.

According to DLA Piper "this investment gives TJX the opportunity to invest in Russia’s off-price apparel and home fashions retail market, which has significant potential for further growth."

Familia is an off-price apparel and home fashions retailer that operates over 275 stores in Russia. It was founded in 2000.

The DLA Piper team was led by Moscow Partner Igor Venediktov and Luxembourg Partner Jacques Wantz, assisted by New York Partner Drew Young and Associates Joy Cheng and Robin Theuns.

DLA Piper did not reply to our inquiry on the matter.

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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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