DLA Piper has advised Sberbank Investments on its secured mezzanine loan to Russia’s Nizhny Novgorod Region and Prosveshcheniye Group for the construction of a training and educational center.
Financial aspects of the deal were not disclosed.
According to DLA Piper, “the educational center in Nizhny Novgorod will have a total capacity of 4,550 seats. The financing consists of a loan from Sberbank, the investor’s own money, and the federal budget, which allocated funding for the 800th anniversary of Nizhny Novgorod.”
DLA Piper’s Moscow team consisted of Partner Leo Batalov, Legal Director Ivan Sezin, and Associate Daria Vasilieva.