Avellum has advised Kernel Holding S.A. on the acquisition of 100% of shares in Rail Transit Kargo Ukraine. Based on the enterprise value, the deal is worth USD 64 million.
According to Avellum, "the acquisition should increase Kernel’s operating profitability and protection against ever increasing logistics costs as well as procure the smooth and efficient delivery of grains from inland silos to ports."
Kernel is a global producer and exporter of sunflower oil and a major supplier of agricultural products from the Black Sea region to world markets. Kernel exports its products into over 60 countries.
RTK Ukraine is a grain hopper wagon fleet operator in Ukraine with a market share amounting to 15%. RTK Ukraine has a fleet of approximately 3,000 grain railcars.
The Avellum team was led by Partner Yuriy Nechayev with support from Associates Vladyslav Aleksandrov and Maryna Buinytska.
Avellum reported that it was unable to provide further information about the deal.