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Sayenko Kharenko and Avellum Advise on Buyback of Dobrobut Shares from Horizon Capital

Sayenko Kharenko and Avellum Advise on Buyback of Dobrobut Shares from Horizon Capital

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Sayenko Kharenko had advised Horizon Capital on the sale by its Emerging Europe Growth Fund III, LP of a minority stake in Dobrobut to the company's existing shareholders: Dobrobut Managing Shareholder and CEO Oleg Kalashnikov, and Concorde Capital. Avellum advised the shareholders on the deal.

Horizon Capital is backed by over 40 institutional investors with a capital base of over USD 350 billion, managing four funds with assets under management of over USD 850 million and a tenure of 25 years in the region.

According to Avellum, "Dobrobut is the leading private healthcare services provider in Ukraine with a network of clinics and medical institutions in Kyiv and Kyiv region, offering high-quality, essential services to patients in Ukraine. As one of the most innovative players in the industry, Dobrobut continuously invests in the digitalization of business processes, including a mobile platform that allows patients to plan and pay for their visits online."

Both Sayenko Kharenko and Avellum worked on Horizon Capital's acquisition of the stake it now sells back to the shareholders in 2019 (as reported by CEE Legal Matters on May 27, 2019).

Sayenko Kharenko Partner Alina Plyushch described the buyback by the shareholders as "a landmark project for Ukrainian private medical services market." According to her, "I am convinced that it is hard to overestimate the importance of investing in medical sector today, when Ukraine is struggling with a pandemic."

Plyushch supervised Sayenko Kharenko’s team working on the deal, which was managed by Senior Associate Dmitriy Riabikin, supported by Associate Yaroslava Chernyshchuk.

Avellum's team was supervised by Partner Yuriy Nechayev and led by Senior Associate Anton Arkhypov, with support from Associate Andriy Kornuta.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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