CMS has advised the Investment Fund for Developing Countries on its EUR 7 million subordinated debt investment in Bank Lviv.
According to CMS, the investment is aimed at strengthening the bank’s capacity to finance small- and medium-sized enterprises across manufacturing, trade, and agribusiness. Bank Lviv serves around 45,000 customers and this capital injection will enable it to extend much-needed credit to the backbone of Ukraine’s economy.
Denmark-based IFU is an independent, government-owned fund that provides risk capital to companies in emerging markets with a focus on green transition and socio-economic development.
The CMS team included Partner Ihor Olekhov, Counsel Kateryna Chechulina, Associates Bohdan Ilchenko, and Yaroslav Pavliuk, Trainee Ruslan Dotsenko, and Paralegal Liudmyla Stryzhak.
