Avellum has advised Horizon Capital and other individuals on the disposal of a 90% stake in Ergopack Group in favor of Sarantis Group.
According to Avellum, "Ergopack Group is a leading player in the growing Ukrainian household market with an increasing market share through the years. Annual sales of Ergopack Group during 2017 amounted to approximately USD 29 million.”
Horizon Capital is an equity firm in Ukraine backed by over 40 institutional investors, managing four funds with assets under management of over USD 750 million.
Sarantis Group is a consumer product companies and has operating subsidiaries in nine European countries – Poland, Romania, Bulgaria, Serbia, Czech Republic, Hungary, Macedonia, Bosnia, and Portugal. The Group also has a distribution network that exports products to more than 35 countries.
Besides helping its client obtain clearance from the Antimonopoly Committee of Ukraine for this transaction, Avellum also advised them on various aspects of the deal structuring, drafted and negotiated the transaction documents, and coordinated their signing process.
The Avellum team was led by Partner Yuriy Nechayev, with support from Senior Associate Andriy Romanchuk and Associates Dmytro Symbiryov and Oleksandr Kulykovskyi. Managing Partner Mykola Stetsenko, Senior Associate Yaroslav Medvediev, and Associates Andrii Gumenchuk and Anton Arkhypov advised on antitrust matters.
Image source: ergopack.de
