Asters has advised VR Capital Group on the acquisition of 50% of Matlomenius Holdings Ltd (Cyprus) from ICU. The seller was represented by Avellum.
Matlomenius Holdings Ltd is the owner of PodilskEnergo, which is now building a 60 MW solar power plant near Kamianets-Podilskyi. The power plant is scheduled to be commissioned by the end of 2018.
ICU is an independent asset management, private equity, and investment advisory firm specializing in the emerging markets of Central and Eastern Europe
Asters' team advised VR Capital Group on all the major aspects of the deal. In particular, they conducted legal due diligence of PodilskEnergo, participated in negotiation of transactional documentation, and obtained merger clearance from the Antimonopoly Committee of Ukraine.
Asters' project team included Partner Yaroslav Petrov, Senior Associates Marta Halabala and Oleh Furmanchuk, Associates Diana Kondratieva, Olena Nikolenko, Olena Sichkovska (all advising on corporate and regulatory aspects) Counsel Tetiana Vovk and Associate Pavlo Verbolyuk (advising on antitrust aspects), and Senior Associate Roman Drobotskiy (on real estate matters).
Avellum's team advising ICU included Partner Yuriy Nechayev and Associate Dmytro Symbiryov.
