Asters has advised VR Capital Group on its acquisition of 50% of shares in PVK Energy Investments from ICU, an independent asset management, private equity, and investment advisory firm specializing in the emerging markets of Central and Eastern Europe. ICU was represented by Avellum.
According to Asters, "VR Capital Group is an alternative asset manager with a historical orientation towards emerging markets, including Ukraine. The company operates offices in London, New York, and Moscow and has a presence in Buenos Aires."
PVK Energy Investments is the owner of Solar Capital, which is building a 34.75 MW solar power plant in the Kherson region of Ukraine.
The Asters team included Partner Yaroslav Petrov, Counsel Anzhelika Livitska, Senior Associates Marta Halabala, Oleh Furmanchuk and Oleksandr Tselevych, Associates Diana Kondratieva, Olena Nikolenko and Olena Yasentiuk. Counsel Tetiana Vovk and Associate Pavlo Verbolyuk advised on antitrust aspects.
The Avellum team was led by Partner Yuriy Nechayev, with support from Associates Dmytro Symbiryov, Vladyslav Aleksandrov, and Daryna Mykhailenko.