Arzinger’s successful support for VENBEST Group’s investment transaction

Arzinger law firm, 
Kyiv, Ukraine, Thu, June 4, 2015

In May 2015Arzinger Law Office completed its successful work on representing VENBEST Groupwithin an investment transaction closed with Europe Virgin Fund (EVF).

The project involvedArzinger’s corporate/M&A and tax lawyers Pavlo Khodakovsky, ViktoriiaDobrynska and Alla Nadzon guided by Partner Anna Zorya.

Arzinger’s lawyers providedthe whole scope of legal services related to structure and close thetransaction, including the work on all the required transaction documents,recommendations for structuring the shareholder relations and implementing anew corporate governance system within VENBEST Group (which involved, inparticular, the comprehensive phased restructuring of Ukrainian companies),negotiating with the investor as well as advising on the specifics ofapplication of  Ukrainian and foreign (especially English) law.

The parties to thetransaction believe that EVF’s becoming a shareholder will be an additionalimpetus to VENBEST Group’s further dynamic growth and implementation of itsambitious goals.

Founded in 1991, VENBESTGroup is currently among the leading operators in the Ukrainian securityservice market. VENBEST Group provides services to more than 25 thousandclients across Ukraine and offers complex tailor-made security solutions to itsclients. Also, VENBEST Group has its own research and production center, whichprovides the company with advanced technologies in the field of technicalsecurity. Among the clients of VENBEST Group are such major private and stateorganizations as Kyivenergo, Privatbank, Oschadbank, Credit Agricole Bank, theNational Bank of Ukraine, Nova Poshta, and the supermarket chain ATB-Market.

EVF is a regional directinvestment fund. Its shareholders are Dragon Capital, EBRD, the Swissgovernment fund SIFEM, Black Sea Trade and Development Bank, and otherinvestors. The Fund provides investment capital to private sector companieshaving their core business in Ukraine, Belarus and Moldova. The Fund’spriorities are such sectors as consumer goods, retail, manufacturing,telecommunications, mass media, high tech, pharmaceuticals, building materialsand financial services. Among the Fund’s investments are the hygiene productsmanufacturer PJSC "VGP" (TM "Ruta"), the national operatorof outdoor advertising "Prime Group", the pharmaceutical manufacturer"Sperco Ukraine", and the leading electronic payment market operator"Portmone."