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Avellum Partners Advised Mohawk Industries, Inc. on Ukrainian Merger Control Aspects of USD1.2 bn Acquisition of the IVC Group
Avellum Partners, Kyiv, Ukraine
Mon, October 5, 2015
Mon, October 5, 2015
Kyiv, 5October 2015 – Avellum Partners advised Mohawk Industries, Inc. in connectionwith obtaining merger control clearance from the Antimonopoly Committee ofUkraine for the acquisition of the IVC Group. The estimated transaction valueis USD1.2 billion, which is a combination of cash and equity.
MohawkIndustries, Inc. is the leading global flooring manufacturer that createsproducts to enhance residential and commercial spaces around the world.Mohawk's vertically integrated manufacturing and distribution processes providecompetitive advantages in the production of carpet, rugs, ceramic tile,laminate, wood, stone and vinyl flooring. Mohawk’s brands are among the mostrecognized in the industry and include American Olean, Bigelow, Daltile,Durkan, Karastan, Lees, Marazzi, Kerama Marazzi, Mohawk, Pergo, Unilin andQuick-Step.
The IVCGroup is a major manufacturer of sheet vinyl, luxury vinyl tile (LVT) andlaminate, with operations in Europe and the United States and sales ofapproximately $700 million. IVC’s brands include Leoline, Flexitec, Itec andModuleo.
Avellum Partners team wasled by Associate, Iaroslav Medvediev, with input from Associate, AndriiGumenchuk, under the supervision of Managing Partner, Mykola Stetsenko.