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Baker & McKenzie advises on sale of stake in Rozetka
Baker&McKenzie, Kyiv,
Ukraine, Tue, July 21, 2015
Kyiv, Ukraine, 20 July2015 – Baker & McKenzie has acted as the legal advisor to theowners of the Rozetka business, a market leader in the Ukrainian e-commerceindustry, in connection with the sale of a stake to Horizon Capital.
Rozetka is one of the most recognized Ukrainian online retailers. VladyslavChechotkin, CEO and Founder of Rozetka, said: "Thank you for the job welldone. It took hard work and commitment to achieve this result. I wassurprised that, in addition to delivering high-quality work, an internationallaw firm was ready to work seven days a week and virtually 24 hours aday."
As part of this transaction, Horizon Capital, a leading regional private equityfund manager with AUM of over US$600 million, acquired a stake in Rozetka. Thefinancial terms of the transaction have not been disclosed.
Viacheslav Yakymchuk, Partner of the Kyiv office of Baker & McKenzie, wholed the transaction, commented: "It is a landmark transaction in theUkrainian e-commerce market and we are proud to have helped Rozetka attractthis investment. The successful closing of this deal required a great teameffort on the part of all involved. We wish Rozetka much success in furtherdeveloping this business together with its new partner."
Kyiv team on this project included Partners Viacheslav Yakymchuk and OksanaSimonova, Senior Associate Zoryana Sozanska-Matviychuk and Associates OlgaGavrylyuk, Nataliya Kovalyova, Alyona Furda and Anna Dolynna.
About Baker & McKenzie
Founded in 1949, Baker &McKenzie advises many of the world’s most dynamic and successful business organizationsthrough 4,250 lawyers and 5,300 other professional staff in 77 offices in 47countries. Global revenues for the fiscal year ended June 30, 2014, were $2.54billion. Eduardo Leite is Chairman of the Executive Committee.(www.bakermckenzie.com)