AVELLUM acted as the legal counsel to Investment Capital Ukraine (“ICU”) on the establishment of a joint venture with VR Capital Group to develop a 63.8 MW solar power plant in Khmelnytskyi region.
AVELLUM provided legal support to ICU in negotiating and signing the transactional documents, as well as in completion of the transaction. AVELLUM also assisted ICU in negotiating a contract for the purchase of solar modules entered into with an internationally operating EPC and turnkey solution provider of photovoltaics power plant.
AVELLUM’s partner Yuriy Nechayev commented the following: “This transaction shows not only our deep expertise in M&A for which AVELLUM is well known on the market for years, but also our capability to provide full-scope legal support in implementation of the projects in renewable energy sector.”
ICU is an independent asset management, private equity, and investment advisory firm specialising in the emerging markets of Central and Eastern Europe.
VR Capital Group is an alternative asset manager focused on distressed securities and event-driven/special situations investments with a strong historical orientation towards emerging markets. VR Capital Group operates offices in London, New York, and Moscow and has a presence in Buenos Aires.
The AVELLUM team was led by partner Yuriy Nechayev, with support from associates Dmytro Symbiryov and Olga Tersina.