AVELLUM

acted as the legal counsel to Dobrobut, the leading private healthcare services

provider in Ukraine, and its shareholders on the disposal of a minority stake

in Dobrobut to Horizon Capital.

AVELLUM

advised Dobrobut on various aspects of the deal structuring and negotiated the

transaction documents, as well as coordinated completion of the entire

transaction.

AVELLUM’s

partner Yuriy Nechayev commented on this transaction:

“We are delighted that our

new client, Dobrobut, has chosen and relied on AVELLUM during the negotiation

of this transaction. The synergy between the AVELLUM team and the Dobrobut team

greatly contributed to the smooth completion of the deal. Once again, AVELLUM

proves to be a top choice for many clients, who appreciate our deep expertise

in M&A, tax and structuring, as well as our ability to quickly adapt and

provide unconventional solutions in a fast-paced environment.”

Oleg

Kalashnikov, CEO of Dobrobut, said:

“We are extremely grateful

to all parties involved in the process for their professionalism.

Professionalism is definitely the cornerstone of our business. As a result of

this transaction, Dobrobut will provide even more types of high-quality

healthcare services. Opening of new clinics will allow us to become closer to

our patients, while the provision of unique services will let us master new

skills. The support of our reliable partners will allow the fulfilment of

Dobrobut’s most ambitious plans, aimed at the improvement of people’s health.”

Inna

Koval, a legal counsel of Oleg Kalashnikov, who generally managed the

transaction from Dobrobut side, said:

“This transaction is a good

sign for the Ukrainian economy in general and the Ukrainian healthcare industry

in particular. Readiness of the reputable private equity fund and investors to

enter such a sophisticated business signifies Ukraine’s huge potential for

growth. We are convinced that this deal will bring most fruitful results to our

customers, who are the primary stakeholders in Dobrobut business.

We are grateful to AVELLUM for

helping us to negotiate and resolve complex legal matters during structuring

and implementation of this deal.”

Dobrobut

is a network of clinics and medical institutions in Kyiv and Kyiv region,

offering high quality, essential services to patients in Ukraine. As one of the

most innovative players in the industry, Dobrobut continuously invests in

digitalisation of business processes, including mobile platform that allows

patients to plan and pay for their visits online.

Horizon

Capital is the leading private equity firm in Ukraine, backed by over 40

institutional investors in four funds. Led by Founding Partners Lenna Koszarny

and Jeffrey C. Neal and Senior Partner Denis Tafintsev, the firm manages over

USD850 million in assets from investors with a capital base exceeding USD350

billion. Its Ukraine-focused funds have invested over USD650 million in 140

companies employing over 46,000 people in Ukraine and the near region. Horizon

Capital is a value-added investor, backing visionary entrepreneurs leading

transformational businesses in Ukraine and the near region.

The AVELLUM team was led by partner

Yuriy Nechayev with support from associates Anton Arkhypov, Dmytro Symbiryov,

Uliana Lutchyn, Maryna Buinytska, and Alina Zagatska. Partner Vadim Medvedev

and associates Dmytro Tkachuk, Anton Zaderyholova and Oleksandr Kulykovskyi

advised on tax and structuring matters.