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.