AVELLUM acted as the Ukrainian legal counsel to GROUPE ATLANTIC, a leading French HVAC company, on the acquisition of SST Group’s electric underfloor heating and water leakage control systems business.

AVELLUM advised GROUPE ATLANTIC on the structuring of the transaction, conducted legal due diligence of the Ukrainian part of the target business, and assisted with review of certain transaction documents.

Herbert Smith Freehills acted as the global legal counsel to GROUPE ATLANTIC.

GROUPE ATLANTIC is a leading global HVAC player with annual turnover exceeding EUR1.8 billion.

SST Group is the largest in Russia and one of the largest global providers of residential heating cable solutions and industrial heat tracing systems.

The AVELLUM team was led by partner Yuriy Nechayev, with support from associates Dmytro Symbiryov and Yulia Chelebii-Kravchenko.