AVELLUM Advises Horizon Capital on

Disposal of Stake in Ergopack Group

AVELLUM acted as

the lead legal counsel to Horizon Capital and certain individuals on the

disposal of 90% stake in Ergopack Group in favour of Sarantis Group.

AVELLUM advised

the clients on various aspects of the deal structuring, drafted and negotiated

the transaction documents, and coordinated their signing process, as well as

completion of the entire transaction.

Moreover, AVELLUM

advised the clients on obtaining clearances of the Antimonopoly Committee of

Ukraine for this transaction.

AVELLUM’s partner

Yuriy Nechayev commented the following: “This transaction was quite complex

and, as such, required closely coordinated work of our team on multiple

parallel work streams within very tight deadlines. We were able to successfully

pass this test, once again confirming that teamwork is one of our firm’s

fundamental values. Needless to say, we are proud and honoured to have assisted

Horizon Capital on its yet another successful exit.”

Ergopack Group is

a leading player in the growing Ukrainian household market with an increasing

market share through the years. Annual sales of Ergopack Group during 2017

amounted to approximately USD29 million.

Horizon Capital is

the leading private equity firm in Ukraine backed by over 40 institutional

investors, managing four funds with assets under management of over USD750

million and a tenure of 25 years in the region.

Sarantis Group is

one of the leading consumer product companies and has operating subsidiaries in

9 European countries – Poland, Romania, Bulgaria, Serbia, Czech Republic,

Hungary, Macedonia, Bosnia and Portugal – the Group maintains a powerful

international presence and a distribution network that exports to more than 35

countries.

The AVELLUM team was led by partner Yuriy Nechayev, with

support from senior associate Andriy Romanchuk and associates Dmytro Symbiryov

and Oleksandr Kulykovskyi. Managing partner Mykola Stetsenko, senior associate

Yaroslav Medvediev, and associates Andrii Gumenchuk and Anton Arkhypov advised

on antitrust matters.