AEQUO has advised the European Bank for Reconstruction and Development (EBRD) on the Ukrainian law matters associated with the transaction on the acquisition of its borrower – Ergopack LLC, one of the leading Ukrainian producers of cleaning and maintenance products – by Sarantis Group. Sarantis Group is a leading producer of branded cosmetics & personal care, household products and fragrances in 10 regional markets such as Greece, Poland, Czech Republic, Hungary, Bulgaria, Portugal, Romania etc.
AEQUO's advisory role to EBRD included legal assistance in drafting and negotiating the transaction documents from the Ukrainian legal perspective, including the shares sale and purchase agreement in the acquisition target and the assignment agreement of the EBRD loan. AEQUO's lawyers assisted with the collection and control over fulfilment of conditions precedent to the acquisition, the release of respective security and the completion procedures.
"We are very honored to have assisted EBRD with this complex transaction spreading across multiple jurisdictions and involving considerable number of parties. We are also grateful to EBRD, our long-standing client, for the opportunity to participate in this landmark acquisition welcoming Sarantis Group into the Ukrainian FMCG market", comments Yulia Kyrpa.
AEQUO project team included senior associate Bohdan Dmukhovskyy and associate Valeriy Savva, who worked under the supervision of Yulia Kyrpa, partner and head of Banking & Finance Practice of the firm.