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21 August 2008

Asters Advises L Capital Management on the Acquisition of One of the World's Leading Yacht Company


Asters acted as legal counsel to L Capital Management, a French investment company controlled by LVMH Moet Hennessy Louis Vuitton, one of the world’s largest luxury groups, and Groupe Arnault, the investment vehicle of French billionaire Bernard Arnault, on the issues of Ukrainian merger control law, including obtaining clearance from the Antimonopoly Committee of Ukraine for the acquisition of control over The Renwick Group p.l.c., one of the leading yacht companies in the world. The deal is reportedly valued at about GBP 200 million.

The Renwick Group p.l.c. is a holding company for the group of companies which are active in the production and distribution of luxury motor boats under the "Princess" brand. Founded in 1965, the group now distributes boats all over the world.

Asters' team working on the Ukrainian aspects of the deal included associates Tetyana Buchko and Olga Voronkova under the supervision of partner Igor Svechkar. Linklaters acted as international legal counsel to L Capital Management.



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