Asters advises VR Capital Group on acquisition of a 50% stake in 60 MW solar power plant project

Asters acted as a legal counsel to VR Capital Group on the acquisition of 50% of Matlomenius Holdings Ltd (Cyprus) from ICU, an independent asset management, private equity and investment advisory firm specialising in the emerging markets of Central and Eastern Europe. Matlomenius Holdings Ltd is an owner of PodilskEnergo, which is building a 60 MW solar power plant near Kamianets-Podilskyi (Khmelnytskyi region). The power plant is scheduled to be commissioned by the end of 2018.

Asters' team supported its client on all major aspects of the deal. In particular, Asters conducted legal due diligence of PodilskEnergo, participated in negotiation of transactional documentation and obtained a merger clearance from the Antimonopoly Committee of Ukraine.

Asters' project team included Partner Yaroslav Petrov, Senior Associates Marta Halabala and Oleh Furmanchuk, Associates Diana Kondratieva, Olena Nikolenko, Olena Sichkovska advising on corporate and regulatory aspects, Counsel Tetiana Vovk and Associate Pavlo Verbolyuk advising on the antitrust aspects, and Senior Associate Roman Drobotskiy – on real estate matters. 

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VR Capital Group is an alternative asset manager with a strong historical orientation towards emerging markets, including Ukraine. The company operates offices in London, New York and Moscow and has a presence in Buenos Aires.

Asters is a full-service independent national law firm that has maintained a strong presence in Ukraine since 1995. Asters has extensive industry-specific experience and plays a leading role in advising clients in various market sectors. The Firm has consistently remained at the top of the Ukrainian legal market throughout its history. Asters is a winner of Ukraine Law Firm of the Year 2018 award by Who’s Who Legal and a two-time winner of the Law Firm of the Year: Ukraine and the CIS award (The Lawyer European Awards 2014 and 2015). It is also acknowledged as the Law Firm of the Decade by Ukraine's Legal Awards 2016. Asters holds top positions in the most authoritative international and Ukrainian market reviews: The Legal 500, Chambers Global and Chambers Europe, IFLR 1000, Who's Who Legal, Best Lawyers, Expert Guides, and Top 50 Law Firms Annual National Ranking.