Asters Advises on Sale of Controlling Stake in ISIDA to Advent

Asters has acted as a legal advisor to ISIDA (Kyiv, Ukraine) and its shareholders on the sale of a controlling stake in ISIDA to Advent International, one of the largest global private equity firms operating in Ukraine.

Asters' months-long support of the transaction covered such stages as conducting negotiations with the buyer, advising on the transacton structuring, preparing necessary documentation, assuring all transactional obligations are met, obtaining the merger clearances, and coordinating the closing procedures.

The new shareholder configuration and investment will boost ISIDA as a leading healthcare and medical services provider in Ukraine. Backed by Advent's investment, know-how and access to market intelligence, ISIDA will be able to expand its best-in-class care facilities and provide high quality services to more clients in Kyiv and other regions of Ukraine.

Asters' project team included partner Vadym Samoilenko, associates Oles Kvyat and Anna Dzibiy. The antitrust filing with the Antimonopoly Committee of Ukraine was handled by partner Igor Svechkar and associate Tetyana Buchko.

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Asters is a full-service independent national law firm with a leading position in Ukraine rendering both a full range of standard legal services and custom-tailored innovative solutions. Asters is the exclusive winner of the overall ILO Client Choice Award for Ukraine in 2010. Asters has been specifically recognized in the areas of M&A and Antitrust & Competition, being Highly recommended in M&A by PLC Which Lawyer? 2010 and No. 1 Law Firm in Ukraine in Antitrust according to Ukrainian Law Firms 2010.

Founded in 1994, ISIDA is one of Ukraine's cutting edge medical treatment and healthcare facilities providing a full range of premium gynecological, maternity and pediatric care services, as well as infertility treatment and genetic research all under one roof. As of today, more than 4,500 babies were delivered at the clinic.

Founded in 1984, Advent International is one of the world's leading global buyout firms, with offices in 17 countries on four continents. It focuses on international buyouts of middle market growth companies, strategic restructuring opportunities and growth buyouts in five core sectors. Advent International has been investing in the healthcare sector for over 26 years and has invested in more than 30 healthcare companies worldwide across a broad range of sub-sectors, including pharmaceuticals, healthcare services and medical devices.

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