Asters acted as a legal counsel to Europe Virgin Fund L.P. ("EVF"), a regional private equity fund, in connection with its investment in VENBEST Group, a leading private security services market operator in Ukraine.
VENBEST Group is a leading Ukrainian private company providing security services for over 24 years and having over 25,000 objects guarded. The group’s client portfolio includes large private companies and public institutions, such as Kyivenergo, Privatbank, Oschadbank, Credit Agricole Bank, National Bank of Ukraine etc., and many private individuals.
EVF provides equity financing to selected private sector businesses with primary operations in Ukraine, Belarus and Moldova. EVF has committed capital from Dragon Capital, the European Bank for Reconstruction and Development, the Swiss Investment Fund for Emerging Markets, the Black Sea Trade and Development Bank and other limited partners. EVF’s portfolio includes controlling stakes in Ukraine’s largest manufacturer of tissue products VGP (TM Ruta), Ukraine’s leading out-of-home advertising operator Prime Group, one of the top 10 pharmaceutical manufacturers in Ukraine, Sperco, as well as the leading Ukrainian electronic payments service provider Portmone.
Asters' advisory role in the transaction included a full-blown due diligence of the target companies, structuring advice, drafting transaction documents, their negotiation with the sellers and assistance at the completion stage of the deal. Asters' project team included partner Yevgen Porada and associates Iryna Scherbyna and Andrii Zharikov.