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26 March 2021

Sayenko Kharenko advises Horizon Capital on the sale of its minority stake in Dobrobut

Sayenko Kharenko acts as a legal counsel to Horizon Capital with respect to sale by its fund Emerging Europe Growth Fund III, LP (“EEGF III”) of the minority stake in Dobrobut (the “Company”), the leading private healthcare provider in Ukraine. The stake has been sold to the existing shareholders of Dobrobut, Mr. Oleg Kalashnikov and the investment company ‘Concorde Capital’.

Sayenko Kharenko’s team provided legal support for the seller during the negotiations, signing and implementation of the transaction, including preparing and negotiating transaction documents and supporting the closing of the transaction.

Partner Alina Plyushch comments: “For us this project started in 2019, when Sayenko Kharenko acted as legal advisor to Horizon Capital in relation to acquisition of a minority stake in Dobrobut. Now we have ensured successful closing of this transaction, which is a landmark project for Ukrainian private medical services market. I am convinced that it is hard to overestimate the importance of investing in medical sector today, when Ukraine is struggling with a pandemic”.

Horizon Capital is one of the leading private equity firms in Emerging Europe. Horizon Capital is backed by over 40 institutional investors with a capital base of over USD 350 billion, managing four funds with assets under management of over USD 850 million and a tenure of 25 years in the region.

Since launching in June 2017, EEGF III, former Dobrobut shareholder, has backed 12 investments alongside visionary entrepreneurs. Among investment targets of the fund are: Creatio, a global software company that provides a leading low-code platform for business process management and CRM; Liki 24, an e-commerce platform for medicine delivery; Makeup Group, a fast-growing European e-commerce leader in the beauty segment; Ajax Systems, a leading smart security systems manufacturer; Genesis, global IT product company; Intellias, a fast-growing large IT services company, and other exciting deals.

Sayenko Kharenko’s corporate and M&A practice team working on the project was managed by senior associate Dmitriy Riabikin, supported by associate Yaroslava Chernyshchuk under general supervision of partner Alina Plyushch.

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