Sayenko Kharenko acted as lead counsel on English law to CM Financial Group on the acquisition of the controlling interest in Central Markets group of companies (the “CM Group”).
CM Group is authorised and regulated by the Financial Conduct Authority (the “FCA”). CM Financial Group will have an option to acquire the balance of the shares in the CM Group from the CM Group’s founding shareholders if and when the parties agree to do so. The acquisition is aimed to expand the line of investment products offered by CM Financial Group and allow it to provide investment advisory services to its clients in its own name.
Sayenko Kharenko provided full transactional support, including structuring of the transaction, preparation and negotiation of transactional documents, preparation of all necessary documentation on the regulatory issues, assistance with execution and the financing of the acquisition as well as preparation of the application to the FCA for change of control and providing answers to additional enquiries of the FCA.
Sayenko Kharenko’s team for the current transaction included counsel Alina Plyushch, associates Dmitriy Riabikin and Vasyl Liutyi, and was led by partner Andrei Liakhov.