Sayenko Kharenko secures Ukrainian merger clearance for Advent International for the acquisition of the Distributed Power business from GE for $3.25 billion

The Sayenko Kharenko antitrust team has acted as legal counsel to Advent International on its acquisition of the Distributed Power business from GE and obtained all the necessary approvals of the Antimonopoly Committee of Ukraine.

The transaction included Distributed Power’s Jenbacher and Waukesha engines, as well as manufacturing sites in Austria, Canada and the US.

Advent International is one of the largest and most experienced global private equity investors.

Distributed Power, a business unit of GE Power, is a leading provider of reciprocating gas engines, power equipment and services focused on power generation and gas compression at or near the point of use. With approximately 3,000 employees and three main facilities, Distributed Power has delivered more than 48,000 Jenbacher and Waukesha reciprocating gas engines to customers around the world.

The Sayenko Kharenko antitrust team advising on the project included counsel Valentyna Hvozd and associate Igor Pomaz, and was led by partner Volodymyr Sayenko.