Mergers & Acquisitions in Russia

Experience

  • Joint Ventures

    • Alibaba in the joint venture of its AliExpress business in Russia with the Russian Direct Investment Fund, MegaFon and Mail.ru, aimed at integrating Russia’s key consumer internet and e-commerce platforms.
    • Titan Group in its establishment of a joint venture with Sibur and Gazprom Neft on the basis of the Omsk Polypropylene Plant (Poliom).
    • Sberbank in its transaction with BNP Paribas Personal Finance whereby Sberbank is transferring its car loan business, generated through partnerships with auto manufacturers and car dealers, to Cetelem Bank, the joint banking venture owned by Sberbank and BNP Paribas Group.
    • Sberbank in the acquisition of 70% stake in Cetelem Bank and formation of a joint venture with BNP Paribas Personal Finance.
    • Ingenico in the purchase of its main distributor in Russia and CIS.
    • Polyus Gold in the $635.5 million sale of its shares to Chengdong Investment Corporation and VTB Bank.
    • Sukhoi Civil Aircraft Company in its joint venture with Alenia Aeronatica (a division of Finmeccanica) for the manufacture of the Sukhoi Superjet 100.
    • Pirelli & C. in a €250 million joint venture with Russian Technologies to build a tire production plant in Samara.
    • Mitsui in its $240 million joint venture with EVRAZ Group to develop the Denisovskoye coal deposit.
    • NLMK in obtaining EU merger control approval for its $1.6 billion joint venture with Duferco to acquire steel assets in Europe and the U.S.
    • Meridian Capital CIS Fund in its joint venture investment with PIK Group to develop certain commercial real estate in Moscow.
    • KrasAir in its joint venture with Altima Fund and EBRD to establish Sky Express, a low-cost airline.
    • DaimlerChrysler in the establishment of a joint venture for the assembly of DaimlerChrysler motor vehicles in the Kaliningrad Special Economic Zone.
  • Mergers And Acquisitions

    • Polyus Gold International in its sale of up to a $1.4 billion stake in PJSC Polyus to Fosun International.
    • Polyus Gold International in its sale of a minority stake in PJSC Polyus to Russian Direct Investment Fund.
    • Universal Cargo Logistics Holding (UCL Holding) in a division of the shipbuilding and shipping business of Volgo-Balt Transport Holding (VBTH) with its minority shareholders, whereby the river cruise business of VBTH (Vodokhod Group) was taken over by the minority shareholders and UCL Holding consolidated 100% of VBTH, which has retained control of all of the shipbuilding and water cargo transportation assets.
    • One of the leading oil and gas field service contractors in Russia and the CIS in its acquisition of a Kazakhstan oilfield services business from one of the largest global oilfield services corporations.
    • Shareholders of the International Center for Financial and Economic Development (MCFER) in the buyout of Wolters Kluwer’s stake in a joint publishing business in Russia and other CIS countries, followed by the sale of the consolidated business of MCFER to a major Russian publishing house (including advice on a pre-sale repatriation of the Russian business from foreign jurisdictions back to Russia).
    • A Russian investment company in the restructuring of its group consisting of investment, management and development companies (including antitrust filings with the FAS of Russia).
    • Zurich Insurance in the sale of Zurich Russia's general insurance business to Olma, and restructuring of its Russian global corporate business.
    • Freight One in the acquisition of a rail transport operator from Severstal.
    • Schneider Electric in its acquisition of a 50% interest in Russian ZAO Group of Companies Electroshield – TM Samara.
    • The Special Committee of the Board of Directors of Mobile TeleSystems in the RUB 5.09 billion acquisition by Mobile TeleSystems of a 25.095% stake in MTS Bank.
    • Interros in the sale of its stake in the logistics companies in the Sheremetyevo Moscow airport in favor of infrastructure fund TPS AVIA Holding.
    • Otkritie Financial in matters related to a tender offer by NomGDR Limited for the outstanding global depositary receipts of NOMOS-BANK.
    • Universal Cargo Logistics Holding in its $4.2 billion acquisition of Freight One and the related $3.75 billion financing provided by a syndicate of banks.
    • Inter RAO in the sale of its 26.43% share in Enel OGK-5 to a consortium of investors consisting of Xenon Capital Partners’ Rusenergo Fund, the Russian Direct Investment Fund, AGC Equity Partners and the Macquarie Renaissance Infrastructure Fund.
    • Russian Trading System Stock Exchange in its $1.1 billion merger with MICEX Group.
    • American International Group in regulatory matters related to the sale of AIG Bank Finance to Banque PSA Finance.
    • Polyus Gold International in the $11 billion combination of KazakhGold Group Limited with Polyus Gold.
    • Uralkali in its $8.1 billion merger with Silvinit.
    • Inter RAO UES in consolidating its assets (combined value in excess of $12.9 billion) through a series of M&A transactions and closed subscription for shares in Inter RAO UES.
    • The selling shareholder in the sale of 100% of Oilpump Service to Baker Hughes.
    • I.I.H.C. Industrial Investments Limited and its affiliates in the sale of its interests in Friede Goldman United, Ltd. to China Communications Construction Limited.
    • Prometheus Capital in its acquisition of pet product retail chains Beethoven and ZooBoom.
    • Fletcher Industrial Equity Fund in its acquisition of a Russian and international network of river and sea fleet companies, including North-West Transport Holding, Volgo-Balt Transport Holding.
    • Chelyabinsky Tube-Rolling Plant in its sale of the Chelyabinsky Zinc Plant to a consortium of independent investors, including Ural Mining and Metallurgy Company and Russian Copper Company.
    • Polyus Gold in its acquisition of 50.1% of Kazakhgold Group.
    • Inter RAO in its acquisition of a business centre in Moscow from Horus Capital.
    • RAO UES in the $49 billion spin-off of its power-generating assets to its shareholders.
    • Norilsk Nickel in strategic advice relating to its $13.1 billion sale of a 25% interest in its company to UC RUSAL.
    • Norilsk Nickel in its $2.7 billion spin-off of its power-generating assets and the creation of the largest independent power company in Russia.
    • Kausar Oil and Gas in its acquisition of controlling stakes in three Russian companies.
    • Norilsk Nickel in its $4.5 billion tender offer for all of the shares of OGK-3 that it did not already own.
    • Arcelor in the $32 billion acquisition by Mittal Steel.
    • Novolipetsk Steel in its $500 million acquisition of VIZ-Stal, a leading producer of electrical steel.
    • Chelyabinsk Tube Rolling Plant group in its acquisition of MSA, a Czech producer of tube bolts and bolt clocks.
    • NLMK in its $750 million acquisition of a controlling interest in Altai Koks and Prokopievsk Ugol.
    • Polyus Gold in its $2 billion sale of a 20% interest in Gold Fields Limited.
    • NLMK in its sale of its 92% stake in Kombinat KMAruda, an iron-ore producing company, to Russian company Koks and Cyprus company Lesser Enterprises Limited.
    • Polyus Gold in its $285 million purchase of three gold mining companies from IG Alrosa.
    • Norilsk Nickel in its reorganization in the form of a spin-off of gold assets into a new public company OJSC Polyus Gold and the subsequent listing of OJSC Polyus Gold on the London Stock Exchange.
    • Shareholders of the Multon Group, the number two juice maker in Russia, in the $500 million sale of the business to The Coca-Cola Company and Coca-Cola Hellenic Bottlers.
    • NLMK in its acquisition of controlling stakes in St. Petersburg Sea Port and 15 stevedoring and service companies, Stoilensky Ore Mining and Processing Plant, Tuapse Commercial Sea Port and Tuapse Ship Repair Yard, Dansteel AS and KME Ore.
    • NLMK in its acquisition of the Tuapse Commercial Sea Port and Tuapse Ship Repair Yard.
    • Interros in an agreement with Millhouse and UC RUSAL on settlement of the shareholders’ conflict, corporate governance and sale of shares in MMC Norilsk Nickel.
    • Novolipetsk Steel Group in its acquisition of KMA Ore; its acquisition of a 50% shareholding in Ust-Lug container terminal; and its $2 billion acquisition of a controlling stake in Maxi Group.
    • The principal shareholders in the sale of a controlling interest in Karo Film Group to a consortium of private equity investors.
    • LLC Independent Transportation Company in relation with the purchase of 25% + 1 share of JSC The Freight One.