Practice
Archive
Redcliffe Partners advised EBRD and NEFCO on the largest renewables project financing in Ukraine
14 February 2019

Redcliffe acted as a Ukrainian legal adviser to the Lenders and J.P. Morgan Securities Plc as debt coordinator in connection with a EUR 155 million secured term loan to be provided to Ukrainian project company SyvashEnergoProm to fund the construction of the first phase of a 250 MW wind power plant near Syvash Lake, in the Kherson Region of Ukraine. The signing ceremony occurred at the World Economic Forum in Davos in the presence of the President of Ukraine, Mr. Poroshenko.

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Redcliffe Partners won the ICAC arbitration based on a rare type of arbitration agreement
12 February 2019

Redcliffe Partners has successfully represented the counterclaimant, a Ukrainian subsidiary of a major multinational electronics producer, against the Turkish claimant (respondent to the counterclaim) in a commercial arbitration under the rules of the ICAC at the UCCI. The Turkish claimant brought the original claim for termination of the parent company’s guarantee. The counterclaim was based on an arbitration agreement concluded by exchange of the statement of claim and statement of defence.

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Redcliffe Partners advised CVC on obtaining merger clearance in Ukraine
04 February 2019

Redcliffe Partners advised CVC on obtaining merger clearance from the Ukrainian competition authority for its acquisition of Recordati S.p.A. (Recordati). The deal is valued at approximately EUR 3 billion. Through its expertise and global healthcare network CVC will expand Recordati’s rare disease business and accelerate its growth strategy as a leading global company in the pharmaceutical industry.

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Redcliffe Partners advised Straco BVBA on the acquisition of the Ukrainian mycoculture division of Greenyard NV
21 December 2018

Redcliffe Partners acted as Ukrainian legal counsel to Straco BVBA (Belgium) in relation to the acquisition of the Ukrainian subsidiaries of Greenyard NV (Belgium) engaged in the mycoculture business. The Belgium office of Clifford Chance acted as global counsel to the purchaser. 

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Redcliffe Partners advises EBRD on Renewable Energy Project Financing to I&U Group
14 December 2018

Redcliffe Partners acted as a legal counsel to EBRD in connection with a EUR15 million senior secured long-term loan to I&U Group, a vertically integrated agricultural holding company with sugar production and crop farming businesses in Ukraine. The financing package consists of a EUR13 million loan to be provided by the EBRD, and a EUR2 million concessional loan provided by the Clean Technology Fund.

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Redcliffe Partners advised Ferrexpo Plc. on US$400 million pre-export finance facility
08 November 2018

Redcliffe Partners acted as Ukrainian legal counsel to Ferrexpo plc., a leading European producer of iron ore pellets, in connection with a US$400 million four-year committed revolving pre-export finance facility (the “2018 PXF”). The 2018 PXF combines the extension of debt maturity profile for existing money under the 2017 PXF and the raising of new money, which permitted an increase in the total facility amount to $400 million. 

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Redcliffe Partners advised SALIC in connection with the Mriya Group acquisition
16 October 2018

Redcliffe Partners acted as a legal counsel to the Saudi Agricultural & Livestock Investment Company (SALIC) in acquiring the assets of Mriya Agro Holding. This is one of the most anticipated and complex transactions in the Ukrainian agribusiness sector to date.

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Redcliffe Partners advises Deutsche Bank, ING, Natixis and UniCredit on the restructuring of over US$1 billion Metinvest debt
11 October 2018

Redcliffe Partners has recently advised Deutsche Bank AG, UniCredit, Natixis and ING (being the coordinated mandated lead arrangers for the pre-export finance creditors) in relation to the restructuring of more than than US$1 billion of Metinvest B.V debt. In combination with the issuance of US$1.592 billion new bonds by Metinvest B.V., this is the largest ever refinancing of a Ukrainian corporate group.

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Redcliffe Partners advises EBRD on risk sharing arrangements with Raiffeisen Bank Aval
10 October 2018

Redcliffe Partners acted as a legal counsel to EBRD in relation to the unfunded risk participation agreement with Raiffeisen Bank Aval of a total value of EUR20 million. By means of the risk sharing arrangement EBRD and Raiffeisen Bank Aval will share credit risk in certain loans to be provided by Raiffeisen Bank Aval to its clients.

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Redcliffe Partners advises EBRD on risk sharing arrangements with Ukrsibbank
06 February 2018

Redcliffe Partners acted as a legal counsel to EBRD in relation to the unfunded risk participation agreements with Ukrsibbank of a total value of up to USD50 million. The risk sharing arrangement will allow Ukrsibbank to share with EBRD the risks of non-performance of the Ukrsibbank borrowers. The EBRD's risk sharing programme is aimed at restarting lending in Ukraine, as well as supporting sound lending practices.

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