24
Sat, Jun
69 New Articles

Revera Supports 21vek.by on Investment by Zubr Capital Fund

Revera Supports 21vek.by on Investment by Zubr Capital Fund

Belarus
Typography

Revera, in Belarus, has advised 21vek.by onan investment it received on March 31, 2017, from Zubr Capital Fund in a transaction structured under Belarusian and English law.

According to Revera, "under the terms of the transaction, Zubr Capital received the blocking stake, [with] the controlling stake ... belonging to 21vek.by. The deal will allow the online-hypermarket to accelerate the growth in the Belarusian market and extend beyond its bounds. The target of 21vek.by for the next five years is to increase [its] revenue three times." The specific financial terms were not disclosed, though they were reported by Revera at being between EUR 3-7 million, "which is standard for the fund."

Revera reports that "Zubr Capital Fund invests in Belarusian companies with a high export potential."

The firm's team was led by Associate Partner Helen Mourashko, and the project team consisted of Attorney Ekaterina Pedo and Associate Dmitry Gerasimov.

Our Latest Issue