Avellum has advised both Q Partners and UPD Holdings Limited on obtaining merger control clearance for the former’s acquisition of a 55% stake in the latter, before the Antimonopoly Committee of Ukraine.
According to Avellum, the acquisition was performed via Ethelbert Trading Limited, a company owned by Q Partners’ owner, Andriy Ivanov. “Final settlements between the parties are expected by mid-2026. At the same time, UDP development company will continue to work on ongoing projects,” according to the firm
UDP was founded in 2002 by Andriy Ivanov and Vasyl Khmelnytsky. Since then, according to Avellum, “the company has launched over 20 residential and commercial real estate projects, including the revitalization of the territory of the former Arsenal Factory, Kyiv International Airport (Zhuliany), UNIT.City and LvivTech.City parks, as well as multifunctional complexes Novopecherski Lypky Residential Complex, Park City Residential Complex, RiverStone Residential Complex, White Lines, and others.”
Q Partners, also founded by Andriy Ivanov, invests in high growth potential businesses for further development and subsequent sale to strategic investors.
Avellum’s team included Partner Mykyta Nota, Senior Associate Anton Arkhypov, and Associate Yelyzaveta Kashyna.