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Sorainen Helps EBRD Exit from Large Belarusian Children’s Goods Retail Chain

Sorainen Helps EBRD Exit from Large Belarusian Children’s Goods Retail Chain

Belarus
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Sorainen Belarus has assisted the EBRD with the sale of its share in Commercial and Industrial Group West-Ost Union,CDRL S.A. and to the company's current CEO and shareholder, Siarhei Misiachenka.

Commercial and Industrial Group West-Ost Union owns a children’s goods retail chain operating under the “Buslik” trademark. According to Sorainen, "the retail chain started operations in 2006 and now holds the leading position in the retail segment of goods for children with 46 stores located in 20 towns across Belarus. According to published data, the annual revenue of the Buslik chain is estimated at over USD 65 million with EBITDA exceeding USD 2 million."

CDRL S.A. is a Polish public company listed on the Warsaw Stock Exchange and engaged in the design, manufacture, and distribution of clothes. According to Sorainen, "the company owns the Coccodrillo brand and is represented in multiple countries around the world. CDRL is also known for its previous cooperation with the Buslik chain in Belarusian children’s goods retail."

The Sorainen team consisted of Belarus Managing Partner Kiryl Apanasevich, Senior Associate Viktoryia Mikhnevich, and Associate Aliaksei Vashkevich.

Back in 2009, Sorainen Belarus also advised the EBRD on its initial equity and debt investments in Buslik.

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