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

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

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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.