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Akin Gump and Skadden Advise on Horvik's GBP 108 Million Takeover of Trans-Siberian Gold

Akin Gump and Skadden Advise on Horvik's GBP 108 Million Takeover of Trans-Siberian Gold

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Akin Gump has advised Trans-Siberian Gold PLC – the operator of the Asacha gold mine in Kamchatka, Russia – on the process of its GBP 108 million takeover by Horvik Ltd. The buyer was advised by Skadden, Arps, Slate, Meagher & Flom.

Horvik has agreed to buy a 51.2% stake in Trans-Siberian, in two stages, from a group of existing shareholders including private equity firm UFG Asset Management. Horvik has already acquired the first tranche, which represents 24.7% of Trans-Siberian’s shares. The second tranche is conditional on the approval of the Russian Federal Antimonopoly Service and, once received, Horvik will be required to make an offer to the remaining shareholders of Trans-Siberian for their shares on the same terms.

The Akin Gump team was led by Partner Harry Keegan and included Partners Sebastian Rice and Svetlana Volevich, and Associate George O'Malley.

The Skadden team was led by Partners Scott Hopkins and Dmitri Kovalenko and Counsel Adam Howard and included Partner Alex Jupp, Counsel Louise Batty, Associates Craig Kelly, James Michelson, Sergey Chapaev and Jake Foster, and Trainee Kathryn Gamble. On the financing side, the team was led by Partner Clive Wells and included Partner Johannes Kremer, Associates Brendan Macreadie, Alexander Halms, and Ulrike Schuster, and Trainee Cameron Russell.

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Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We handle some of the largest and most complex and demanding transactions. We advise our clients in many areas of law, including: dispute resolution in Russia and abroad, International Arbitration and Litigation, M&A and Corporate, antitrust issues, criminal law, intellectual property, restructurings and insolvencies, international trade and customs, tax, real estate and construction, banking and finance, energy and natural resources, environmental and technical regulation, marine and transport law, pharmaceuticals and healthcare and others.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys, providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru


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