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Sayenko Kharenko Advises VR Capital on Acquisition of Stake in Ukrainian Solar Park Projects

Sayenko Kharenko Advises VR Capital on Acquisition of Stake in Ukrainian Solar Park Projects


Sayenko Kharenko has advised VR Capital on the acquisition of 50% of shares in Nicken Holdings LTD from Investment Capital Ukraine. Avellum reportedly provided transactional support to Investment Capital Ukraine on the sale.

Nicken Holdings is the owner of 11 Ukrainian project companies developing 11 solar power plants with an aggregate capacity of approximately 127 megawatts in the Mykolaiv region of the southern half of Ukraine.

VR Capital is an alternative asset manager focused on distressed securities and event-driven and special situations investments oriented towards emerging markets, including Ukraine.

Investment Capital Ukraine is an asset management, private equity, and investment advisory firm specializing in the emerging markets of Central and Eastern Europe.

Sayenko Kharenko’s team included Partner Oleksandr Nikolaichyk and Maksym Nazarenko, Counsel Igor Lozenko, Senior Associate Mykhailo Grynyshyn and Tymur Enkhbaiar, Associates Oksana Daskaliuk, Dasha Dashkevych, Igor Pomaz, and Tetiana Dyvak, and Junior Associates Sviatoslav Kozak and Zarina Khalimon.

Editor's Note: After this article was published Avellum announced that its team was led by Partner Yuriy Nechayev, supported by Counsel Maksym Maksymenko and Associates Dmytro Symbiryov, Daryna Mykhailenko, and Vladyslav Aleksandrov. 

Avellum advised on the transaction and on financing for the deal.  

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com


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