Avellum has advised Investment Capital Ukraine, ICU, on the sale of its stake in several alternative energy projects in Ukraine it jointly developed with the VR Capital Group to its JV partner.
The transaction involved the Kamianets-Podilskа solar power plant in the Khmelnytskyi region of Ukraine with a capacity of 64 MW, the Solar Capital plant in the Kherson region with a capacity of 35 MW, and several power plants in the Mykolaiv region with a total capacity of 127 MW.
ICU is an independent asset management, private equity, and investment advisory firm specializing in the emerging markets of Central and Eastern Europe. The VR Capital Group is an alternative asset manager with assets under management in excess of USD 4.5 billion. Its principal offices are in London and New York, and its advisory affiliates are regulated by the U.S. SEC and the U.K. FCA.
The Avellum team was led by Partner Yuriy Nechayev and included Associates Dmytro Symbiryov and Maryna Buinytska.
