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Marchenko Partners Advises WNISEF on Loans to Smachni Spravy and Pizza Veterano

Marchenko Partners Advises WNISEF on Loans to Smachni Spravy and Pizza Veterano

Ukraine
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Marchenko Partners has advised Western NIS Enterprise Fund on its provision of unspecified loans to Smachni Spravy and Pizza Veterano Kyiv.

The Western NIS Enterprise Fund is a USD 150 million regional fund that invests in small and medium-sized companies in Ukraine and Moldova. Since its inception, WNISEF’s cumulative investments, made to 130 companies employing around 26,000 people, total over USD 186 million.

Smachni Spravy is a manufacturer of meat products that employs persons displaced from Eastern Ukraine by military actions. The company is based in Brovary, in the Kyiv Region of Ukraine.

Pizza Veterano is a social entrepreneurship venture that helps ex-combatants of the war in eastern Ukraine adjust to normal life. According to Marchenko Partners, “ten percent of Pizza Veterano’s profit goes toward supporting Anti-Terrorist Operation combatants and their families.”

Including this transaction, Marchenko Partners has so far assisted the fund with the provision of 25 loans as a part of its Affordable Loans for Social Enterprises in Eastern Ukraine project. One of the most recent transactions was WNISF’s loan to the Printing House in Kramatorsk, Ukraine (as reported by CEE Legal Matters on March 30, 2021). The loan program was initiated in 2016 by WNISEF in partnership with Oschadbank and Kredobank. According to the firm, “it allows social enterprises (businesses that implement social or environmental programs or resolve certain social issues) to get access to hryvnia-denominated low-interest loans.”

Marchenko Partners’ team included Partner Roman Shulyar, Senior Associate Bogdan Burlaka, and Associate Oleksandr Poznyakov.

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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