Asters Advises L Capital Management on the Acquisition of Оne of the World’s Leading Yacht Company

August 21, 2008

Asters acted as legal counsel to L Capital Management, a French investment company controlled by LVMH Moet Hennessy Louis Vuitton, one of the world’s largest luxury groups, and Groupe Arnault, the investment vehicle of French billionaire Bernard Arnault, on the issues of Ukrainian merger control law, including obtaining clearance from the Antimonopoly Committee of Ukraine for the acquisition of control over The Renwick Group p.l.c., one of the leading yacht companies in the world. The deal is reportedly valued at about GBP 200 million.

The Renwick Group p.l.c. is a holding company for the group of companies which are active in the production and distribution of luxury motor boats under the "Princess" brand. Founded in 1965, the group now distributes boats all over the world.

Asters’ team working on the Ukrainian aspects of the deal included associates Tetyana Buchko and Olga Voronkova under the supervision of partner Igor Svechkar. Linklaters acted as international legal counsel to L Capital Management.

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Asters is a Kyiv-based Ukrainian law firm founded in 1995 as Shevchenko Didkovskiy & Partners. The firm is among the most recommended law firms for Ukraine according to reputable international legal directories The Legal 500, PLC Which Lawyer?, Chambers Global, IFLR 1000, and Ukraine's legal market research publications. A list of the firm's clients includes major international corporations, such as Beiersdorf AG, Coca-Cola, Damen Shipyards Group, News Corp., Nissan Motor, Nokia Corporation, Philip Morris, Telenor ASA, Toshiba Corporation, and the world's leading financial institutions Barclays Capital, Citibank, Deutsche Bank, Dresdner Kleinwort Wasserstein, EBRD, IFC, ING Bank, Standard Bank and Swedbank AB.