AVELLUM acted as the legal counsel to Dobrobut, the leading private healthcare services provider in Ukraine, and its shareholders on the disposal of a minority stake in Dobrobut to Horizon Capital.
AVELLUM advised Dobrobut on various aspects of the deal structuring and negotiated the transaction documents, as well as coordinated completion of the entire transaction.
AVELLUM’s partner Yuriy Nechayev commented on this transaction:
“We are delighted that our new client, Dobrobut, has chosen and relied on AVELLUM during the negotiation of this transaction. The synergy between the AVELLUM team and the Dobrobut team greatly contributed to the smooth completion of the deal. Once again, AVELLUM proves to be a top choice for many clients, who appreciate our deep expertise in M&A, tax and structuring, as well as our ability to quickly adapt and provide unconventional solutions in a fast-paced environment.”
Oleg Kalashnikov, CEO of Dobrobut, said:
“We are extremely grateful to all parties involved in the process for their professionalism. Professionalism is definitely the cornerstone of our business. As a result of this transaction, Dobrobut will provide even more types of high-quality healthcare services. Opening of new clinics will allow us to become closer to our patients, while the provision of unique services will let us master new skills. The support of our reliable partners will allow the fulfilment of Dobrobut’s most ambitious plans, aimed at the improvement of people’s health.”
Inna Koval, a legal counsel of Oleg Kalashnikov, who generally managed the transaction from Dobrobut side, said:
“This transaction is a good sign for the Ukrainian economy in general and the Ukrainian healthcare industry in particular. Readiness of the reputable private equity fund and investors to enter such a sophisticated business signifies Ukraine’s huge potential for growth. We are convinced that this deal will bring most fruitful results to our customers, who are the primary stakeholders in Dobrobut business.
We are grateful to AVELLUM for helping us to negotiate and resolve complex legal matters during structuring and implementation of this deal.”
Dobrobut is a network of clinics and medical institutions in Kyiv and Kyiv region, offering high quality, essential services to patients in Ukraine. As one of the most innovative players in the industry, Dobrobut continuously invests in digitalisation of business processes, including mobile platform that allows patients to plan and pay for their visits online.
Horizon Capital is the leading private equity firm in Ukraine, backed by over 40 institutional investors in four funds. Led by Founding Partners Lenna Koszarny and Jeffrey C. Neal and Senior Partner Denis Tafintsev, the firm manages over USD850 million in assets from investors with a capital base exceeding USD350 billion. Its Ukraine-focused funds have invested over USD650 million in 140 companies employing over 46,000 people in Ukraine and the near region. Horizon Capital is a value-added investor, backing visionary entrepreneurs leading transformational businesses in Ukraine and the near region.
The AVELLUM team was led by partner Yuriy Nechayev with support from associates Anton Arkhypov, Dmytro Symbiryov, Uliana Lutchyn, Maryna Buinytska, and Alina Zagatska. Partner Vadim Medvedev and associates Dmytro Tkachuk, Anton Zaderyholova and Oleksandr Kulykovskyi advised on tax and structuring matters.
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