Kyiv. Clifford Chance has advised Vitmark-Ukraine on the sale of a minority stake in its business to a private equity fund, managed by Horizon Capital. The terms of the transaction have not been disclosed.

Vitmark-Ukraine is one of the largest Ukrainian producers of juices, nectars, juice beverages and baby food. Founded in 1994, it has greatly increased its share in the Ukrainian market up to 27.5%. The main production plant is Odessa Baby Food Cannery. Its main brands include well-known Jaffa, Aquarte, Nash Sik, Chudo Chado, and Sokovyta.

"We are delighted to have advised Vitmark-Ukraine on this transaction, and this sale hopefully reflects renewed investor interest in the Ukrainian market", said senior associate Dmytro Fedoruk who led the team advising Vitmark-Ukraine. The team also included associates Andriy Moskalyk and Nataliya Klyuk. English law aspects of the deal were handled by partner Nick Fletcher and senior associate Bruce Leishman.
"Clifford Chance advised us on all major aspects on the deal, and made its truly impressive input to the success of the deal'', commented Aleksey Lemeshchuk, Vitmark-Ukraine's general counsel.