Avellum Partners advised on the first Ukrainian IPO
Avellum Partners recently acted as the Ukrainian legal counsel to AvangardCo Investments Public Limited (Avangard) on its debut issue of GDRs on the main market of the London Stock Exchange. In the course of its IPO, Avangard raised approximately USD 208 million, placing 13,871,850 GDRs at USD 15 per GDR, which represent 21.7 % of its share capital.
Avangard is one of the leading agro-industrial companies in Ukraine, focusing on the production of shell eggs and egg products.
Troika Dialog acted as global coordinator, lead manager and bookrunner for this IPO with NCB Stockbrokers Limited acting as co-lead manager. Freshfields Bruckhaus Deringer acted as international transaction legal counsel, while Allen & Overy advised the lead managers.
The team of Avellum Partners was lead by its managing partner, Mykola Stetsenko, and also included associates Volodymyr Solohub, Iryna Nikolayevska, Yuriy Nechayev, Yelyzaveta Melnychenko, Vladyslav Golub, Katerina Melnikova and Mykyta Nota.