KIAP lawyers closed the deal of selling the Banki.ru portal

12.11.2020
KIAP lawyers closed the deal of selling the Banki.ru portal
Photo: © Banki.ru

KIAP’s Corporate and M&A practice team supported the sale by the Banki.ru’s founders of their share in the company. The portal was founded by Philip Ilin-Adaev, his brother Kirill Ilin-Adaev and his spouse Elena Ischeeva, who owned 60% of the business. Another 40% of Banki.ru belongs to the Russia Partners fund. The buyer of the founders' share appeared the Elbrus Capital investment fund in a consortium with another investment fund.

The deal was complicated by tensions between the founders - on the one hand, and the Russia Partners fund, which required the signing a number of additional documents. In his Facebook message about the sale of the business, Philip Ilin-Adaev expressed gratitude to the corporate team of KIAP, the Elbrus Capital fund, and their legal consultant, the Dentons law firm, who “fought for almost a year to rescue [the founders] from captivity.”

Banki.ru is the largest independent financial portal on the Runet, which includes a financial supermarket, an information agency, analytical and rating centers, thematic forums, and interactive services. The monthly audience of Banki.ru exceeds 8 million unique users. The portal was founded in 2005.

At KIAP, on the deal worked: partner Anton Samokhvalov and senior lawyers Ekaterina Spakhova and Roman Suslov.

The KIAP team congratulates the parties of the transaction on the successful closure and expresses gratitude to Philip Ilin-Adaev, Kirill Ilin-Adaev, and Elena Ischeeva for the successful cooperation.


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Corporate and M&A

KIAP Corporate practice provides full range of legal services in the area of corporate law and M&A, specializes in corporate structuring and maintenance of M&A transactions, advises on the development of operational structures for businesses, ownership and management structures by the group of companies, to name but three. The practice is headed by Partner Anton Samokhvalov, who has considerable experience in advising companies from various industries. Recommended by international legal rankings Legal 500 EMEA 2020 (Commercial, corporate and M&A: Moscow), Chambers Europe 2019 and Best Lawyers 2021 (Corporate Law, Mergers and Acquisitions Law). The clients of the practice are the largest Russian and international trading and manufacturing companies, multinational corporations and oil service groups. The practice is recommended by international legal ratings Chambers Europe 2020, Legal 500 EMEA 2020, IFLR1000, Pravo-300 and “Kommersant” rating.


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