The "management buy-out" transaction has become a popular form of foreign investors’ exit from Russian corporations. The peculiarity of such transaction is that management is used to seeing itself as hired officials who know the business perfectly well but do not fully understand risks and problems they may face in their new legal role of business owners.
The project team accompanied the client on all key issues of the transaction, including the following:
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advising on the specifics of the transaction structure, taking into account countersanctions restrictions;
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preparation of transaction documents;
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drafting an agreement with an external institutional investor that financed the transaction;
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preparation of documents for obtaining regulatory approvals from state authorities;
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advising on securing the interests of key employees after a change of control over business.
Support of the MBO and investment raising transactions by KIAP enabled the group to continue its operations while retaining the investment plans and expertise of key employees.
Participants:
Anton Samokhvalov, Roman Suslov, Nikita Lutskiy, Alexander Varchuk