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REVERA supports transaction between 21vek.by and Zubr Capital

6 April 2017

We pay compliments to our clients for the biggest transaction in the Belarusian e-commerce market!

Zubr Capital investment company made 3 to 7 mln USD worth direct investments into 21vek.by online hypermarket. REVERA provided full support for the deal – from coordination of basic terms to closing, and also assisted in preparing the term sheet and the basic documents for the deal (including shareholder’s agreement and non-competition agreement). The transaction has been structurized according to the Belarusian and the English law.

Helen Murashko acted as project manager, and Ekaterina Pedo and Dmitry Gerasimov were in the project team.

Pursuant to the transaction terms, Zubr Capital obtained the blocking shareholding, while 21vek.by preserved the controlling block of shares. The transaction will allow the online hypermarket to boost its growth in the Belarusian market and even to step out. 21vek.by’s goal for the next 5 years is to increase its sale proceeds 3 times.

Zubr Capital is the first company in Belarus to run direct investment funds. Zubr Capital invests in Belarusian companies with a high export potential.