AVELLUM wins 2023 Ukrainian Deal of the Year

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AVELLUM wins 2023 Ukrainian Deal of the Year

We are proud to announce that AVELLUM was awarded the Ukrainian Deal of the Year at the prestigious CEE Legal Matters Deals of the Year Awards Banquet, which was held in Warsaw on 25 April 2024.

AVELUM was recognised for its work on DFC, IFC, and EBRD’s USD480 million financing for MHP. Senior partner Glib Bondar led the AVELLUM team with significant support from of-counsel Yuriy Krasnoliudskyi, senior associate Mariana Veremchuk, associates Yaroslav Pavliuk and Andrii Kroshko. Partners Vadim Medvedev and Anton Zaderyholova, along with associate Taisiia Duda, provided support on tax matters related to the transaction.

AVELLUM acted as Ukrainian legal counsel to MHP, a leading Ukrainian agriculture company, in connection with a collaboratively organised financial package totalling USD480 million from the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) of the World Bank Group, and the U.S. International Development Finance Corporation (DFC).

The agreement significantly contributed to the development of Ukraine’s agribusiness sector. MHP’s Eurobonds were refinanced due to limited access to capital markets during the ongoing Russian war against Ukraine. This funding ensured stability for MHP and supported its operations, supply chains, and job creation during economic challenges.

Senior partner Glib Bondar remarked: “We are honoured to have this deal acknowledged by the CEE Deal of the Year Awards. Working on this project supported growth opportunities for MHP and contributed to the stability of agribusiness sectors, ultimately securing Ukraine’s economy.”

The annual CEE Deal of the Year Awards are the most prestigious peer-selected awards for the legal industry in Central and Eastern Europe, recognising the most significant deals in the region.

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