InVenture was a M&A advisor to the commercial and industrial group Fozzy Group on the acquisition of the “Orshevskaya” agricultural company in the Chernivtsi region, a part of the Svarog West Group agricultural holding. Agricultural company “Orshevskaya LLC” is engaged in crop production, its assets include more than 4,500 hectares of leased agricultural land, a complex of agricultural machinery, a grain elevator for one-time storage of 6,000 tons and related real estate.
In August 2020, the Antimonopoly Committee of Ukraine (AMCU) considered the issue of allowing the investment fund PJSC Closed Non-Diversified Venture Corporate Investment Fund Holding Invest (Kyiv) to concentrate in the form of acquiring a stake in the authorized capital of LLC Agrofirma Orshevskaya (Chernivtsi region), which will ensure the excess of 50% of the votes in the supreme management body of the company.
InVenture partners Alexey Oleinikov and Yuri Bochkur-Krasnyansky, who accompanied the deal, noted: “The deal was not the easiest, because the process of its preparation fell on the period of the active phase of the spread of the coronavirus pandemic and the introduction of severe restrictions. However, thanks to the joint efforts of the parties and consultants, the deal was brought to its logical conclusion. We are glad that our client, the Fozzy Group company, has replenished with another high-quality agricultural asset, which will help strengthen the company’s position in the Ukrainian agricultural market.”
Fozzy-Agro COO Alexander Shulga said: “We know and respect InVenture as a reliable partner and the best professional in M&A transactions in agribusiness. For more than 3 years we have been successfully cooperating with them on our land bank expansion program and have always received high-quality and relevant offers for potential transactions. To date, together with InVenture, we have already closed several deals for the purchase of agricultural companies in Ukraine. We are grateful to InVenture partners for high-quality transaction support with always positive results!”