This edition, Avellum Partners break into the rankings to secure a spot in the fourth tier. The firm has been causing quite a stir in the Ukrainian market of late....
[more]
This edition, Avellum Partners break into the rankings to secure a spot in the fourth tier. The firm has been causing quite a stir in the Ukrainian market of late. It was formed by former Baker & McKenzie partners Mykola Stetsenko and Glib Bondar. Moreover, market commentary on Avellum is quite diverse. "Avellum is quite visible, they've done quite well. It will be interesting to see what happens in the long term," one partner says. "Avellum tried to create a company specialised in banking and finance. They took some clients," another partner says. Yet another partner says: "They are small but active. I would put them in tier two."
Whatever opinion one may hold of Avellum, it is clear that it is here to stay and it is attracting some high profile mandates. The firm advised Credit Suisse Securities Europe, Deutsche Bank London Branch, ING London Branch, Sberbank, RBS and VTB Capital on the establishment of the $1 billion GMTN Programme of Metinvest and the issue of $750 million 8.75% guaranteed notes due 2018 under this EMTN Programme.
[hide]
With bustling energy, Avellum Partners is blazing itself a trail in the market and the market is standing up to take notice. Nevertheless, commentators recognise that the firm's strength lies in banking and finance....
[more]
With bustling energy, Avellum Partners is blazing itself a trail in the market and the market is standing up to take notice. Nevertheless, commentators recognise that the firm's strength lies in banking and finance. "Avellum are active in banking but not so much M&A. But maybe they should probably move to tier three," one partner says. By contrast, another partner says: "Avellum is in tier four but they have a large workload in M&A. Their focus is on transactions and not day to day counselling. They should be in tier three but I have no complaints on quality. Avellum developed experience from Baker & McKenzie but they can be more flexible. So, they can compete with large international firms." "They do a lot of M&A work, we've seen them on a number of transactions. They've built it up quickly," yet another partner says.
Last year the firm advised a group of international investors in relation to the €53 million acquisition of an 84% stake in VAB Bank from TBIF Financial Services, an indirect subsidiary of Kardan. Furthermore, the firm also advised Renaissance Credit Group in regard to the sale of its Ukrainian operations to SCM Group, a leading financial and industrial group in Ukraine.
[hide]