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EY advised Rozetka in connection with its merger with EVO

27/ 11/ 2018
  KYIV, 27 NOVEMBER 2018. EY acted as a lead legal counsel and tax advisor to Temania Enterprises Ltd, a holding company of the Rozetka group, during the merger with the EVO group of companies. As part of the transaction, Rozetka bought out the shares of Naspers in the EVO group, and the shares of the founders of the EVO group were transformed into shares in the combined Rozetka group. EY provided full legal and tax support to the buyer during the course of the transaction, in particular, carried out legal and tax due diligence, advised on tax and legal structuring of the transaction, reviewed transaction documents, and provided deal signing and closing support. EY lawyers also provided support to Rozetka shareholders in connection with structuring their relations with the founders of the EVO group, who as a result of the transaction became Rozetka shareholders. The project team, led by Igor Chufarov, Partner, Tax & Law, included Bogdan Malnev and Vitalii Pustovyi, Senior Associates, Daria Gulinska, Manager, and Daria Tkachenko, Associate. Considering that EVO also operates in the CIS countries, the relevant foreign offices of EY have joined the project. “We are pleased to continue our cooperation with Rozetka. Using our capabilities in Ukraine and abroad, we can effectively implement the most ambitious projects of our clients. Our achievements are primarily achievements of our clients and partners,” commented Igor Chufarov, Partner, Tax & Law, EY Ukraine. This transaction further enhances EY Ukraine’s position in the fast growing Ukrainian M&A market in the information technology industry. Recently EY advised a private equity fund manager Horizon Capital in connection with an acquisition of a stake in Intellias, one of the leading Ukrainian IT outsourcing companies. EY Ukraine currently works on a number of other M&A transactions in the IT sector. Rozetka is the e-commerce leader of B2C segment in Ukraine. The company was founded in 2005 in Kyiv as an online store of electronics and home appliances. In the following years, Rozetka transformed into a multi-category market and achieved significant success in different segments of the market: childrens products, household goods, FMCG, clothing and footwear. Rozetka is among the ten most expensive brands in Ukraine and has one of the highest NPS among retailers in Ukraine. Naspers is a global internet and entertainment group and one of the largest technology investors in the world. It was founded in 1915 and is headquartered in Cape Town, South Africa. Naspers operates in more than 120 countries and runs some of the worlds leading platforms in internet, video, entertainment, and media. EVO is a Ukrainian IT company that created leading marketplaces and online services in Ukraine. The EVO group of companies includes services in Ukraine and the CIS: prom.ua, satu.kz, deal.by, bigl.ua, zakupki.prom.ua, crafta.ua, kabanchik.ua, vchasno.com.ua, shafa.ua. Every month buyers make more than 2 mln purchases at the EVO marketplaces. About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. Contacts Olga Danchenkova, PR Manager, EY Ukraine +380 (44) 490 30 00, (067) 659 56 59, Olga.Danchenkova@ua.ey.com

KYIV, 27 NOVEMBER 2018. EY acted as a lead legal counsel and tax advisor to Temania Enterprises Ltd, a holding company of the Rozetka group, during the merger with the EVO group of companies.

As part of the transaction, Rozetka bought out the shares of Naspers in the EVO group, and the shares of the founders of the EVO group were transformed into shares in the combined Rozetka group.

EY provided full legal and tax support to the buyer during the course of the transaction, in particular, carried out legal and tax due diligence, advised on tax and legal structuring of the transaction, reviewed transaction documents, and provided deal signing and closing support. EY lawyers also provided support to Rozetka shareholders in connection with structuring their relations with the founders of the EVO group, who as a result of the transaction became Rozetka shareholders.

The project team, led by Igor Chufarov, Partner, Tax & Law, included Bogdan Malnev and Vitalii Pustovyi, Senior Associates, Daria Gulinska, Manager, and Daria Tkachenko, Associate. Considering that EVO also operates in the CIS countries, the relevant foreign offices of EY have joined the project.

“We are pleased to continue our cooperation with Rozetka. Using our capabilities in Ukraine and abroad, we can effectively implement the most ambitious projects of our clients. Our achievements are primarily achievements of our clients and partners,” commented Igor Chufarov, Partner, Tax & Law, EY Ukraine.

This transaction further enhances EY Ukraine’s position in the fast growing Ukrainian M&A market in the information technology industry. Recently EY advised a private equity fund manager Horizon Capital in connection with an acquisition of a stake in Intellias, one of the leading Ukrainian IT outsourcing companies. EY Ukraine currently works on a number of other M&A transactions in the IT sector.

Rozetka is the e-commerce leader of B2C segment in Ukraine. The company was founded in 2005 in Kyiv as an online store of electronics and home appliances. In the following years, Rozetka transformed into a multi-category market and achieved significant success in different segments of the market: children’s products, household goods, FMCG, clothing and footwear. Rozetka is among the ten most expensive brands in Ukraine and has one of the highest NPS among retailers in Ukraine.

Naspers is a global internet and entertainment group and one of the largest technology investors in the world. It was founded in 1915 and is headquartered in Cape Town, South Africa. Naspers operates in more than 120 countries and runs some of the world’s leading platforms in internet, video, entertainment, and media.

EVO is a Ukrainian IT company that created leading marketplaces and online services in Ukraine. The EVO group of companies includes services in Ukraine and the CIS: prom.ua, satu.kz, deal.by, bigl.ua, zakupki.prom.ua, crafta.ua, kabanchik.ua, vchasno.com.ua, shafa.ua. Every month buyers make more than 2 mln purchases at the EVO marketplaces.

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

Contacts

Olga Danchenkova, PR Manager, EY Ukraine

+380 (44) 490 30 00, (067) 659 56 59,

Olga.Danchenkova@ua.ey.com

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