May 2013: X5 Retail Group completed an acquisition of 100% of shareholding in Russian Limited Liability Company CMR Company 1 engaged in the development project for allocation of retail store in Moscow.
Burchills was advising X5 Retail Group in the whole course of the acquisition.
Partner Kirill Tanchev was the principal counsel to the purchaser.
1 February 2012: Burchills advised the sellers in their US$22.5 million sale of 75%-1 of indirect shareholding in GNC-Alfa, a major Armenian operator of optic-fibre networks, to Teleset Networks, a subsidiary of OAO Rostelecom.
Mr. Hayk Faramazyan, CEO of GNC-Alfa says valuing Burchills' input into the success of the transaction: "Burchills' legal advice was very helpful during the difficult process of negotiations and contracts drafting. We are really satisfied with the quality of services provided by highly qualified lawyers of Burchills who were working closely with us during that period."
Partner Kirill Tanchev was the principal counsel to the sellers.
1 September 2011: OJSC “Rostelecom” successfully completed a US$ 80.5 million acquisition of a 50% stake in ZAO Volgograd-GSM ("Volgograd-GSM"). As a result of the acquisition OJSC "Rostelecom" increased its holding in Volgograd-GSM from 50% to 100%.
Volgograd-GSM is a regional GSM operator providing mobile services in Volgograd and the Volgograd region with a market share of around 20%.
Burchills advised OJSC "Rostelecom" on the acquisition, undertaking corporate legal due diligence on the target company and drafting and assisting in the negotiation of the transaction documents.
Partner Kirill Tanchev was assisted principally by senior associate Mikhail Matveev.
ACQ Magazine, the leading monthly for the global M&A market, ran features on Burchills in two recent issues. The magazine spoke to Kirill Tanchev in February to mark our 20th anniversary, and asked James Kitcatt about the investment climate in Russia for its March publication. You can read the full articles here and here.
On December 27, 2010: OJSC "North-West Telecom" announced the successful completion of a US$ 27.8 million acquisition of a 100% stake in ZAO "Severen-Telecom" ("Severen-Telecom"). Severen-Telecom is one of the largest providers of broadband internet and telephony services to corporate clients in St. Petersburg and the Leningrad region.
Burchills advised OJSC "North-West Telecom" in the course of the acquisition of Severen-Telecom.
Partner Kirill Tanchev was assisted principally by associate Mikhail Matveev.
30 November 2010: Danone and Unimilk completed the merger of their fresh dairy product businesses in Russia and other CIS countries. Burchills acted as Russian legal counsel to Unimilk shareholders in this transaction.
The new combined entity will be the market leader in dairy products in Russia and the CIS, with a 21% share of the Russian market and a particularly strong position in premium and fast growing segments. Aggregate sales of the combined entity will amount to around EUR1.5 billion, with over 14,000 employees.*
Andrey Beskhmelnitskiy, CEO of Unimilk and one of its shareholders said: "Burchills has advised us on a number of M&A deals, our corporate reorganization and also acted on the private placement of a minority stake with a major US investment fund. This merger with a strategic partner, a worldwide leader on the FMCG market, required all our experience, expertise and ability to work as a team. The transaction was completed within an unprecedentedly short timetable with the involvement of magic-circle investment banking, financial and legal advisors, which is a testament to the high quality of the service provided by Burchills".
Paul Marchand, general counsel of Meridian Securities (UK) Limited, another shareholder of Unimilk, commented: "This has been a challenging but immensely interesting transaction involving multiple jurisdictions and complex legal and anti-trust issues. It is a very important transaction both for us and our co-shareholders and for Danone and we believe that solid foundations have been built for a successful combined and leading dairy business in Russia and elsewhere in the CIS. Burchills acted as lead Russian counsel to the existing controlling shareholders of Unimilk, whilst also co-ordinating our local counsel in other CIS jurisdictions and working well with our international counsel White & Case. Burchills provided pragmatic, sound and efficient advice to us, which I believe was instrumental to the success of the transaction".
The Burchills' team was led by partner Kirill Tanchev, assisted by associates Alexey Najestkin and Maria Lebedeva.
*According to Unimilk site(www.unimilk.ru)
29 September 2010: X5 Retail Group N.V. ("X5"), Russia's largest retailer by sales volume, today announced the successful completion of its USD 38 million acquisition of ZAO "Ostrov-Invest" ("Ostrov"), which operates stores in Moscow and the Moscow Region under the "Ostrov" brand.
Burchills advised X5 from inception to completion of its successful acquisition of Ostrov, undertaking legal due diligence on the target company, advising on the structure of the deal and drafting and assisting in the negotiation of the transaction documents.
Partner Kirill Tanchev, who led the Burchills team, said: " One of the main challenges we faced in negotiating the transaction documents was finding a reasonable solution for protecting the client's position in relation to the target's property interests, the terms of a substantial part of which were subject to continuous changes".
Kirill Tanchev was assisted principally by associate Mikhail Matveev.