Sayenko Kharenko has acted as Ukrainian legal counsel to Capiton in connection with its acquisition of a Ukrainian subsidiary of the Finnish Dynea-Group. The deal was closed on February 17, 2014.
Based in Germany, Capiton is an owner-managed financial investor that invests in large SMEs primarily in Germany, Austria, and Switzerland by means of MBOs and expansion financing. The Finnish chemical group Dynea is a leader in the European market of industrial adhesive systems with subsidiaries in Germany, Finland, UK, Poland, France, Romania, Austria, and Ukraine. The group specializes in the production of formaldehyde-based adhesives, which are used in the automotive and engineering industries, as well as paper overlays and oil field chemicals. Dynea employs 300 full time employees and has annual sales of approximately EUR 220 million. The company is headquartered in Helsinki.
Sayenko Kharenko’s scope of work on behalf of Capiton included due diligence of the Ukrainian subsidiary of Dynea-Group and transaction support on the Ukrainian part of the deal.
The firm’s team was led by Partner Vladmir Sayenko, and included Counsel Leonid Antonenko and Associates Oleksandr Bevz and Kateryna Zhebanova.