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Collas Crill advises Group on its $600m fundraising

Collas Crill's Corporate, Finance & Funds team in the BVI has advised Group on its successful $200m equity fundraising in the form of global depositary receipts and $400m debt offering of senior unsecured convertible bonds due 2025. Group is Russia's largest internet business and e-commerce business. The proceeds will be used by Group to fund internal ventures as well as potential M&A opportunities. 

The Collas Crill team was led by counsel in our BVI office, Christian Hidalgo, who was supported by partner Mike Williams. We worked on the transaction along side Hogan Lovells, who acted for Group, White & Case, who acted for Morgan Stanley as global coordinator, and Baker & MacKenzie, who acted for Citibank as depositary.

Christian commented: "It has been a pleasure to assist Group to raise substantial capital to fund its business plans in one of the largest capital market raisings for a BVI company in 2020. Working with a blue chip client like Group and leading onshore counsel shows the strong relationships we enjoy and high quality work we attract in our BVI Corporate, Finance & Funds practice."



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