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Baker & McKenzie advised on the sale of 100% of the participation interest in LLC Technocom, Ukraine's market leader in instant noodles, instant mashed potato, ready-to-eat soups and dehydrated seasonings under the Mivina brand, to Nestle S.A. The value of the transaction is non-disclosable. LLC Technocom was founded in 1993 and has two factories in Kharkov (north-east Ukraine). With 1,900 employees, LLC Technocom has a turnover of around USD100 million and exports its products to 20 countries including Russia, the Baltic States, Hungary, Germany, Israel, Poland and Romania. The joint Baker & McKenzie team was led by a partner Viacheslav Yakymchuk in Kyiv with input from associates Olha Demianiuk, Olena Kuchynska, Oksana Vynarchyk in Kyiv, and Robert Hewitt in London. Commenting on the transaction, Mr. Yakymchuk said: "We are very pleased to advise the client on such a milestone transaction, as it is the first deal of this size after the economic crisis came into Ukraine. Notwithstanding the current difficulties, we see a growing interest in Ukrainian food market, being a lucrative target for international investors."
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