Acquisition of facilities for a new factory

In July 2017, Camozzi LLC has finalized the purchase of an industrial site in Kalynivka near Kiev from Solum LLC. 

Vasil Kisil & Partners acted as a legal counsel to Camozzi Group and provided overall legal advice on the transaction. In particular, VKP’s lawyers have conducted comprehensive legal due diligence of the assets, advised on structuring the transaction to ensure the safety of both the funds and the assets in transit, drafted and negotiated the whole set of transaction documents, including financing arrangements.

Camozzi LLC is the Ukrainian subsidiary of Camozzi s.p.a., an Italy-based international producer of high-quality pneumatic industrial automation solutions with a global sales network encompassing more than 70 countries. 

Solum LLC is a Ukrainian real estate company associated with Piraeus Bank Group. The transaction has been accomplished through a letter of credit from Ukrsibbank BNP. The acquired facility comprises of the production block and office premises of over 4 thousand sq. m in total and separate transformer substation, and also includes a land plot of over 2 ha in area. On renovation, Camozzi plans to further expand its production capacities in Ukraine on this site.