Baker & McKenzie has acted as the legal advisor to the owners of the Rozetka business, a market leader in the Ukrainian e-commerce industry, in connection with the sale of a stake to Horizon Capital.

Rozetka is one of the most recognized Ukrainian online retailers. Vladyslav Chechotkin, CEO and Founder of Rozetka, said: "Thank you for the job well done. It took hard work and commitment to achieve this result. I was surprised that, in addition to delivering high-quality work, an international law firm was ready to work seven days a week and virtually 24 hours a day."

As part of this transaction, Horizon Capital, a leading regional private equity fund manager with AUM of over US$600 million, acquired a stake in Rozetka. The financial terms of the transaction have not been disclosed.

Viacheslav Yakymchuk, Partner of the Kyiv office of Baker & McKenzie, who led the transaction, commented: "It is a landmark transaction in the Ukrainian e-commerce market and we are proud to have helped Rozetka attract this investment. The successful closing of this deal required a great team effort on the part of all involved. We wish Rozetka much success in further developing this business together with its new partner."

Kyiv team on this project included Partners Viacheslav Yakymchuk and Oksana Simonova, Senior Associate Zoryana Sozanska-Matviychuk and Associates Olga Gavrylyuk, Nataliya Kovalyova, Alyona Furda and Anna Dolynna.