Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 11-08-2016 | Practice Area: | Corporate and M&A |
| Deal Title: | Vostok New Ventures Investment in BlaBlaCar | Industry: | Travel & Leisure |
| Description: |
Vinge advised Vostok New Ventures Ltd in connection with an investment in the Paris based ride-sharing service Comuto SA. Through the investment, Vostok acquired shares in BlaBlaCar for a value of approximately EUR 40 million. The acquisition was made by an issue in kind where the purchase price for the shares in BlaBlaCar consisted of 6,866,766 newly issued shares in Vostok. The acquisition was approved by the Special General Meeting in Vostok on 5 August 2016 and new Swedish depository receipts for the issued shares were expected to be admitted for trading on Nasdaq Stockholm on 11 August 2016. Following the acquisition, Vostok owned approximately 5.4% of the shares in BlaBlaCar.
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| Financial Center: | Stockholm | Value: | 0.00-100.00 |
| Advised Party: | Private Equity Investor,Venture/Growth Investor | Law Firm | Vinge |
| Target Company Jurisdiction | Sweden | Acquiror Jurisdiction | Russian Federation |
| Classification: |
Financial Buyer Acquisitions Minority Investment Venture CapitalVenture and Growth Capital Retail/E-Commerce |
Lawyer | Jesper Schonbeck |
