CMS has advised IFU on its EUR 7m investment in Bank Lviv in the form of subordinated debt. Bank Lviv provides targeted financing to small and medium-sized companies, serving around 45,000 customers in areas such as manufacturing, trade and agribusiness.
IFU is an independent government-owned fund offering risk capital to companies in developing countries and emerging markets. IFU focuses on investing in financially viable companies contributing to the green transition, as well as economic and social development.
Ihor Olekhov, CMS partner and Head of Banking & Finance in Kyiv, said: “We’re delighted to support IFU on its investment in Bank Lviv. Small- and medium-sized enterprises are the backbone of Ukraine’s economy. This partnership will help Ukrainian businesses grow, create new jobs and contribute to Ukraine’s economic development.”
Oleksii Parkhomchuk, Investment Director, Representative Ukraine at IFU, added: “We are very pleased to support Bank Lviv. The debt financing is important as it will improve the bank’s ability to offer financing to small- and medium-sized companies, which have a great need for capital and play a significant role in the economic and social reconstruction of the country.”
The CMS team led by Ihor Olekhov and Kateryna Chechulina included Bohdan Ilchenko, Yaroslav Pavliuk, Ruslan Dotsenko and Liudmyla Stryzhak (Banking & Finance).
