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Kinstellar Advises UMG Investments on Acquisition of a Stake in Feednova LLC

May 2020 – Kinstellar recently acted as a legal counsel to UMG Investments in connection with its acquisition of a minority stake in Feednova LLC, a Ukrainian company focusing on production of feed additives for farm animals and pets (“Feednova”), and the subsequent establishment of a joint venture with Effective Investments Group and other stakeholders of Feednova.

Feednova will become the first independent operator in Ukraine to process raw materials from external suppliers for the production of high-protein feed additives and animal fats for farm animals and pets. The production complex will have four state-of-the-art production lines and five boilers with a capacity of over 220 tons of raw materials and 90 tons of finished products per day. As an export-oriented company, Feednova will become the major budget revenue-generating enterprise in the region and will create up to 100 new jobs.

Kinstellar partner Iryna Nikolayevska, who leads the firm’s M&A and Corporate group in Ukraine, comments: “We are honoured to advise UMG Investments on this unique investment project that will bring waste management in Ukraine’s animal agriculture sector to a new level and set new environmental safety standards for the entire agriculture industry. We hope that this deal—which reflects the exceptional professionalism and commitment to the highest quality standards of its parties—will pave the way for the further development of and increased investment into the Ukrainian waste management industry.”

Andriy Gorokhov, CEO of UMG Investments, comments: “We are pleased that our investment in Feednova will help to create the first independent operator of animal by-products processing in Ukraine. We believe that participation in the Feednova project will allow our portfolio company Recycling Solutions to realise its vast experience and best practices in waste management projects to the fullest extent possible.”

UMG Investments is an investment company that establishes and develops businesses with high growth potential. Today, UMG Investments manages portfolio companies in the following areas: mineral resources, by-product and waste management, and industrial products and services. The market value of assets under the company’s management exceeds USD 500 million.

Recycling Solutions, a portfolio company of UMG Investments, is an integrated operator managing by-products and waste for the metallurgy, electricity generation, and coal mining industries.

Feednova is a Ukrainian company, which following the completion of construction works willoperate the first high-protein feed additives and animal fats production plant in Ukraine, located in in the city of Busk in the Lviv Region.

Kinstellar’s team advising on the transaction was led by Iryna Nikolayevska (Partner) and included Viktoriia Dobrynska (Senior Associate), Oleh Andreikiv (Senior Associate) and Julia Palaida (Mid-level Associate).

For more information, please contact Iryna Nikolayevska at iryna.nikolayevska@kinstellar.com.

Please see UMG Investments' press release here.

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