Integrites has advised the Kovalska Group on a EUR 27 million long-term secured loan from Dutch Invest International to finance the construction of a new aerated concrete production plant in Rozvadiv, Ukraine. Redcliffe Partners, working with the Amsterdam office of Clifford Chance, advised the lender.
According to Redcliffe Partners, Invest International Public Programmes B.V. acted on behalf and in the interests of The State of the Netherlands (The Minister for Foreign Trade and Development Cooperation) as the lender. Invest International is a joint venture between the Dutch Ministry of Finance and Dutch development bank FMO, established to achieve the UN’s Sustainable Development Goals.
According to Integrites, the loan is funded from the Dutch Good Growth Fund. "State-of-the-art autoclaved aerated concrete machinery and technology for the plant will be supplied by Aircrete Europe, from the Netherlands to Ukraine."
The Kovalska Group is a vertically-integrated construction material manufacturer and property developer in Ukraine.
Aircrete Europe is a developer and manufacturer of autoclaved aerated concrete machinery and technology for the production of AAC panels and blocks.
The Integrites team included Partner Igor Krasovskiy, Senior Associate Yuriy Korchev, and Associate Valentyna Solona.
The Redcliffe Partners team included Managing Partner Olexiy Soshenko and Associate Sevastian Viktoruk.