December 2019 – Kinstellar has acted as Ukrainian legal counsel to the leading Ukrainian seed producer MAIS in connection with the establishment of a joint venture with a strategic investor, the US company Remington Seeds – the largest third-party seed producer in the world.
The new joint venture, SEED CORP, will provide a full range of high-quality seed production services to international and domestic agricultural clients. It is located in the heart of Ukraine's black soil region and has more than 5,000 hectares of irrigated agricultural land. SEED CORP owns one of the most modern seed production plants in Eastern Europe.
Commenting on the transaction, Iryna Nikolayevska, Counsel and Head of Kinstellar's M&A and Corporate practice in Kyiv, said: "We are honoured to advise the Ukrainian agribusiness company MAIS on the attraction of a significant investment and the establishment of a joint venture with a top-class strategic international investor. This is the first deal of such calibre in the row crop seed production industry in Ukraine. We hope that the success of MAIS, which is attributable to exceptional professionalism and commitment to the highest quality standards of its team, will pave the way for many more investments into Ukrainian agribusiness companies."
MAIS is a leading agricultural company in Ukraine with over 28 years of experience in seed production and fruit and animal farming.
Remington Seeds is one of the largest seed producers in the world providing system solutions and services in the production, processing and distribution of seeds in all regions of the world. Remington Seeds is based in the US, Argentina, Brazil, Chile, Mexico, Romania, Russia and Uruguay.
Kinstellar's team advising on the transaction was led by Iryna Nikolayevska (Counsel) and included Mykyta Nota (Counsel, Competition/Antitrust), Oleh Andreikiv (Senior Associate, M&A/Corporate), and Viktoriia Dobrynska (Senior Associate, M&A/Corporate).
For more information, please see MAIS' press release here (in Ukrainian language only).