Squire Sanders’ Global Corporate Practice has advised Ozon Holdings Limited, Russia’s leading e-commerce and on-line retail group, on a US$150 million fund raising from Sistema, the largest publicly traded diversified holding company in Russia, and Mobile TeleSystems (MTS), the leading telecommunications group in Russia and the CIS.
Structured as an issue of new shares to the investors, the transaction sees Sistema and MTS each acquire a 10.8% stake in Ozon Holdings. The group is comprised of five companies each covering different aspects of e-commerce: OZON.ru, the leading online store in Russia; O-Courier; its dedicated parcel delivery service; OZON.travel, the online travel agency; Sapato.ru, the online shoe and apparel retailer; and OZON Solutions, the b2b service supporting other companies with their e-commerce strategies. Proceeds from the deal will support continued company growth, including expansion of product lines and delivery infrastructure in Russia.
The Squire Sanders team, led by partners David Wack and Chris Rose and supported by associate Julie-Anne Lucchetti, involved lawyers from the firm’s Moscow, London and Birmingham offices.
“I am pleased we could support our clients and the varied shareholders of Ozon in this complex deal,” commented David Wack.
“It will see significant investment for growth in Ozon’s multiple businesses,” explained Chris Rose, “and marks a new record in a single investment round in Russian e-commerce.”