Konstantin O. Konstantinov

Partner

Practice Description

Representative Matters

• Represented Daimler AG's truck division in a $250 million deal to acquire a 10% stake in Russian truck maker KamAZ.
• Represented Open Joint Stock Company Vimpel-Communications (VimpelCom) in its approximately US$226 million acquisition of a 49.9% stake in the Euroset Group, Russia’s largest mobile handset retailer.
• Represented the International Finance Corporation in a $95 million financing package for Megalogix for the construction and operation of a 120,361-square-meter warehouse and logistics center in Novosibirsk, Russia.
• Represented PepsiCo and the Pepsi Bottling Group in the $1.4 billion acquisition of a 75.53% stake of Lebedyansky, Russia's leading juice producer, with about a third of the Russian market.
• Represented VimpelCom in its purchase of 49% of the shares of Closed Joint Stock Company Cortec from Inure Enterprises Ltd. for approximately $404 million.
• Represented Golden Telecom, Inc. (Golden Telecom) in connection with its $4.2 billion acquisition by Vimpel-Communications, marking the largest acquisition by a U.S. publicly listed Russian company of a U.S. public company.
• Represented Berycan Limited in connection with its purchase of ISTIL Group Holding Limited (Cyprus), a holding company with assets in Ukraine, USA, UK, and UAE.
• Led the teams advising on the IPOs of two Russian gencos, TGK-4 (arranged by ABN Amro and Metropol) and TGK-2 (arranged by Dresdner Kleinwort and Alfa-Bank), as part of the restructuring of RAO UES of Russia.
• Advised a strategic investor in its potential participation in the tender to purchase equity in Wholesale Generation Company No. 3 (OGK-3).
• Acted for Golden Telecom on its acquisitions of Corbina Telecom and Fortland Limited, as well as on the $275 million syndicated loan to finance, among other things, those transactions.
• Represented Kinross Gold Corp. in its $3.1 billion acquisition of Bema Gold Corp. 
• Represented VimpelCom in its €341.9 million acquisition from Hellenic Telecommunications Organization of 90% of CJSC Armenia Telephone Company (Armentel). 
• Represented OMZ in its début on the international debt market by launching a $30 million credit-linked notes program and is currently advising another major Russian company on a structured credit-linked notes program. 
• Represented Golden Telecom in a $200 million transaction that involved a share exchange agreement and affiliates of the Norwegian national operator, Telenor, where Golden Telecom acquired 100% of the shares of OAO Comincom, including its wholly owned subsidiary, OAO Combellga, the third largest alternative operator in Russia, in exchange for 19.5% of Golden Telecom’s outstanding common stock. 
• Advised Golden Telecom on its $100 million acquisition of Sovintel from OAO Rostelecom, which involved payment of the purchase price in part through an issuance of new shares in Golden Telecom. 
• Acted as lead associate on a €100 million project financing of a glass float company in the Russian Federation, representing both the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). 
• Advised IFC with respect to secured loans to a Russian glass bottling plant partially guaranteed by offshore sponsors. 
• Participated in the representation of EBRD in connection with a political risk guarantee program for working capital loans arranged by Duferco for five related companies including the Russian steel producer Viz-Stahl, where he performed due diligence and worked on the preparation of a related Russian law legal opinion. 
• Represented IFC on a $125 million financing of the acquisition by Orient Express Hotels of a 93.5% stake in St. Petersburg’s historical Grand Hotel Europe, the largest ever property acquisition in Russia and the first ever acquisition financing by IFC in Russia. 
• Represented IFC and EBRD in connection with equity investments in numerous Russian financial and industrial companies in a variety of industries such as steel, industrial glass, packaging, construction materials and others.
• Represented an operating subsidiary of Norilsk Nickel engaged in the gold business in connection with its acquisition of a majority stake in a Russian gold company, which also involved an assignment of indebtedness and guarantee arrangements by the sellers. 
• Represented EBRD and ING Bank in a $60 million financing of an iron ore mine in Russia, which was supported by offtake arrangements and secured by an offshore collateral account. 
• Advised EBRD on its $90 million credit facility to Severgal, a joint venture project between OAO Severstal and Arcelor, which involved an extensive security package under both English and Russian law. 
• Advised EBRD with respect to its financing of a major Russian automotive company, and the conversion of its outstanding debt to equity. 
• Participated in the representation of EBRD in connection with a political risk guarantee program for working capital loans arranged by Duferco for five related companies including the Russian steel producer Viz-Stahl.

Honors

Publications

Speeches and Events