Avellum Guides UMAEF in $50 Million SME Support Initiative
Deal News | Nov 14, 2024 | CEE Legal Matters
Avellum, a law firm, has advised the Ukraine-Moldova American Enterprise Fund (UMAEF) on launching a new direct investment initiative worth USD 50 million. This program aims to bolster small and medium-sized enterprises (SMEs) in Ukraine and Moldova by providing equity and quasi-equity financing between USD 1 million and USD 3 million to businesses that meet specific financial criteria. Avellum's advisory team, led by Managing Partner Mykola Stetsenko and Managing Associate Oleksandr Volodin, played a crucial role in the program's formation, which seeks to enhance the economic resilience and growth of the region's SMEs.
Sectors
- Financial Services
- Legal Services
- Small and Medium Enterprises
Geography
- Ukraine – Part of the geographical scope of the investment program targeting SMEs.
- Moldova – Part of the geographical scope of the investment program targeting SMEs.
- United States – The Ukraine-Moldova American Enterprise Fund suggests American involvement in the investment initiative.
Industry
- Financial Services – The article discusses a direct investment program which is a financial service aimed at supporting SMEs.
- Legal Services – Avellum's role in advising on the investment program highlights the involvement of legal services.
- Small and Medium Enterprises – The investment program is specifically targeted at supporting SMEs in Ukraine and Moldova.
Financials
- USD 50 million – Total amount of the direct investment program launched by UMAEF.
- USD 1 million to USD 3 million – Range of individual investments offered to SMEs through the program.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ukraine-Moldova American Enterprise Fund (UMAEF) | Investor | Company | The fund launching the USD 50 million direct investment program for SMEs in Ukraine and Moldova. |
| Avellum | Legal Advisor | Company | The law firm advising UMAEF on the investment program. |
| Mykola Stetsenko | Managing Partner | People | A managing partner at Avellum involved in advising UMAEF. |
| Oleksandr Volodin | Managing Associate | People | A managing associate at Avellum involved in advising UMAEF. |