Cohen Circle's Strategy Unveils Business Combination with JSC Kyivstar
Deal News | Apr 07, 2025 | CEE Legal Matters
Cohen Circle, a US-based investment firm, has advanced its strategic goals by entering a business combination agreement with JSC Kyivstar, Ukraine's prominent telecommunications company. Guided by the legal expertise of Integrites and Morgan, Lewis & Bockius, Cohen Circle aims to strengthen its telecommunications footprint through this transaction. Sayenko Kharenko, in conjunction with Latham & Watkins, represented JSC Kyivstar's parent company, Veon. This significant move anticipates the listing of Kyivstar Group on NASDAQ in the third quarter of 2025 under the ticker KYIV. Integrites played a key role with a team led by Senior Partner Illya Tkachuk and included various experts in the field.
Sectors
- Telecommunications
- Investment Management
- Legal Advisory
Geography
- United States – Cohen Circle, the investment firm involved in the business combination, is based in the USA.
- Ukraine – JSC Kyivstar, the telecommunications company involved in the transaction, operates in Ukraine.
Industry
- Telecommunications – JSC Kyivstar operates in the telecommunications industry, being a major Ukrainian telecom company.
- Investment Management – Cohen Circle is an investment firm engaged in strategic acquisitions and investments.
- Legal Advisory – Multiple legal advisory firms are involved, advising both Cohen Circle and Kyivstar's parent company, illustrating the legal industry's role in M&A.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cohen Circle Acquisition Corp I | Buyer | Company | A US-based investment firm engaging in a business combination with JSC Kyivstar. |
| JSC Kyivstar | Target Company | Company | A Ukrainian telecommunications company involved in the business combination. |
| Veon | Vendor | Company | The parent company of JSC Kyivstar, seeking a strategic business combination. |
| Integrites | Legal Advisor | Company | Provided legal advisory to Cohen Circle in the business combination. |
| Sayenko Kharenko | Legal Advisor | Company | Provided legal advisory to JSC Kyivstar's parent company, Veon. |
| Morgan, Lewis & Bockius | Legal Advisor | Company | Collaborated with Integrites in advising Cohen Circle. |
| Latham & Watkins | Legal Advisor | Company | Collaborated with Sayenko Kharenko in advising JSC Kyivstar's parent company, Veon. |