Rönesans Holding Partners in Kazakhstan Healthcare Project
Deal News | Nov 04, 2024 | White & Case
White & Case LLP, a global law firm, with its associated firm GKC Partners, has advised Rönesans Holding, a major contracting and investment firm, on a significant Public-Private Partnership (PPP) healthcare project in Kazakhstan valued at $456 million. This project entails the development and operation of a modern, multi-speciality hospital in Kokshetau, designed to cater services for over one million residents in the Akmola region. Recognised as a substantial project by the Kazakhstani government, it is backed by six international financiers, including EBRD, AIIB, and others. White & Case's involvement underscores its expertise in PPPs, construction, infrastructure, and project financing, with key team members involved from Astana, Istanbul, and London.
Sectors
- Legal Services
- Healthcare
- Infrastructure
- Project Finance
Geography
- Kazakhstan – The healthcare project is located in Kazakhstan, targeting the city of Kokshetau and the Akmola region.
- United Kingdom – White & Case LLP's London office was involved in the advisory process.
- Turkey – The advisory involves GKC Partners, based in Istanbul, Turkey.
Industry
- Legal Services – The article discusses a law firm advising on a major healthcare project, highlighting the role of legal services in major infrastructure and PPP projects.
- Healthcare – The project involves the construction and operation of a hospital, making healthcare a central industry in the discussion.
- Infrastructure – The article focuses on infrastructure development through a PPP model, demonstrating its relevance in the sector.
- Project Finance – The financing and structuring of the PPP hospital project are key elements, involving multiple financial institutions.
Financials
- 456 million – The total funding amount for the PPP hospital project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rönesans Holding | Target | Company | A contracting and investment company overseeing the healthcare project. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising on the PPP project. |
| GKC Partners | Legal Advisor | Company | An Istanbul-based firm associated with White & Case, advising on the project. |
| Government of the Republic of Kazakhstan | Government | Government | Listed the hospital project as one of particular significance. |
| EBRD, AIIB, ICD, DEG, Proparco, DBK | Financiers | Company | International financial institutions providing funding for the project. |
| Renell Kokshetau LLP | Subsidiary | Company | A subsidiary of Rönesans Holding involved in the project. |