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White & Case Advises on European Medical Center's US$500 Million IPO

Global law firm White & Case LLP has advised the underwriters on the US$500 million Initial Public Offering of United Medical Group CY PLC, Russia's leading multidisciplinary premium-class healthcare services provider operating under the European Medical Center brand, on the Moscow Exchange.

"This is the first IPO of a Russian private medical services provider in almost a decade," said White & Case partner Darina Kogan-Bellamy, who co-led the Firm's deal team. "In addition, this transaction is the first to be conducted under the new Russian legislative framework, which provides issuers with flexibility in listing GDRs only on a Russian stock exchange, without a primary listing on a foreign venue."

Citigroup Global Markets Limited, J.P. Morgan AG and VTB Capital plc acted as joint global coordinators and joint bookrunners. 

The White & Case team that advised on the transaction was led by partners Darina Kogan-Bellamy (Moscow & London) and Inigo Esteve (London) and included local partner Dmitry Lapshin (Moscow) and associates Renat Akhmetzyanov, Anastasia Sheyndlina (both Moscow) and Samuel Curme (London).

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