Press Release

White & Case Advises Detsky mir on IPO – First Major Russian Listing in Three Years

Global law firm White & Case LLP has advised PJSC 'Detsky mir', Russia's largest children's goods retailer, as issuer, and PJSFC Sistema, as selling shareholder, on the RUB 21.1 billion (approximately US$360 million) IPO of up to 33.55 percent of Detsky mir's ordinary shares on the Moscow Exchange.

It is the first Russian market IPO in ten years in the non-food retail segment, the first IPO in Russia this year and the largest in EMEA so far in 2017.

The White & Case team which advised on the transaction was led by partner Darina Lozovsky (Moscow & London) and local partner Dmitry Lapshin (Moscow), and included partner Inigo Esteve (London) and associates Amulang Povaeva and Yulia Akulinina (both Moscow).

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