Adam Smith

Counsel, Moscow

Biography

Overview

Adam is counsel in our Moscow office Corporate/M&A and Energy practices. Adam has significant experience advising on corporate and commercial transactions in a wide range of sectors. He regularly represents corporates and multilateral financial organizations and has considerable experience in the energy and natural resources industries. He has advised various energy, resources, technology and infrastructure companies on M&A transactions and joint ventures, as well as licensing and supply agreements.
Bars and Courts
England and Wales
Education
CPE
College of Law, York
BA
History
Oxford University
Languages
English
Russian

Experience

SIBUR Holding, Russia's leading petrochemicals giant, in connection with:

  • US$ multi-billion acquisition and merger with TAIF Group which controls most of the petrochemical industry in the Republic of Tatarstan, Russia. This is the largest M&A transaction in Russia since 2017.
  • disposal of a 40 percent interest in Amur Gas Chemical Complex (Amur GCC) (US$10 billion project) to China Petroleum & Chemical Corporation (Sinopec), China's leading energy and chemical company, within the JV deal.

Representation of VTB Capital (and its two co-investors, Millhouse and Invest AG, with respect to DD) in connection with the investment in a Russian online cinema platform Ivi.ru. The transaction involved US$250 million private equity investment round led by VTB Capital.

Representation of Management Company Wind Generation (owned jointly by Fortum and Rosnano) in connection with the sale of Russian wind farms with a total capacity of over 350 MW. The transaction marks an important investment in Russia’s renewable energy sector.

Representation of Perm Financial and Industrial Group (PFI-Group), a Russian investment holding company, in connection with acquisition of a minority stake in holding company of ER-Telecom, one of Russia’s leading internet services provider and pay-TV operator, employing the Dom.ru brand. As a result of the deal, PFIG’s interest in ER-Telecom has increased to 87.29%.

Representation of Stinn LLC, a member of the private Russian advertising group Vera-Olimp, in connection with an acquisition of 25% in Russ Outdoor, Russia’s largest outdoor advertising operator, from French JCDecaux. Earlier in 2019 we represented Stinn on its acquisition of 48.57% of shares in Russ Outdoor. As a result of these transactions, our client has consolidated 73,57% ownership of Russ Outdoor.

Representation of Moscow Exchange in the acquisition of a stake in e-fx trading platform BierbaumPro AG.

Representation of Canon Medical Systems Corp., a Japanese medical equipment company, on its agreement with leading Russian healthcare provider R-Pharm Holding to establish a diagnostic imaging equipment joint venture that covers nine members of the Commonwealth of Independent States (CIS), including Russia.

Representation of POLIEF (SIBUR) in connection with English law aspects of the reconstruction of a plant for the production of purified terephthalic acid.

Representation of VTB Bank in connection with the US$2 billion sale of the 55% stake in Tele2 Russia to Rostelecom, the Russian telecom giant, and further acquisition of up to 30% shares of Rostelecom.

Representation of Rostelecom, an unrivalled Russian leader in the telecom industry, on the acquisition of DataLine, a leading Russian data-center services provider, for approximately US$280 million.

Representation of Resource Capital Fund VII L.P., a US-based private equity fund, in a 35 percent indirect equity acquisition of RG Gold, a gold mining company based in Kazakhstan.