KIAP Attorneys at Law's Corporate Practice team keeps representing Kirill Larin, the founder and CEO of eCredit, the innovative car loan platform, in the transaction with Yandex. eCredit platform is a one-stop service for choosing the loan and insurance offers for car owners. Yandex has purchased the entire company from the founder and has plans to integrate the platform that showcased high performance into the Auto.ru service.
Our professionals prepared the documentation package related to purchase of the founder's entire share, including a pool of option agreements, and advised the client on how to instrumentally exit the business.
Global restructuring of Yandex Group emerged as a complication for the transaction overseen by our company. The time aspects and transaction features related to the Yandex global deal had to be additionally factored in during development of the investor exit mechanism. We would add that for transactions in the IT sector the advisors need to have a good grasp of the subject and features of service functioning, which was displayed by our team and highly praised by the client.
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