Dentons has advised VTB Capital on the acquisition of a US$75 million stake in global car sharing company Delimobil Holding SA, which controls the Russian entities that own the Delimobil, Anytime and Anytime.Prime brands.

The acquisition marks VTB Capital’s first foray into the car sharing industry. Delimobil will use the capital raised in the transaction to fund its further development and strengthen its position in the Russian car sharing market. Since 2019, VTB Group has been Delimobil’s partner in providing leasing financing for the expansion of its vehicle fleet.

Konstantin Kroll, Partner and Head of the Russian Corporate and M&A practice (Moscow), Namik Ramić, Partner and Head of the Luxembourg Corporate and M&A practice (Luxembourg), and Jiří Tomola, Partner and Co-Head of the Czech Banking and Finance practice (Prague) led Dentons’ international team. The core team included counsel Anton Kunashov (Moscow), as well as associates Olga Sokolova, Boris Belkin, Maxim Ignatov, Oxana Kravchenko and Arsen Safaryan (Moscow), Laurens Engelen (Brussels), Reda Faid (Luxembourg), Jarmila Hager, Martin Fiala and Eva Klimová (Prague).

Konstantin Kroll said: “We were delighted to act for VTB Capital in relation to this important deal in an interesting and fast-growing segment of the market. Our international team from Moscow, Luxembourg and Prague coordinated seamlessly to ensure the timely signing and closing of the transaction. The Delimobil deal re-enforces the message that Dentons team has the experience, skills and resources to execute complex deals under tight timelines for our clients.”

VTB Capital, VTB Group’s investment banking business, is the leading international investment bank in Russia. VTB Capital offers a full range of investment banking products and services relating to, among others, trading operations, debt and equity placements, M&A transactions and consulting services, private equity, asset management, FX and interest-rate products, hedging strategies, and global commodities.

Delimobil Holding SA is registered in Luxembourg and controls a Russian entity owning a car sharing business operating under the Delimobil brand. Established in Moscow in 2015, Delimobil was a pioneer in the car sharing market in Russia and has since increased its fleet through organic growth and M&A activity, expanding its geographical presence to 10 cities. Delimobil Holding SA also controls a Russian entity operating a car sharing business in Czech Republic, Kazakhstan and Belarus under the Anytime brand, and is developing a subscription car rental service in Russia under the Anytime.Prime brand.

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