Sorainen Belarus advised International Finance Corporation (IFC) on providing the Alutech Group of Companies (Alutech) with a EUR 22 million long-term corporate loan to support its strategic growth, expand exports and improve environmental and social standards. The loan is the biggest IFC investment so far in Belarusian companies.
Alutech, headquartered in Belarus, is a leading CIS producer of roller shutter systems, sectional doors and other value-added aluminium products and comprises four manufacturing enterprises and several branches and warehouses in Belarus, Russia and Ukraine.
Sorainen assisted IFC with revising all the financing documentation from the perspective of Belarusian law, including the loan agreement, drafting and negotiating Belarusian law-governed auxiliary agreements and providing legal opinions.
The Sorainen team was led by partner Kiryl Apanasevich and senior associate Ann Laevskaya.