Global law firm Dechert LLP has advised RPG Industries SE ("RPG") on its acquisition of a 20.79 percent stake in leading European iron ore producer Ferrexpo for £101m. Ferrexpo plc is a Central and Eastern European ("CEE") natural resources company with major assets in Ukraine, principally involved in the production and export of iron ore pellets used in producing steel. The company holds the licenses to the largest iron ore deposit in Europe, and is the world's 12th-largest producer of iron ore pellets. In 2006, the company accounted for approximately half of all iron ore imports into the CEE region.

RPG is owned by Crossroads Capital Investments Inc., a private equity house focusing on CEE, Zdenek Bakala, a leading Czech businessman, First Reserve Corporation, a private equity house focusing on the natural resources sector, and American Metals and Coal International Inc., a private investor in the natural resources sector.

Fevamotinico, controlled by Ukrainian businessman Kostyantin Zhevago, remains the majority owner of Ferrexpo, with a 51 percent stake in the company following the sale to RPG.

The Dechert London corporate team advising RPG was led by partner Adam Levin, assisted by fellow partner Wayne Rapozo, senior associate Claudine Ang, and associate Richard O'Brien.

Said Adam: "This was an important strategic acquisition for RPG, cementing its status and one of CEE's leading and most dynamic investors. Once again, I'm delighted to have been able to work with them on such an exciting transaction."

			More on: Claudine Ang Adam Levin Richard O'Brien Wayne Rapozo

			More on: Mergers and Acquisitions Private Equity

Contact:
Will Salomone
will.salomone@dechert.com
+44 (0)20 7184 7573