ASPACE is a key player in Russia’s flexible office market. The investment will enable the company to scale its business, launch new locations and enhance its investment appeal.
To facilitate the investor’s entry into the company’s share capital, the parties employed a convertible loan agreement, a modern and flexible instrument under Russian corporate law. This structure has made it possible to effectively link financing to the expansion of ASPACE’s network, mitigate the risks for both parties and ensure the timely provision of funds without placing an excessive debt burden on the operating company.
The Moscow-based team was led by Corporate partner Igor Antonyan assisted by legal director Maria Shevchenko and senior associate Dmitry Ostrey.
We are delighted to have supported the ASPACE team in this strategically important transaction. The serviced office market is undergoing significant transformation, and the entry of a strong financial partner creates tremendous opportunities for the company to further expand its portfolio.
Igor AntonyanPartner
