The work on this project is led by RGP Managing partner and Head of Corporate practice, Suren Gortsunyan, and the project team includes partner Oleg Isaev, associates Marina Abazyan and Daniil Ivanov, and junior associate Danil Karimov. The project team’s work includes advising the client on the sale of a stake in the company that owns the Uchi.ru educational platform to a group of investors, including advice on various issues relating to the negotiation and execution of share purchase agreements and a shareholders’ agreement.
Uchi.ru is a resident of the IT cluster of the Skolkovo Innovation Center, one of the largest online platforms in Russia for school and independent learning. According to information provided by the company, the service is used by approximately half of the school children in Russia – over 8 million students and over 350 thousand teachers. The platform produces educational content for year 1 to year 11 students on all major subjects. In addition, it allows students to study coding and target-setting, prepare for school exams and take part in academic competitions. The company also develops projects for foreign markets: HappyNumbers.com, Bricsmath.com and Dragonlearn.org. They already operate in the United States and Canada, and pilot programmes have also been launched in India, China, Brazil, South Africa, Indonesia and Vietnam. Revenues of Uchi.ru in 2020 are expected to be in the region of RUB 3 billion – almost three times more than last year.
“We are delighted to be involved in transactions that promote the development of distance learning in Russia and worldwide. Previously, our team had already advised on transactions in the sphere of online education, and we look forward to the continued growth of activity and increase in the number of projects in this sphere,” commented RGP Managing partner and Head of Corporate practice Suren Gortsunyan.
The deal is being covered by the leading business mass media: Vedomosti, Kommersant, Interfax, RBC, and Forbes.
Rybalkin, Gortsunyan & Partners is an independent law firm established in 2018 in Russia, supporting clients from all over the world in their business dealings involving Russia and CIS countries. In addition, our firm offers unparalleled expertise in foreign legal matters to Russian companies with significant international presence.
We are a cohesive team of seasoned professionals, highly ranked in all aspects of dispute resolution and corporate work and with significant international expertise, gained in leading international law firms.
Our lawyers and advocates have worked on the largest corporate deals, investigations and disputes in the history of modern Russia and represented clients in 175 jurisdictions worldwide.
Rybalkin, Gortsunyan & Partners operates through the Limited Liability Company and the Advocates bureau of the City of Moscow “RGP”. The relations between the above entities are governed by the general agreement on legal assistance.
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