Dorothy U. Ufot

Dorothy Ufot regularly advises on a diverse range of corporate matters, including cross-border mergers and acquisitions and selected capital markets transactions.

Ms. Ufot’s recent experience includes representing:

• Adevinta ASA in its:
  • US$9.2 billion acquisition of eBay Classifieds Group from eBay Inc.
  • offering of €1.6 billion senior secured notes issued in two tranches due 2025 and 2027
• CTI BioPharma in its $1.7 billion sale to Swedish Orphan Biovitrum AB (SOBI)
• Coty Inc. in its strategic partnership with KKR & Co. Inc., including the carve-out sale of 60% of its professional beauty and retail hair business to KKR & Co. Inc. with an enterprise value of $4.3 billion
• Altimo Holdings & Investments Ltd. (a subsidiary of LetterOne Holdings S.A.) in its $3.6 billion acquisition of an additional stake in VimpelCom Ltd. from Weather Investments II, a private investment vehicle majority-owned by Egyptian entrepreneur Naguib Sawiris
• Kismet Acquisition One Corp., a SPAC, in its $1.9 billion initial merger with Nexters Global Limited, the first-ever de-SPAC transaction involving a Russia-based company
• Energy Infrastructure Partners (EIP) in its up to €700 million minority investment in Eni Plentitude, an Italy-based diversified energy transition company, at an enterprise value of over €10 billion and a post-money equity value of approximately €8 billion
• The AES Corporation in its pending approximately $546 milion sale of an indirect 30% stake in The Dayton Power and Light Company (d/b/a AES Ohio)
• LetterOne Holdings S.A. in a series of agreements with numerous parties that have direct and indirect ownership interests in Turkcell Iletisim Hizmetleri A.S. to restructure Turkcell’s ownership. The agreements include a full and global settlement of numerous shareholder disputes and litigation connected to Turkcell and Turkcell Holding. The Turkey Wealth Fund and LetterOne will also acquire a 26% and a 24% direct interest, respectively, in Turkcell, and all of the joint ventures and shareholders arrangements among existing shareholders of Turkcell will be unwound
• Stevanato Group S.p.A., a drug containment and delivery company, in its $692.5 million IPO, with a listing of its ordinary shares on the New York Stock ExchangeBlue Whale Acquisition Corp I in its $229 million initial public offering of units consisting of one Class A ordinary share and one-fourth of redeemable warrant