Deal or Case news
01.07.2020
NautaDutilh successfully assisted Goldman Sachs & Co LLC as the sole underwriter in the USD 400 million capital raise of Yandex N.V. The transaction was upsized from USD 200 million originally to USD 400 million due to strong demand.

The over-allotment option has also been exercised by Goldman Sachs & Co LLC prior to closing, thus resulting in total proceeds of approximately USD 460 million. Concurrent with the public offering, Yandex also privately placed shares directly with several investors. The total proceeds of the public offering and private placement are expected to be approximately USD 1 billion. The proceeds will be used to fund future growth and strategic opportunities across multiple sectors.

Yandex is one of the largest internet companies in Europe and the leading search and ride-hailing provider in Russia. The company has been listed on NASDAQ since 2011.

NautaDutilh acted as Dutch counsel to Goldman Sachs, alongside Latham & Watkins. The team consisted of Petra Zijp, Paul van der Bijl, Antonia Netiv, Sabrina Legerstee and Tessa van Berkum.

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