DLA Piper and Sorainen advised on the deal
Baring Vostok, a private equity fund investing in Russia and the Commonwealth of Independent States, finalized its acquisition of a minority stake in Itransition, a leading Belarusian software solutions developer and full-spectrum IT services provider.
The partnership’s main focus will be on strengthening Itransition’s foothold in its key markets of the European Union and the United States. Founded 20 years ago, Itransition has become one of the leading Belarusian software developers, with offices located in Belarus, Russia, the UK and the US. The company employs around 2,000 staff.
DLA Piper advised Baring Vostok with a team including Leo Batalov (Picture) Andrei Sheetkin, Jon Kenworthy, Dylan Kennett, Casper Hamersma, Diederik Schuurmans and Anton Ziajka.
Sorainen has assisted Baring Vostok with a team led by Belarus Country Managing Partner Kiryl Apanasevich and Senior Associate Viktoryia Mikhnevich.
Involved fees earner: Kiryl Apanasevich – Sorainen; Viktoryia Mikhnevich – Sorainen; Leo Batalov – DLA Piper; Andrei Sheetkin – DLA Piper; Jon Kenworthy – DLA Piper; Dylan Kennett – DLA Piper; Casper Hamersma – DLA Piper; Diederik Schuurmans – DLA Piper; Anton Ziajka – DLA Piper;
Clients: Baring Vostok Capital Partners;