Avellum has acted as Ukrainian legal counsel to Canada Pension Plan Investment Board (CPPIB) in connection with its acquisition of an approximately 48% stake in GlobalLogic Inc. from Apax Funds. Latham & Watkins acted as the global legal advisor to CPPIB, while Avellum's advice covered matters of Ukrainian corporate law, including the structuring of employment relations with private entrepreneurs, enforceability of non-disclosure clauses in employment contracts, and intellectual property matters, in particular transfer of proprietary rights to intellectual property created by employees of GlobalLogic Ukraine LLC.
CPPIB is a professional investment management organization that invests the funds on behalf of 19 million contributors and beneficiaries. In order to build a diversified portfolio of Canada Pension Plan assets, CPPIB invests in public equities, private equities, real estate, infrastructure, and fixed income instruments.
GlobalLogic Inc. is an outsourced product developer headquartered in the USA, with 11,000 employees and significant operations in Ukraine, India, Slovakia, Argentina, Poland, and the US. The company specializes in design, mobile, embedded, big data and analytics, Internet of Things, and DevOps.
Apax Partners LLP is a prominent private equity advisory firm. It operates globally and has more than 35 years of investing experience. The firm has advised funds that total over USD 48 billion in aggregate as of September 30, 2016, and which invest in companies across four global sectors of Tech & Telco, Services, Healthcare, and Consumer.
The Avellum team was led by Managing Partner Mykola Stetsenko, supported by Associates Yuriy Zaremba, Dmytro Symbiryov, and Andrii Gumenchuk.
