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Avellum and Weil, Gotschal & Manges Advise Cornerstone Partners on Acquisition of CoreValue

Avellum and Weil, Gotschal & Manges Advise Cornerstone Partners on Acquisition of CoreValue

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Avellum has provided Ukrainian counsel to Polish IT company Cornerstone Partners, the co-owner of IT Kontrakt, on its acquisition of CoreValue, a US-headquartered IT service provider with Ukrainian roots. Weil, Gotshal & Manges was lead counsel to Cornerstone Partners.

Cornerstone Partners is a private equity investment firm founded in 2001 that invests in private equity transactions in Poland and CEE. IT Kontrakt implements IT solutions and services for business and offers support with building IT systems. Since July 2017, IT Kontrakt has been part of Oaktree Capital Management, a global private equity fund.

CoreValue is a US-based software and technology services company with development labs across Ukraine and Poland.

The Avellum team was led by Partner Yuriy Nechayev and included Associates Dmytro Symbiryov, Yulia Chelebii-Kravchenko, and Daryna Mykhailenko.

Avellum at a Glance

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com