Dentons and Cyprus-based Stelios Americanos has advised Zubr Capital on the sale by it and the EBRD of Targetprocess to tech business management solutions provider Apptio. Kirkland & Ellis advised Apptio on the deal.
Targetprocess is a product IT company founded in 2004. Its flagship product is the Agile Portfolio and Work Management system Targetprocess.
Zubr Capital is the first private equity fund management company in Belarus. Founded in 2010, the company specializes in investing in IT, Tech, and Internet businesses.
Apptio, with headquarters in Washington, USA, is a portfolio company of Vista Equity Partners, one of the largest private equity firms in the US.
Dentons’ team was led by New York-based Partner Ilan Katz.
