Sorainen has advised Zubr Capital and the EBRD in their equity investment in the Targetprocess company group, a Belarusian developer of Agile-based project portfolio management systems.
With offices in Belarus, the USA, Germany, and the UK, Targetprocess provides IT solutions to over 1,000 companies worldwide.
Zubr Capital is the first professional private firm managing private equity funds in Belarus. Targetprocess will form part of the Zubr Capital Fund I portfolio.
The EBRD invested through the Venture Capital Investment Programme, a facility specializing in direct equity investment in early and growth-stage technology companies. According to Sorainen, the program "targets innovative companies with clear vision and potential from countries across the Baltics, Central and Eastern Europe, and other Eurasian regions."
The Sorainen team was headed by Country Managing Partner Kiryl Apanasevich and Senior Associate Viktoryia Mikhnevich.
Sorainen informed CEE Legal Matters that it was not able to provide any additional information.