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.