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CMS Advises Solid Brain on Transactions on IT Services Market

CMS Advises Solid Brain on Transactions on IT Services Market

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CMS has advised Solid Brain sp. z o.o. and its shareholders on the sale of a majority stake of shares to IT Kontrakt sp. z o.o., a company belonging to the portfolio of the Oaktree Capital Management and Cornerstone Partners funds. Chajec, Don-Siemion & Zyto advised IT Kontrakt on the acquisition.

Krakow-based Solid Brain provides outsourcing of specialized teams of software engineers and specialists in the design, management, and development of software for large international companies.

Solid Brain will join the IT platform created by Oaktree Capital Management and Cornerstone Partners. The investment in Solid Brain is another step towards building a European capital group specialized in outsourcing IT specialists.

In 2017 Oaktree Capital Management and Cornerstone Partners acquired IT Kontrakt, creating the basis for the development of the IT platform through further mergers and acquisitions. At that time, lawyers from CMS Warsaw advised Work Service S.A. on the sale of IT Kontrakt.

The CMS team was led by Counsel Rafal Kluziak and included lawyers Jakub Szczygiel and Joanna Bialoskorska, as well as Supervising Partner Jakub Marcinkowski.

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