Morgan Lewis has advised Baring Vostok on its USD 13 million investment in Mindbox. DLA Piper advised Mindbox on the deal.
Mindbox, an integrated cloud-based marketing automation platform, is one of Russia’s ten largest B2B software-as-a-service providers.
Baring Vostok focuses on private equity investments in Russia and the Commonwealth of Independent Countries across a range of sectors, including IT, consumer goods, financial services, and media and telecommunications.
According to Baring Vostok, the investment is intended for launching new products and developing existing ones, as well as for M&A. As a result of the transaction, Baring Vostok has become a minority shareholder of Mindbox, and Mindbox employees have been allocated a new option pool.
Morgan Lewis’ team was led by Moscow-based Partner Artem Tamaev and included Associate Emil Shagiakhmetov.
DLA Piper's team included Partner Leo Batalov, Senior Associate Georgy Vinogradov, and Associate Vadim Iskhakov.
