DLA Piper has advised Baring Vostok, a private equity fund investing in Russia/CIS, on its acquisition of a minority stake in Itransition, a Belarusian software solutions developer and IT services provider. The seller, Firestrong Ltd., was represented by Baker Botts.
According to DLA Piper, ”the partnership’s main focus will be on strengthening Itransition’s foothold in its key markets of the European Union and the United States. Founded 20 years ago, Itransition has become one of the leading Belarusian software developers, with offices located in Belarus, Russia, the UK, and the US. The company employs around 2,000 staff.”
DLA Piper’s team was led by Moscow-based Partner Leo Batalov, supported by Senior Associate Andrei Sheetkin. The UK team was led by Partner Jon Kenworthy, alongside Associate Dylan Kennett. The Amsterdam team was led by Partner Casper Hamersma, supported by Associate Diederik Schuurmans and Associate Anton Ziajka from the US.
Baker Botts's Moscow-based team included Partner Maxim Levinson and Senior Associate Dmitry Kolomeets. The London team was led by Partner Derek Jones, and the Washington D.C. team was led by Partner Don Lonczak.