KWKR, working with Lippes Mathias, has advised Software Mind on obtaining a PLN 150 million financing from BNP Paribas Bank Polska and the subsequent acquisition of US-based company Prosoft in a transaction valued at almost USD 50 million. Dentons advised the lender. Schoenherr, working with Roetzel & Andress, reportedly advised on the loan agreement as well.
The Software Mind Group is a software house with operations in the European and American markets. According to KWKR, "the acquisition of Prosoft LLC is another step in the Software Mind Group's strategy of further dynamic development, implemented with the support of its partners: the Enterprise Investors fund and Ailleron, and another big step on foreign markets." The investment was financed partly with the company's own funds in addition to the PLN 150 million BNP Paribas loan.
US-based company Prosoft LLC owns and operates the Number8 brand. According to Ailleron, "Number8 has been engaged in software development for more than twenty years, providing consulting services and top-notch, carefully selected IT professionals to clients [...] number8 is headquartered in Louisville, Kentucky, in the US, and also has offices in Costa Rica and Honduras. Prosoft employs 330 high-level IT professionals."
The KWKR team included Partner Paulina Opielka, Associates Marcin Rudzki, Pawel Machowski, Michal Piechota, Dominika Wcislo, Bartosz Labecki, and Anna Bartosiak, and Junior Associates Jacek Kulig, Dominik Korybalski, and Maciej Ziemianski.
The Dentons team included Partner Bartosz Nojek, Counsel Jakub Zienkiewicz, Senior Associate Aleksandra Czyz, and Associate Paulina Surma.