Baker McKenzie has advised the shareholders of Depositphotos on the USD 85 million sale of the company to VistaPrint.
The sold portfolio includes Depositphotos’ subsidiary Crello.
Founded in 2009, Depositphotos is a stock photography platform, featuring over 220 million licensed stock photos, graphics, vectors, and videos in its library. In 2017, the company launched the online design tool Crello, which allows the creation of animated videos, web banners, social media posts, email headers, and other formats for web and print.
VistaPrint is a global printing, design, and marketing service provider, operating since 1995.
The Baker McKenzie team included Kyiv-based Partners Viacheslav Yakymchuk and Oksana Simonova, Counsel Andrii Moskalyk, and Senior Associate Olga Mikheieva, Palo Alto-based Partner Lisa Fontenot and New York-based Associate Gwen Karanadze.
Baker McKenzie did not respond to our inquiry on the matter.
Editor's Note: After this article was published, CEE Legal Matters learned that Kinstellar, working with DLA Piper in the US, advised Vista on Ukrainian law. The Kinstellar team included Co-Managing Partner Margarita Karpenko, Partner Galyna Zagorodniuk, Counsels Anastasiya Bolkhovitinova and Natalia Kirichenko, Senior Associate Maksym Tesliar, Associates Ivan Shatov, Olena Stanishevska, Danylo Rudyk, and Inna Koval, and Junior Associate Tetiana Kostiuk.
