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Sayenko Kharenko Advises STG on Acquisition of Avid Technology

Sayenko Kharenko Advises STG on Acquisition of Avid Technology

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Sayenko Kharenko, working with Paul Hastings, has advised STG on the acquisition of Avid Technology. Sidley Austin reportedly advised the sellers.

According to Sayenko Kharenko, the transaction is structured as a merger and is expected to close during the fourth quarter of 2023, subject to Avid stockholder approval, regulatory approvals, and other closing conditions. The deal value is USD 1.4 billion.

STG is a private equity partner to companies operating in data, software, and analytics.

Avid Technology is a NASDAQ-listed American technology and multimedia company that develops digital non-linear editing systems, video editing software, audio editing software, music notation software, and management and distribution services.

The Sayenko Kharenko team included Partner Oleksandr Nikolaichyk, Senior Associates Ilhar Hakhramanov and Pavlo Kovalchuk, Associates Alina Kylymenchuk, Anastasia Bondarenko, and Nazarii Pylypchuk, and Junior Associate Dmytro Zaiachkivskyi.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com


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