News

Chadbourne Represents Horizon Capital In Acquisition of Ciklum

April 26, 2012

Chadbourne & Parke LLP represented Horizon Capital in its acquisition of a minority stake in Ciklum, an innovative IT company based in Ukraine.

The deal, announced on April 24, 2012 is the first investment of Horizon Capital into the fast-growing IT sector in Ukraine and will enable Ciklum to strengthen its leading position in the market. Ciklum is an IT outsourcing company specializing in nearshore software development in Ukraine, Belarus and Pakistan with over 160 clients globally. It has a unique business strategy, taking care of all operational issues to enable its clients to work directly with high-skilled developers and creating mutually beneficial long-term partnerships as a result. Chadbourne has been proud to assist Horizon Capital with its investment into this exciting business.

The Chadbourne team was led by the Kyiv managing partner Jaroslawa Johnson, counsel Olena Repkina and London-based partner Charez Golvala, with a team of associates providing key input on a range of topics, including competition, tax, employment and IP: Tetyana Dovgan, Maryna Golovko, Anna Putintseva, Anna Iakubenko and Alexandra Neovius.