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Allen & Overy advises Avenga on the acquisition of Perfectial Group

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Horn Matthias
Dr Matthias Horn

Partner

Frankfurt am Main

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Chilevych Kyrill
Kyrill Chilevych

Counsel

Duesseldorf

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Neubaum Thomas
Thomas Neubaum

Partner

Frankfurt am Main

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Weber Heike
Dr Heike Weber

Partner

Frankfurt am Main

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Harald Klett
Harald Klett

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29 November 2021

Allen & Overy has advised Avenga, an international IT and digital transformation technology group, on the acquisition of Perfectial Group.

The Ukraine-based tech company brings a team of 500 engineers and UX specialists to Avenga, helping them simultaneously satisfy steadily growing customer demands and scale their service offerings on the global market even faster. As part of the organization’s long-term strategy, this new alliance underlines Avenga’s objective to shake up the traditional IT market and establish itself as one of the top players.

Avenga is a technology partner delivering strategy, customer experience, solution engineering, managed services, and software products. With soon 3,500 professionals on board and more than 20 years of experience in IT and digital transformation, the company will maintain a total of 27 locations in Europe, Asia, and the US. Avenga is backed by funds managed by Oaktree Capital Management L.P. and Cornerstone Investment Management to expand further.

„We are very pleased to have advised Avenga comprehensively on this strategically important transaction in all relevant legal areas“, says partner Dr Matthias Horn, who led the international Allen & Overy team. „Once again, we were able to demonstrate our great strength in coordinating and advising complex cross-border transactions“.

The Allen & Overy team was led by partner Dr Matthias Horn (Frankfurt). It also consisted of counsel Kyrill Chilevych (Düsseldorf) and senior associate Dr Matthias Taggeselle (all Corporate/M&A).

Further and specialist advice was provided by partners Dr Heike Weber (Tax) and Thomas Neubaum (lead finance team), counsel Dr Mark Hallett (all Frankfurt), senior associate Dr Rauni Ahammer (Munich, all Banking & Finance) as well as associates Sven Bischoff (Tax) and Lisa Wantzen (Employment, both Frankfurt). Partner Jürgen Schindler and senior associate Benjamin Geisel (both Brussels) advised on antitrust issues. In addition, teams from the Allen & Overy offices in Luxembourg and New York were involved.
Sayenko Kharenko advised on Ukrainian law, and Ganado Advocates on Maltese law.

On the Avenga side, the deal team involved Michal Bartosz (M&A Director) and Dr Mathias Schröder (General Counsel).

It was only in the summer of this year that an Allen & Overy team advised Avenga on an important refinancing as part of its realignment.