EY Ukraine advised Horizon Capital on its investment into IT-company Intellias

KYIV, OCTOBER 4, 2018. EY Ukraine advised the investment company Horizon Capital in connection with the acquisition of a minority stake in the IT-company Intellias.

EY's multidisciplinary team acted as an advisor to the buyer. Specifically, EY conducted legal, tax and financial due diligence on the target companies, participated in negotiations and preparation of transaction documents, and provided deal signing and closing support. In addition, EY provided support to the client in connection with obtaining the necessary permit from the Antimonopoly Committee of Ukraine.

EY Ukraine's legal team was led by Igor Chufarov, Partner, with support from Bogdan Malnev and Vitalii Pustovyi, Senior Associates, as well as Associates Daria Tkachenko and Andrii Moskaliuk.

“The sector of IT services in Ukraine keeps demonstrating positive dynamics. The attention of investment funds to Ukrainian companies indicates a steady growth of the industry. EY specialists are pleased to offer our clients the expertise and experience gained at numerous successful transaction projects in Ukraine and the world,” – commented Igor Chufarov, Partner, Tax & Law, EY Ukraine.

Intellias is a Ukrainian IT company founded in 2002, specializing in software development. Intellias is one of the leading IT companies in Ukraine; more than 1,100 employees work in the company's offices in Lviv, Kyiv, and Odesa.

Horizon Capital is a leading investment company in Ukraine, which manages private equity funds with total capital of more than US$800m.

We are pleased to remind that EY Ukraine was recognized as one of the established practices in the Corporate and M&A practice area. Two M&A deals supported by EY Ukraine in the last year are in the TOP-15 deals of 2017 by value.

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