Soros Ukrainian Development Fund Invests in Ciklum

January 13, 2016

The fund makes targeted investments that have the potential to promote economic and social development in Ukraine.

Willkie recently represented Soros’s Ukrainian Redevelopment Fund LP in its acquisition of a significant equity stake in Ciklum Holding Limited, a leading global IT service provider with operations in the Ukraine and throughout Europe and Asia.

Ciklum is a leading global software engineering and solutions company delivering software engineering excellence to Fortune 500 and fast-growing organizations across various industries. The company’s more than 2,500 developers are located in delivery centers around the world, providing a range of services including extended software development teams, quality assurance, research & development, product development and engineering consulting.

The Ukrainian Redevelopment Fund is a private investment vehicle that focuses on special situations and private equity investments in Ukraine and companies with significant operations in Ukraine. As part of its investment process, the Fund endeavors to make targeted investments that have the potential to promote economic and social development in Ukraine. The principal investment adviser to URF is Soros Fund Management LLC, a private investment advisor to a number of private investment funds that are managed exclusively for Soros family clients.

The Willkie deal team was led by partner Maurice Lefkort and included partners Richard Reinhold and Mark Holdsworth, as well as national partner Adrien Giraud; associates Julian Golay, Vanida Narrainen, Hyejin Jennifer Kim, Kapiljeet Dargan, and Bradley Brown; and law clerk Aaron Savella.