SORAINEN assisted the management of Markit Holding in a management buyout from an investor holding a minority stake. The transaction was financed through a complex mezzanine structure. In addition to financing, the transaction also involved forming a joint venture with remaining investors in the company. SORAINEN advised the transaction in all stages from initial negotiations to assisting with closing. The SORAINEN team were involved in negotiations with all parties, coordinating resolution of multiple interests in the transaction.
Markit is a B2B IT procurement solution available in 28 countries across Europe and the US. Starting off in 2003 from Tallinn, Estonia, the company quickly established itself as a regional market leader in the Baltics for B2B IT purchasing and expanded rapidly to many EU countries.