Sorainen assisted the co-investors in their equity investment in the Targetprocess company group, a highly-ranked Belarusian developer of Agile-based project portfolio management systems providing IT-solutions to over 1,000 companies from 80 countries worldwide. The company has offices in Belarus, the USA, Germany and the United Kingdom.

Zubr Capital is the first professional private firm managing private equity funds in Belarus. Targetprocess will form part of the Zubr Capital Fund I portfolio. The EBRD invested through the Venture Capital Investment Programme, a facility specialising in direct equity investment in early and growth-stage technology companies. The programme targets innovative companies with clear vision and potential from 38 countries across the Baltics, Central and Eastern Europe, and other Eurasian regions.

The Sorainen team acted as local counsel for the investors on transaction-related matters, including legal due diligence of the Belarusian entity. The team was headed by country managing partner Kiryl Apanasevich and senior associate Viktoryia Mikhnevich.