Eversheds Sutherland Guides PFR on Euvic's Debt-Financed Expansion in Ukraine
Deal News | Feb 05, 2025 | CEE Legal Matters
Eversheds Sutherland, a renowned legal advisory firm, has assisted the Foreign Expansion Fund 2 FIZAN, affiliated with Polski Fundusz Rozwoju (PFR), in providing debt financing to Euvic, a Polish IT service company. This financing will support Euvic's acquisition of stakes in five IT companies based in Lviv, Kyiv, Kharkiv, and Vinnytsia, marking PFR's first project financing venture in Ukraine. The Eversheds Sutherland team handling this transaction included Partner Mateusz Dereszynski, Of Counsel Adrian Ziolkowski, and Lawyer Rafal Wlodzimierz Piasecki. Despite inquiries, Eversheds Sutherland did not provide additional comments on the transaction.
Sectors
- Information Technology
- Legal Advisory
- Financial Services
Geography
- Poland – Euvic is a Polish IT service provider, and the Foreign Expansion Fund 2 FIZAN is part of the Polish Development Fund.
- Ukraine – The acquisition targets are five companies in the Ukrainian cities of Lviv, Kyiv, Kharkiv, and Vinnytsia.
Industry
- Information Technology – Euvic and the targeted Ukrainian companies operate in the IT sector, focusing on services and software development.
- Legal Advisory – Eversheds Sutherland, a law firm, plays a crucial role in advising the financing deal.
- Financial Services – The involvement of the Foreign Expansion Fund 2 FIZAN, part of Polski Fundusz Rozwoju, signifies the financial aspect of investment and debt financing.
Financials
- Not disclosed – The amount of debt financing provided by PFR's Foreign Expansion Fund 2 FIZAN has not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Euvic | Target Company | Company | A Polish IT service provider acquiring stakes in Ukrainian IT companies. |
| Polski Fundusz Rozwoju (PFR) | Bidding Company | Company | Via its Foreign Expansion Fund 2 FIZAN, PFR is financing Euvic's acquisition in Ukraine. |
| Eversheds Sutherland | Legal Advisor | Company | Provided legal advisory for the debt financing transaction. |
| Mateusz Dereszynski | Partner | Person | A Partner at Eversheds Sutherland involved in the transaction. |
| Adrian Ziolkowski | Of Counsel | Person | An Of Counsel at Eversheds Sutherland involved in the transaction. |
| Rafal Wlodzimierz Piasecki | Lawyer | Person | A Lawyer at Eversheds Sutherland involved in the transaction. |