Sayenko Kharenko acts as a Ukrainian legal counsel to STG on the potential acquisition of Avid Technology, Inc. (Avid). The transaction is structured as a merger and is expected to close during the fourth quarter of 2023, subject to Avid stockholder approval, regulatory approvals and other customary closing conditions. The deal value is USD 1,4 billion.
Sayenko Kharenko team provided due diligence and transactional support on Ukrainian law matters and worked closely with Paul Hastings LLP, the lead legal counsel to STG.
STG is a private equity partner to market-leading companies in data, software, and analytics. The firm brings experience, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market-winning portfolio companies, STG creates sustainable foundations for growth that bring value to existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world-class management teams. STG’s expansive portfolio consists of more than 50 global companies.
Avid Technology Inc. is a NASDAQ-listed American technology and multimedia company that develops digital non-linear editing (NLE) systems, video editing software, audio editing software, music notation software and management and distribution services.
Sayenko Kharenko corporate and M&A team working on the transaction was co-led by senior associate Ilhar Hakhramanov and associate Nazarii Pylypchuk and included associate Alina Kylymenchuk and junior associate Dmytro Zaiachkivskyi. Senior associate Pavlo Kovalchuk supported by associate Anastasia Bondarenko advised on IP matters. Partner Oleksandr Nikolaichyk exercised general supervision of the project.
