AEQUO has advised Onit Inc., a leading provider of enterprise workflow automation and AI solutions, including enterprise legal management, contract lifecycle management and business process automation, on the acquisition of AXDRAFT, a Y Combinator-backed document automation company. The company helps corporate legal departments draft legal documents 10 times faster and complete contracts like nondisclosure agreements and service agreements in less than five minutes. Based in Kyiv, Ukraine, it was founded in 2017 and works with customers including Sandoz and Louis Dreyfus Company.
AXDRAFT is now AXDRAFT, an Onit Company, and will operate as an independent subsidiary. This acquisition is Onit’s third in the last 19 months and the second deal announced in 30 days.
AEQUO’s team provided comprehensive legal support in all matters of Ukrainian law, including conducting the legal due diligence of the target’s subsidiary in Ukraine, drafting the transaction documentation and assisting with the completion of the transaction. The project team is led by M&A partner Anna Babych, and included head of IT practice Mykyta Polatayko, counsel Michael Lukashenko and associates Mariia Derechina, Yelyzaveta Shram and Anna Yarega.
“We are glad to have been able to provide support to our client on such a significant deal in these challenging times. It is an honour to be involved in the unprecedented transaction demonstrating success of Ukrainian legaltech startup,” comments Anna Babych.
About the firm
AEQUO is an advanced industry-focused Ukrainian law firm made up of highly qualified, internationally recommended lawyers who work proactively to help their clients reach their business goals. Backed up by solid industry expertise and a thorough understanding of business we develop innovative strategies and provide efficient solutions to the most complex and challenging matters.
AEQUO provides integrated legal support in areas such as antitrust and competition, banking and finance law, intellectual property, corporate and commercial law, mergers and acquisitions, taxation, litigation and international arbitration, and capital markets.
The list of AEQUO’s representative clients in banking & finance industry includes leading international and Ukrainian banks, private equity houses and fintech companies, including: the European Commission, EBRD, IFC, KfW, Credit Agricole Group, ING Group, Porsche Finance Group, Reiffeisen Bank International, NCH Capital, Dragon Capital, Soros Fund Management, EMSO Asset Management, Allrise Capital Inc., Alma Stone, Fairo LLC, Supplier Plus, etc.
AEQUO has been named the Most Innovative Law Firm of the Year in Ukraine by IFLR Europe Awards 2018, Law Firm of the Year in Russia, Ukraine and the CIS by The Lawyer European Awards 2017 and one of the most innovative law firms in Europe according to the FT Innovative Lawyers (Europe) 2015-2020.
