ALUMNI Partners Advises the Founders of Swordfish Security on a Landmark Transaction for the Russian Cybersecurity Market

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Date
21.10.2026
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ALUMNI Partners acted as legal counsel to the founders of Swordfish Security, one of Russia’s largest providers of DevSecOps, AppSec) and AI Security solutions, in connection with the sale of a 42.155% stake in the group to Pre-IPO Fund 2, managed by WIM Investments, one of Russia’s largest asset management companies.

The ALUMNI Partners team provided comprehensive legal support throughout the transaction, including preliminary group structuring, preparation and negotiation of transaction documents, closing assistance, and advice on tax, commercial, employment and other aspects of the transaction. Advance Capital acted as the exclusive financial advisor to the sellers.

WIM Investments’ acquisition of a stake in the group opens up new opportunities for Swordfish Security to scale its business and accelerate the development of its product portfolio. The backing of an institutional investor will enable the group to strengthen its leading position in the Russian cybersecurity market.

Over the course of three years, the ALUMNI Partners team advised us at several stages of our M&A transaction, and I can confidently say that the experience was exceptionally positive. They know how to identify the risks that truly matter, explain their potential implications clearly, and propose practical solutions without overcomplicating the process where it is not necessary. Anton Panchenkov is a highly experienced professional with deep expertise and a thorough understanding of both the legal and business aspects of transactions. I am sincerely grateful to Anton, Aita Aduchieva and the entire ALUMNI Partners team for their work and would be pleased to recommend them for advising on complex corporate transactions
Alexander Pinaev, Co-founder and Co-owner of Swordfish Security

The ALUMNI Partners team was led by Anton Panchenkov, Partner, Corporate / M&A, and also included:

Corporate / M&A

  • Ayta Aduchieva, Senior Associate
  • Mikhail Erokhin, Senior Associate
  • Victoria Shcherba, Associate
  • Yulia Aleynikova, Junior Associate
  • Anastasia Griman, Junior Associate
  • Vladimir Lukin, Junior Associate

Tax

  • Mikhail Golovanev, Counsel
  • Elena Menshikova, Senior Associate
  • Ekaterina Subbotina, Senior Associate

Employment

  • Nadezhda Ilyushina, Partner
  • Yuri Ivanov, Counsel

Dispute Resolution and Intellectual Property

  • Anton Nefedev, Counsel

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