ALUMNI Partners has advised Reksoft on acquiring RNT Group

ALUMNI Partners has advised Reksoft, a Russian IT company, on its acquisition of a 100% stake in RNT Group, the right holder of EPAM Systems LLC, a Russian subsidiary of the international software developer EPAM Systems Inc.

The announced deal is a landmark transaction for the IT industry in Russia. It has been approved by the state regulators in both Russia and the US and was completed in August 2023. The transaction terms do not contemplate a buy-back option. The main post-completion integration steps will take about a year, bringing the total number of employees of the join group to over 1,500. For more details in the media (in Russian): RBC, Interfax.

The ALUMNI Partners project team was led by Anton Panchenkov, Partner, Corporate / M&A, with support from the team’s key participants Mikhail Filatov, Counsel, Corporate / M&A, and Andrey Neminuschiy, Counsel, Antitrust & Competition. The team also included:

Antitrust & Competition:
Maria Bardina, Associate
Vladislav Li, Associate

Banking & Finance Practice:
Igor Zhivotov, Partner
Lira Pogodina, Senior Associate
Alexander Maslov, Associate
Tatiana Piskova, Junior Associate

Dispute Resolution & Intellectual Property:
Anton Nefedev, Counsel

Real Estate & Construction:
Inna Firsova, Counsel
Darina Morgunova, Associate
Olga Yarunina, Associate

International Trade, Forex and Customs:
Lena Belozerova, Counsel
Yana Prigoda, Junior Associate

Commercial Practice:
Egor Salmov, Associate

Earlier, in the summer of 2022, the same ALUMNI Partners team advised on the acquisition of a minority stake in Reksoft Group by Vladimir Potanin’s Interros.

Reksoft, founded in 1991, is a leading Russian developer of digital solutions for such industries as banking and finance, public sector, retail, transport, logistics, IT, telecom, media and hospitality.

EPAM Systems LLC operates today under the RNT Group brand and offers its customers technology consulting services, digital solutions development and construction of flexible and scalable platforms for high load and large number of users. It focuses on working with organisations in the financial, insurance, retail, manufacturing and other sectors.

ALUMNI Partners, a law firm with more than 20 years’ experience on the Russian legal market, represented the Bryan Cave Leighton Paisner brand in Russia until April 2022. With a total of 90+ lawyers, including 14 partners, ALUMNI Partners continues as a multi-disciplinary law firm while remaining one of the biggest legal teams in Russia, able to provide support on the full suite of legal services.