21.03.2024

KWKR advised on another Software Mind acquisition in the US

Bogdan Setlak

KWKR law firm advised long-standing client Software Mind sp. z o.o. in obtaining financing and the acquisition of US company Prosoft LLC (owner of the number8 brand). The value of the transaction is almost USD 50 million.

The acquisition of Prosoft LLC is another step in the Software Mind Group’s strategy of further dynamic development, implemented with the support of its partners: Enterprise Investors fund and Ailleron, and another big step on foreign markets. The investment was financed partly with the company’s own funds and partly with a loan granted by BNP Paribas S.A., worth PLN 150 million.

It is a source of pride for us that we were able to contribute to the success of this project, guaranteeing our client not only professional legal services, but also the certainty that their interests are in the best hands. In addition, we are pleased that Software Mind, which has been working with us for several years now, is constantly growing. This motivates us to keep going and to work together even better in the future. The transaction was also an excellent opportunity for us to confirm the quality of our law firm not only on the Polish market, but also in the CEE and US regions”, comments Paulina Opiełka, partner at KWKR and corporate practice leader.

The entire corpo team of the law firm, consisting of Marcin Rudzki, Paweł Machowski, Michał Piechota, Dominika Wcisło, Jacek Kulig, Dominik Korybalski and Maciej Ziemiański, worked on the transaction under the leadership of Paulina Opiełka. Bartosz Łabęcki and Anna Bartosiak also provided their support.

Other renowned law firms also participated in the transaction, in particular Dentons, which supported the bank BNP Paribas S.A. during the negotiations, the law firm Lippes Mathias advising Software Mind in the acquisition, as well as the law firms Roetzel & Andress and Schoenherr Romania and Schoenherr Moldova, which provided legal support in the negotiation of the loan agreement.

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