Aleinikov&Partners Law Firm finalized the M&A transaction on acquisition of Belarus' Hi-Tech Park resident - AIMATTER company, which has built a neural network-based AI platform and SDK to quickly detect and process images on mobile devices, and a photo and video editing app that has served as a proof-of-concept of the tech called Fabby, by American giant Google.
According to experts, the deal can be called historic for the Belarusian IT industry. “This is the first time when a Google-level IT company buys a company from Belarus, rather than an intellectual property or an affiliated company in another jurisdiction,” Yuri Melnichek, AIMATTER's co-founder and chairman, noted.
Another co-founder of the company is Yuri Gursky, whose Haxus fund invested about $ 2 million in AIMATTER. Haxus also invested in MSQRD, which was acquired by Facebook last year, and Prisma, the popular app that can turn any photo or video into a “painting” using filters in the style of different artists or artistic movements.
Director of AIMATTER
Nowadays there are not so many law firms in Belarus that are able to provide quality services to support a transaction with a non-resident, whether it is M&A or purchase of IP rights. Aleinikov&Partners is considered to be a kind of “boutique” in the Belarusian legal market among the colleagues. When we imagine the “boutique” in the sphere of legal services, such features as the competence of the company, the knowledge of corporate law and the ability to solve any non-typical tasks for Belarus in the shortest terms are in the first place and company's lawyers have such competencies. Specialists of Aleinikov&Partners are not only fluent in English, but also are proficient in professional terminology. They are sociable and interesting people who will show you, how problem solving works in practice!
Aleinikov&Partners has been advising MSQRD app developer on intellectual property matters as well as corporate law and investments.
Aleinikov&Partners provided overall legal support to Quattro Capital asset manager, which invested into the Belarusian hardware startup RocketBody.