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!
Denis Aleinikov took the lead on legal defence of Blitz Team in a dispute with Wargaming, publisher and developer of the world-famous game World of Tanks. Five lawsuits have been brought to the Supreme Court of the Republic of Belarus against Blitz Team employees (former employees of Wargaming’s Minsk office) being sued for US$1.69 million altogether for violating Wargaming's exclusive rights while working on the Open Source project
The consortium of partners, including Ernst&Young, Ernst&Young Legal Services and Aleinikov&Partners law firm was chosen by the Ministry of Economy of the Republic of Belarus and the National Agency of Investment and Privatization to be a consultant on implementation of the Pilot Privatization Project in regard to OJSC «Minsk Margarine Plant» and confectionery «Konfa» (OJSC).
Aleinikov & Partners has been advised RocketBody, a Belarusian developer of a fitness tracker based on AI, in connection with Series A investment from Bulba Ventures