AVELLUM Advised CPPIB on Acquisition of 48% Stake in GlobalLogic Inc.

from Apax Funds

AVELLUM acted as the Ukrainian legal counsel to Canada Pension Plan Investment

Board ("CPPIB") in connection with the acquisition of an approximate 48%

stake in GlobalLogic Inc. from Apax Funds.

Latham & Watkins acted as the global legal advisor to CPPIB, while AVELLUM

advice covered matters of Ukrainian corporate law, structuring of employment

relations with private entrepreneurs, enforceability of non-disclosure clauses

in employment contracts and intellectual property matters, in particular

transfer of proprietary rights to intellectual property created by employees of

GlobalLogic Ukraine LLC.

CPPIB is a professional investment management organisation that invests the

funds on behalf of 19 million contributors and beneficiaries. In order to build

a diversified portfolio of Canada Pension Plan assets, CPPIB invests in public

equities, private equities, real estate, infrastructure, and fixed income

instruments.

GlobalLogic Inc. is one of the top-5 global outsourced product developers

headquartered in USA, having 11,000 employees with significant operations in

Ukraine, India, Slovakia, Argentina, Poland, and the US. GlobalLogic Inc.

specialises in design, mobile, embedded, big data and analytics, Internet of

Things, and DevOps.

Apax Partners LLP ("Apax Partners") is a leading private equity advisory

firm. It operates globally and has more than 35 years of investing experience.

Apax Partners has advised funds that total over USD48 bn in aggregate as at 30

September 2016. Funds advised by Apax Partners invest in companies across four

global sectors of Tech & Telco, Services, Healthcare, and Consumer. These

funds provide long-term equity financing to build and strengthen world-class

companies.

AVELLUM team working on this project was led by Managing Partner, Mykola

Stetsenko, with significant support from Associates, Yuriy Zaremba, Dmytro

Symbiryov, and Andrii Gumenchuk.