articles | 04 March 2021 | Stelios Americanos & Co LLC

Cloud-based IT management company Apptio has acquired enterprise agile planning start-up Targetprocess

Stelios Americanos & Co LLC has joined Dentons New York in assisting Zubr Capital and the European Bank for Reconstruction and Development (EBRD) in a multimillion transaction in relation with their exit from the investment in Enterprise Agile Planning company Targetprocess, following its purchase by Apptio, a leading provider of technology business management solutions.

The U.S law firm of Kirkland & Ellis advised Apptio on the transaction.  Our firm was engaged in providing legal advice and assistance as to the securities purchase agreements between the parties, drafting and negotiating, the documents required to be delivered by the sellers, the approvals and consents required at the level of the investors in Targetprocess and coordinated the closing at the Cyprus level both at the stage of sale to Apptio and subsequent exit of EBRD and Zubr.

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