Ukrainian Redevelopment Fund LP, part of the fund of U.S. investor
philanthropist George Soros, plans to acquire a significant stake in the
charter capital of Ciklum IT company (Kyiv).
"The fund will acquire the stake which belongs to
Horizon Capital, as well as an undeclared part of shares held by Majgaard
Holdings Ltd. The transaction is expected to be completed by the end of
2015," the Ciklum press service reported.
The company has not disclosed the commercial details
of the deal.
The press service told Interfax-Ukraine, referring to
confidentiality, that the full composition of shareholders and their shares
have not also been announced.
Ciklum is an international company engaged in software
development and outsourcing IT services.
The company was founded in 2002 by Danish citizen
Torben Majgaard (also CEO of the company) in Kyiv. It has offices in Ukraine,
Britain, Switzerland, Denmark, Belarus, and Pakistan.
In Ukraine, Ciklum’s development centers are located
in Kyiv, Lviv, Kharkiv, Dnipropetrovsk, Odesa, and Vinnytsia.
Horizon Capital became a minority shareholder in
Ciklum in April 2012.
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