M&A - Ukraine Digital News

French Quadient acquires YayPay, a US-based startups with Ukrainian roots

August 7, 2020

Last week the French company Quadient announced the acquisition of YayPay, a fintech startup with Ukrainian roots. Quadient did not disclose the amount of the deal, but YayPay co-founder Eugene Vyborov told Ukrainian tech blog AIN.UA that this full-cash transaction amounted to more than €17 million. Quadient got a 87% stake in the company while …

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BlaBlaCar completes acquisition of bus ticketing platform Busfor

December 12, 2019

BlaBlaCar, the carpooling giant born in France, is expanding to a new market segment with the acquisition of international bus ticketing platform Busfor. The deal, announced in September, has just been completed after obtaining the required antitrust permits in Ukraine, reports Kyiv Post. The terms of the agreement have not been disclosed, but it might be a non-money …

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Mergers and acquisitions in Ukraine’s IT outsourcing market

December 10, 2019

The recent weeks saw several M&A deals on the thriving Ukrainian IT service scene, driving some market consolidation. Thus InSoft Software, a company launched earlier this year by Ukrainian investment firms InSoft Partners and UFuture, increased its stake in Rozdoum (Kharkiv) and bought a controlling stake in Rademade (Kyiv). As reported by local tech blog …

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Top Russian mobile operator sells Ukrainian business

November 25, 2019

Russia’s biggest mobile phone operator MTS said on Monday it had agreed to sell its Ukrainian business to Azerbaijan’s Bakcell for $734 million. The company also said its board had approved a special dividend of 13.25 rubles ($0.21) per ordinary share, or 26.5 billion rubles ($420 million) in total. “Given the small share of our …

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Russian game giant Playrix acquires Ukrainian game studio

November 4, 2019

Last week Playrix, a global Russian-founded gaming giant, announced the acquisition of Ukrainian game studio Zagrava Games. Founded in 2003 (known as ‘Friends’ Games’ at that time), this game development service company is located in Rivne (Rovno), Western Ukraine, and employs 60 people. Its creations include ‘Greedy Bunnies,’ ‘The Hunt for Red Panda’ and ‘Chasing Chaster.’ Among its clients …

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BlaBlaCar to acquire Ukrainian-born bus ticketing platform Busfor

September 25, 2019

BlaBlaCar, the carpooling giant born in France, intends to acquire Busfor, a major international bus ticketing platform born in Ukraine. The news was reported today by Russian business daily Kommersant, which cites exchanges with BlaBlaCar’s CEO Nicolas Bruisson and Busfor co-founder Ilya Yekushevsky. The deal, which is still subject to regulatory approval, could be completed in Q4 …

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UiPath acquires Ukrainian automated process documentation startup StepShot

August 8, 2019

UiPath, one of the fastest-growing and most heavily-funded enterprise software companies in the world today, has acquired StepShot, a Lviv, Ukraine-based startup that specialises in automated process documentation. Terms were not disclosed, but AIN reports that the transaction was part cash, part equity, and that StepShot was hitting almost $500,000 in annual revenue from hundreds of customers. Startup Wise …

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Menu Group acquires Eda.ua, Ukraine’s leading food delivery company

August 5, 2019

Last week Menu Group, a UK-registered food delivery startup operating in Armenia, Georgia, and Belarus, announced it was completing of the acquisition Eda.ua, the leader in Ukraine. The terms of the deal were not disclosed. The Eda.ua team – currently 40 people – will join Menu Group’s local platform Menu.ua, which will launch this fall, …

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Ukrainian Genesis buys OLX businesses in Africa for its Jiji marketplace

April 8, 2019

Jiji, a leading marketplace for classifieds in Africa, has reached an agreement with Naspers to acquire the activities of OLX, its main competitor, on the African market, including businesses in Kenya, Ghana, Uganda and Tanzania. Jiji is a project of Genesis, a Kyiv- (Kiev-) based company which has developed a variety of Internet and mobile projects. Still …

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Israeli adtech company Perion acquires Ukrainian startup

April 4, 2019

Israeli internet company Perion is to pay $3.7 million as it acquires a Ukrainian startup which develops AI-supported ad campaign managing tools. Septa Communications, or also known as Captain Growth, consists of only eight people. The startup produces artificial intelligence that helps companies to advertise on Facebook and through Adwords. It analyzes marketing data and suggests how to …

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Yet another acquisition on Ukraine’s IT outsourcing market: Israeli Yael Group buys Acceptic

April 1, 2019

In mid-March Ukrainian software developer Acceptic was acquired by Yael Group, one of the leading IT groups in Israel. The news was reported by Ukrainian tech blog AIN.UA which refers to exchanges with Acceptic’s owners. The terms of the deal were not disclosed, but AIN quotes Acceptic owners as saying the amount was “higher than …

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US investment firm Blackstone to acquire Ukrainian-founded social casino game publisher

March 21, 2019

Blackstone, a leading global investment firm based in New York City, intends to acquire Murka Ltd and Murka Entertainment Ltd, a Ukrainian-American developer and publisher of online games and social casinos. No information about the terms of the expected deal is available. The news was reported earlier this week by Ukrainian tech blog AIN.UA, which …

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