Sayenko Kharenko advised GoIT in the course of attracting investment from Horizon Capital
Sayenko Kharenko has acted as a legal counsel to GoIT, a Ukrainian-founded international EdTech company, in the course of attracting investment from Horizon Capital. GoIT operates as an international group of companies in educational technology business. Through its innovative online learning platform, GoIT provides educational services to students from more than 30 countries and constantly expands its presence in different regions.
Sayenko Kharenko provided full-scope legal support for the sellers and the target, including drafting and negotiating transaction documents, the assistance with execution of the documents and pre-completion assistance.
“Sayenko Kharenko provided excellent legal advice and support throughout this transaction. Their expertise in M&A deals, dedication, efficiency and readiness to work 24/7 was invaluable in ensuring a smooth process and successful outcome of this project.” – comments Mr Anton Chornyi, the CEO of GoIT.
Partner Alina Plyushch comments: “We were delighted to contribute to the success of this deal, one of the first significant investments in Ukraine’s tech sector since the full-scale russian invasion of Ukraine. It demonstrates the resilience and potential of the Ukrainian tech sector despite the challenging circumstances. We are convinced that this investment will accelerate the ongoing global expansion of GoIT in providing educational online services across the world. Thanks to the dedicated efforts and cooperation of all involved parties, we successfully negotiated all essential transactional documents and facilitated the smooth completion of the deal.”
GoIT is a leading global EdTech company with a mission to democratise engineering education for the digital professions of today and tomorrow. Founded in Ukraine, the company is actively expanding in Poland, Romania, Mexico, Colombia, the Philippines and other new countries with their educational offering, aiming to enter two new markets each year. It has helped thousands of career switchers secure jobs in the IT sector, with 850+ tech employers hiring GoIT alumni. Beyond its core business, the company launched GoITeens, a pre-college offering to boost access to high-quality STEM education and Neoversity, the pioneer online Tech Master’s programme with internationally recognised diplomas. GoIT was recognised by the Ministry of Digital Transformation of Ukraine as the #1 institution by several employed alumni as part of the IT Generation programme. GoIT is led by serial entrepreneur, managing shareholder Roman Korytskyy and CEO Anton Chornyi, a Forbes 30 under 30 protagonist.
Horizon Capital is the leading private equity firm in Central and Eastern Europe with over 29 years of investment experience, managing over $1.5 billion in assets through funds backed by over 40 institutional investors with a capital base exceeding $630 billion. Horizon Capital-managed funds have invested in over 172 companies employing more than 80,000 people in the region. This transaction marks the second investment from Horizon Capital’s latest fund, Horizon Capital Growth Fund IV (HCGF IV), oriented on fast-growing tech and export-oriented companies in Ukraine, which reached $298 million at its September closing.
Sayenko Kharenko corporate and M&A practice team working on the project was led by partner Alina Plyushch and senior associate Dmitriy Riabikin with support from associate Zarina Khalimon and junior associate Dmytro Zaiachkivskyi.