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Osborne Clarke demonstrates its international reach in Eastern European success

25 Apr 2012


Osborne Clarke has advised majority owner Majgaard Limited on a significant investment by Horizon Capital in Ciklum Holding Limited.

Ciklum is a leading IT outsourcing and staffing group providing off-shore R&D and software product development services to clients globally from Ukraine, Belarus, Pakistan and Denmark.

Established in 2002, Ciklum employs more than 1,700 IT specialists with more than 150 global clients’ own software development teams.

Torben Majgaard, founder and CEO of the Ciklum group, said:"This investment, together with exciting recent recruits, will help drive the growth of the business, including into further geographies. Throughout this transaction Thomas has guided me as my trusted adviser. I have been very impressed by the tenacious hard work and expert counsel received from Osborne Clarke."

The Osborne Clarke team was led by Thomas Colmer. Assistance was provided by Tracey Wright (tax), Sue El Hachmi (incentives) and Nicola Doran (employment).

Osborne Clarke has recently been ranked 5th (by Experian Corpfin) and 10th (by Mergermarket) in their latest UK deals table (by volume) and top 50 for small and mid-cap European M&A (by Thomson Reuters).

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