CEECAT Capital Acquires a Majority Stake in Gomex
April 2022, BDK Advokati
CEECAT Capital, private equity and private credit investor, has acquired a majority ownership interest in Gomex d.o.o., a leading neighborhood grocery store chain in Serbia. Gomex has approximately 2500 employees and more than 190 retail stores spread across Serbia. The investment will enable Gomex to accelerate its growth and expansion plans in Serbia.
The investment in Gomex is the first in Serbia for CEECAT Capital. With its sale to CEECAT Capital, SEAF South Balkan Fund has sold its last investment in that Fund while Gomex’s founder Mr. Goran Kovacevic remains in…
Sale of Carnex
December 2021
Carnex is a well known Serbian producer of meat and meat processed products established in 1958. The company is currently owned by MK Group, a Serbian holding company that took over Carnex in 2011.
Sale of Yumis
December 2021
Yumis is a well-known food industry company from the city of Nis which was established in 1991 as a private company. With its 200 employees, Yumis places products both on the Serbian market and on the markets of 27 countries of the world. The company is well known for the following products: soups, spices, puddings, whipped creams, teas, peanuts, Turkish delight, creams, dried fruits, and a lot more products.
DoorDash Announced its Acquisition of Wolt
DoorDash, Inc. (NYSE: DASH) has reached a deal to acquire Finnish food-delivery company Wolt Enterprises OY in an all-stock transaction valued at approximately EUR 7 billion.
Helsinki-based Wolt operates in over 180 cities across 23 European countries, including Serbia. It has over 45 000 merchant partners, 90 000 courier partners, and 12 million registered customers (June 2021 figures).
DoorDash, Inc. is an online food ordering and food delivery platform, based in San Francisco, United States. According to the annual report as of 31 December 2020, the platform served 450,000 merchants, 20 million…
ADM to acquire Sojaprotein
The Archer-Daniels-Midland Company (NYSE: ADM), an American multinational food processing and commodities trading corporation, has signed a sale and purchase agreement to acquire Sojaprotein, one of the leading soybean processing companies in Europe and leading European provider of non-GMO soy ingredients. Sojaprotein is part of Victoria Group which has been recently acquired by MK Group through debt to equity swap. It has sales into 65 countries, offering a wide array of non-GMO vegetable protein ingredients for an extensive list of European and global customers in the meat alternative, confectionery,…
Possible Sale of Adriafin, Owner of Vinakoper
July 2022
A compulsory settlement of Istrabenz Holding Company at the request of the Slovenian Bank Assets Management Company (BAMC) was approved last year. In this procedure, EUR 65 million of the company's total debt of EUR 75 million was turned into equity. Some of Istrabenz's smaller assets have been taken over by BAMC, while the remaining assets of the holding are expected to be sold gradually, and the holding then sent into liquidation or bankruptcy.
The holding's investments include a half-share in Adriafin, which owns a 78% share in the Slovenian wine producer Vinakoper (the other large…
BOYANOV & Co. Advised Mondelez International on the Acquisition of Chipita S.A.
BOYANOV & Co. advised Mondelez International on all Bulgarian law aspects in the acquisition of the Greek snacking company Chipita S.A.
NNDKP Assists AAylex Group in Securing a EUR 20 Million Financing for the Group’s Expansion in Romania and in the Acquisition of Banvit Foods Romani...
Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully assisted AAylex Group, one of the leading Romanian players in the food industry, controlled by entrepreneur Bogdan Stanca as majority shareholder, in securing the funds necessary for the Group’s expansion in Romania through the acquisition of Banvit Foods Romania.
The AAylex Group, having former enterprise Avicola Buzau as its starting point, covers various operations ranging from genetics, feed production, breeding, incubation, broiler chicken farming to slaughtering and the distribution of processed chicken meat and value-added…
SEE Legal Group Advises on Nomad Foods' Acquisition of Fortenova Group’s Frozen Food Portfolio
Nomad Foods Limited has entered into an agreement to acquire Fortenova Group’s Frozen Food Business Group for an aggregate consideration of approximately EUR 615 million on a debt-free, cash-free basis.
Competition Law Developments in Turkey in 2020
The year 2020 brought along significant developments in the field of competition law, both in Turkey and worldwide.
Sale of Chips Way
Chips Way is a well known snack producer in Serbia and one of the oldest snack brands in Serbia famous for its Chips and Gricko brands.
Sale of Frikom and Ledo
Fortenova Group, as the legal successor of former regional giant Agrokor, plans to sell its ice cream business in the region.
This includes the sale of Frikom company operating in Serbia and North Macedonia, and Ledo company operating in Croatia with its subsidiaries in Slovenia, Hungary, Bosnia and Herzegovina, Montenegro and Kosovo.
