DTB Supports Entain in the Largest Acquisition of all Times in Croatia and Wider Region

November 2022 Divjak, Topic, Bahtijarevic & Krka are proud to announce that after obtaining all regulatory approvals, Entain Plc., a global sports-betting, gaming, and interactive entertainment group, completed the takeover of SuperSport Group, the leading Croatian gaming and sportsbook operator with a 54% market share. This transaction is the largest all-time deal in the CEE region, with the value of the consideration of approximately €920 million and its implications exceeding not just Croatia, but also the entire CEE region. The acquisition was made through a partnership with EMMA Capital,…

DTB Assists PPD in Selling 50% Shares in TMF, Majority Shareholder of Petrokemija d.d.

November 2022  Divjak Topic Bahtijarevic & Krka (DTB) has assisted Prvo plinarsko drustvo, the leading subsidiary of the largest Croatian private company ENNA, in the disposal of its participation in joint venture company Terra Mineral Fertilizer Ltd. (“TMF”). TMF is the largest shareholder of the only Croatian fertilizer company - Petrokemija. The majority stake in Petrokemija has been sold to Turkish conglomerate Yildrim Group, and the completion of the transaction is subject to customary approvals of regulators in several jurisdictions. DTB has assisted Prvo plinarsko drustvo with…

SEE Legal Member Firms Advised BioIVT on the Acquisition of Fidelis Research

October 2022 Five SEE Legal member firms provided legal support to BioIVT, a leading provider of biospecimens, research models, and drug and diagnostic development services, for the successful acquisition of Fidelis Research, an 85-site clinical biospecimen collection network in Southeastern Europe with headquarters in Sofia, Bulgaria. BOYANOV & Co. coordinated the legal work of its SEE Legal partners from Divjak Topic Bahtijarevic & Krka, BDK Advokati, NNDKP, and Kolcuoglu Demirkan Kocakli. The transaction increased the scale and depth of BioIVT’s global operations by adding new…

Acquisition & Integration of G.E. Dimitriou SA in the Quest Group

September 2022 KG Law Firm advised Quest Group in the absorption and integration of G.E. Dimitriou S.A. in its group through a court-ratified rehabilitation agreement contemplating a €5mln. participation of the listed in the ATHEX Quest Holdings SA in a share capital increase of the target company.  G.E. Dimitriou engages in the business of electronic appliances importing and distributing the Toyotomi, Singer, Kerosun, and Izola brands.  The KG team was led by Theodore Rakintzis, Partner, and Penny Oikonomopoulou, Counsel.

KG Law Firm Advised Mercedes-Benz AG Group

September 2022 KYRIAKIDES GEORGOPOULOS Law Firm advised Mercedes-Benz AG Group, Stuttgart, Germany, in the signing of an agreement for the sale and transfer of all the shares of its Greek subsidiary Mercedes-Benz Hellas to the Swiss Emil Frey Group, which is the largest independent vehicle dealership network in Europe, with over 620,000 sales in 2021.  To ensure a smooth transition the change of ownership will be completed in the first quarter of 2023. The KG team was led by Theodore Rakintzis, Partner, Meletios Andrianos, Senior Associate, and Rodopi Maniati, Associate.

KG Law Firm Advised CC Beverages Holdings II B.V.

September 2022 KYRIAKIDES GEORGOPOULOS Law Firm advised CC Beverages Holdings II B.V., a wholly-owned subsidiary of Coca-Cola HBC, in the acquisition of Three Cents from S.I.C.C Holding Limited, a wholly-owned subsidiary of IDEAL Holdings SA, a publicly-listed company in Greece, in a transaction involving, among other things, two entities domiciled in Cyprus and Greece of approximately Euro 45 million value (subject to certain closing adjustments). The Company acquired is the owner of the famous super-premium mixer product line under the Three Cents brand, offering artisanal beverages crafted…

NNDKP Assists International Game Technology PLC (IGT) in the Acquisition of iSoftBet

September 2022 Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully assisted International Game Technology PLC (IGT), one of the global leaders in gaming, in a multi-jurisdictional transaction for the acquisition of iSoftBet, an online games supplier and content aggregator. The transaction included the jurisdictions of Cyprus, the Czech Republic, Malta, Romania, and the UK and the total deal value amounted to approximately EUR 160 million. NNDKP provided legal assistance with the Romanian law aspects regarding the local entity and was involved in all stages of the transaction, from…

Mercedes-Benz investment in Romania

August 2022 Mercedes-Benz is preparing a massive investment in Romania, worth nearly EUR 135 million, and has requested EUR 37 million in financial aid from the state for this purpose. In the spring, the group announced that it planned to develop some projects in Romania to switch to the production of components for electric vehicles, through major investments in the following period, according to the message transmitted to the Romanian authorities.

BOYANOV & Co. Advised Mondelez International on the Acquisition of Chipita S.A.

August 2022 After successfully advising Mondelez International (Nasdaq: MDLZ) on all Bulgarian law aspects in the acquisition of the Greek snacking company Chipita S.A. (for approximately USD 2 billion), since the beginning of this year, BOYANOV & Co. has advised Mondelēz International, Inc. on the Bulgarian legal aspects of the formal integration of the Chipita S.A.’s business in Bulgaria. It was completed at the beginning of July 2022 (press release is available here). The process was complex and involved the transfer of shares, in-kind contributions, and sales of parts of the going…

BOYANOV & Co. Advised Yara International ASA

August 2022 BOYANOV & Co. advised Yara International ASA regarding all legal matters on the sale of separate parts of Yara International ASA’s Bulgarian and Romanian business related to the provision of agricultural software services (namely the software AgroOffice). The transaction was structured as a sale of the respective parts of the going concerns of Yara Bulgaria EOOD and Yara Digital Romania SRL and was completed successfully earlier this month. BOYANOV & Co.’s team included Corporate and M&A Partner Yordan Naydenov, IP Partner Stela Sabeva, and Counsel Mihail Vishani…

NNDKP Assisted PepsiCo in Acquiring a Minority Shareholding in AQUA Carpatica

August 2022 Nestor Nestor Diculescu Kingston Petersen (NNDKP) advised PepsiCo in the transaction to acquire a minority shareholding in AQUA Carpatica, the Romanian spring water brand owned by Carpathian Springs SA company, controlled by the businessman Jean Valvis. NNDKP assisted PepsiCo in all stages and in relation to all the legal aspects of the transaction, starting with the negotiation of the head of terms and continuing with the negotiation of the transaction documentation until signing and closing thereof, including in performing a lengthy and complex due diligence process. The…

NNDKP Assists Isosport in the Acquisition of Novo Tech Group Operating a Manufacturing Plant in Oradea

August 2022 Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted Isosport, the world market leader in the field of plastic composite materials for the ski and snowboard industry, in a multi-jurisdictional transaction for the acquisition of Novo Tech Group, a leading manufacturer of high-quality plastic products. The transaction involved two production sites located in Poland and Romania (Oradea) which Novo Tech Group operates, with an additional sales location in Belgium. Through this deal, Isosport is strengthening its leading role as a market leader and industry specialist, with a growth…