December 2023 – Kinstellar has successfully advised Slovenia's largest banking group, Nova Ljubljanska Banka, d.d. Ljubljana ("NLB"), on the acquisition of 100% shareholding in SLS Holdco, the parent company of Summit Leasing, a leading provider of car financing in Slovenia, and its subsidiaries, from funds managed by affiliates of Apollo Global Management and the European Bank for Reconstruction and Development (EBRD).
Completion of the transaction is subject to regulatory and anti-trust approvals and is planned for the second half of 2024.
The acquisition would make NLB the first and only financial institution in the region to cover all leasing markets of the former Yugoslavia.
Summit Leasing has a vast network of over 750 dealers in Slovenia and Croatia, as well as over 550 points-of-sale in consumer finance in Slovenia. At the end of 2022, Summit Leasing managed approximately 140,000 outstanding financing contracts with over 110,000 customers.
Kinstellar team was led by Partner Emre Özer, supported by Bianka Kovács, Associate. Kinstellar worked in close collaboration with Kavčič, Bračun & Partners of Slovenia throughout the transaction.