Kinstellar Gen & Temizer | Özer have successfully advised Property Finder and Zingat on the sale of 100% of Zingat to hepsiemlak, and Property Finder’s subsequent share subscription into hepsiemlak. The transaction is expected to close after the approval of the Turkish Competition Authority. Property Finder is the Middle East's largest property portal and was the 100% shareholder of Zingat. Established in 2015, Zingat is one of the largest property portals in Turkey with a wide range of residential and commercial properties listed for rent and sale. Hepsiemlak is one of Turkey's major real estate buying, selling, renting and advertising platforms, under the umbrella of Doğan Holding. The team was
Kinstellar has advised Total Specific Solutions (TSS), an international Vertical Market Software group, on its entry in the Bulgarian market by the acquisition of AS Systems Ltd., a Bulgarian software company with ERP solutions for medium and large manufacturing and trading companies and pharmacies / pharmacy associations. The acquisition helps TSS strengthen its foothold in the CEE region, especially in the healthcare sector. As a global provider of IT business solutions, TSS consists of independent business units that deliver products and services to their specific vertical market segments. AS Systems Ltd. has two main product lines: Atlas, a modular ERP solution for managing business processes in a manufacturing
Kinstellar, in conjunction with DLA Piper, has advised international online research data and analytics technology group YouGov plc on the acquisition of the European Consumer Panel Business of GfK, a German market research firm, for EUR 315 million. Listed on the London Stock Exchange, YouGov has one of the world's largest research networks. Its products and services draw upon a detailed understanding of more than 24+ million registered individuals to deliver accurate, actionable consumer insights. GfK CP compasses over 100,000 households with panels across 16 European countries collecting and providing data on household purchases and insights intо the FMCG sector. The acquisition is subject to customary closing
Kinstellar, together with a lead counsel Watson Farley & Williams, have successfully advised Yanolja Cloud, a leading global provider of AI-based SaaS solutions for the hospitality and leisure industries, on the multi-jurisdictional acquisition of Go Global Travel (GGT), a B2B travel technology company that distributes its inventory of more than one million hotels and other travel products from 200 countries to over 20,000 client partners. The acquisition of GGT from AMI Opportunities Fund will give Yanolja Cloud unparalleled distribution capabilities, making it a one-of-a-kind company and allowing properties of all types, sizes, and budget ranges – and in every corner of the world – to digitize property operations.
Kinstellar has successfully advised the founder of Localazy, a Czech start-up developing a technology-agnostic platform for translation management, on significant venture capital investment and the entry of new shareholders. The transaction marks a major milestone for Localazy and highlights the growing interest in the company's innovative approach to localisation. Kinstellar advised the founder throughout the investment, including advising on the shareholder relationship arrangements. The Kinstellar team in Prague was led by Jan Juroška (Partner) working with Matěj Večeřa (Senior Associate).
Kinstellar advised UKG Inc., one of the world’s leading HCM cloud companies, on the Bulgarian law aspects of its agreement to acquire Immedis, a global payroll provider. The acquisition, subject to closing conditions, will utilise the strengths of both organisations to transform the traditionally fragmented global payroll model. Тhe Kinstellar team in Sofia was led by Corporate & M&A lawyers Diana Dimova (Managing Partner) and Denitsa Kuzeva (Senior Associate), and included Georgi Kanev (Managing Associate, IP & IT, Data Privacy), Anita Borisova (Senior Associate, Employment), Yasen Toshev (Junior Associate, Corporate and M&A), Antonia Mavrova (Partner, Real Estate) and Simeon Vachev (Senior Associate
Kinstellar has recently advised Tempo Software, a leading provider of portfolio management solutions for product development organizations, on the acquisition of Amovos, which operates the Old Street Solutions brand. Old Street Solutions is an Atlassian Marketplace Partner simplifying Jira and Confluence with their popular Custom Charts for Jira and Custom Charts for Confluence apps. The acquisition will expand Tempo’s Atlassian-based product suite providing users with easy-to-use, customizable data visualizations of Jira data, so teams can focus on getting work done quickly, not struggling with complicated corporate reporting tools. Mark Lorion, CEO at Tempo Software, said: We’re thrilled to welcome Old
Kinstellar is delighted and proud to announce the promotions to Partner of Tomáš Melišek (Bratislava), Levente Hegedűs (Budapest), Bulut Girgin (Istanbul), Anastasiya Bolkhovitinova, Natalia Kirichenko, Oleg Matiusha, Illya Muchnyk (all in our Kyiv office), and to Counsel of Dominika Bajzáthová (Bratislava). PARTNERS Tomá š Melišek, Bratislava Tomáš is the Head of the local Banking & Finance service line. He has 15 years of experience in banking and finance, focusing on project and acquisition financing as well as on financial regulations. Tomáš has substantial experience advising clients on significant financing transactions in the areas of real estate, energy, infrastructure, automotive, media
Kinstellar, working with Morgan Lewis London, has advised TAWAL, the leading integrated ICT infrastructure provider in the Kingdom of Saudi Arabia, on the local law aspects of their successful bid to acquire the tower assets of United Group B.V., consisting of more than 4,800 towers across Bulgaria, Croatia and Slovenia, for EUR 1.2 billion. The closing of the transaction is subject to customary regulatory approvals. Kinstellar assisted with due diligence, regulatory advice and local law support on the transaction documents in Bulgaria and Croatia, and ODI Law in Slovenia provided assistance on all Slovenian law aspects of the transaction. The regional team was led by Diana Dimova, Partner in Sofia. The team in Bulgaria
The recent resolution of the European Parliament on video games calls on the European Commission to take the necessary steps to bring about a European approach to loot boxes which could lead to more restrictive regulation. Kinstellar’s TMT team looked into the national framework for loot boxes in Bulgaria, Croatia, Czech Republic, Hungary, Romania, Serbia, Slovakia, Turkey, Ukraine to conclude that, while no specific local laws exist, the developments around gambling regulation should be monitored, as loot boxes have already been discussed in the context of national rules on gambling in some countries. Click on this link or the image below to read an overview prepared by our TMT experts in each jurisdiction.
Investing in crypto assets is a high-risk activity. The existing structure of the crypto market, its supervision and its participants, is currently such that it cannot guarantee the security of funds, even for the customers of the best-known and, seemingly, best-protected exchanges. Given these inherent risks, there are several aspects that should be considered when choosing an exchange. In a recent interview with Minfin.com.ua, a Ukrainian portal on finances and investments, Illya Muchnyk, Counsel in our Kyiv office, shared his views on possible ways to secure funds when investing in cryptocurrencies. Read the full article here (in Ukrainian only).
Our team in Croatia has advised former shareholders of Insite on the sale of shares to Halcom, a leading provider of innovative solutions for payment systems. Insite is an experienced and innovative supplier of CRM systems to the banking, insurance, and retail sectors. Their CRM solution has been successfully recognised for ten years by some of the largest European banks and retailers. Halcom, as a division of Juniper Group, is part of the multinational group Constellation Software Inc. Halcom plays a leading role in developing payment systems in Central and South-Eastern Europe and ranks among the top providers of innovative and secure payment and financial services. The Kinstellar team in Zagreb