Kinstellar’s team in Serbia, together with global law firm Paul Hastings, has successfully advised Deutsche Bank, Alpha Bank, UniCredit, and UniCredit Bank Serbia on a EUR 205 million financing for global investment firm Actis in relation to their acquisition of a carved-out tower portfolio from Telekom Srbija, a leading telecommunications operator in the Central and Eastern European (“CEE”) region. The carved-out portfolio is comprised of approximately 1,800 macro towers across Serbia, Bosnia & Hercegovina, and Montenegro. Kinstellar’s team, led by Petar Kojdić (Partner) and Mina Srećković (Managing Associate), played a pivotal role advising on the financing aspects of this transaction. Our
Kinstellar is pleased to announce that Claudia Popescu has joined the firm’s Bucharest office as Special Counsel in its Corporate M&A practice. Claudia will strengthen the office’s capabilities and will generate further support for the team in responding to the growing need for corporate and M&A projects in Romania. Claudia Popescu is specialized in M&A, Corporate and Private Equity and has more than 20 years of experience in strategically advising reputable companies on acquisitions and divestments, mergers, intra-group restructurings, regulatory and commercial matters, public offerings of securities, private equity, privatisations and other investment-related matters, including in regulated sectors.
Kinstellar advised Evelixon Trading Limited on the acquisition of a 100% share in the project company Grand Wind Park from Windvision Serbia Holding. The project, known as the WN NBT WIND 1 wind farm, is currently in the early stages of development. Located in the city of Pančevo, the farm is planned to have an installed power capacity of 120 MW. Evelixon Trading Limited has a few projects in their portfolio in Serbia in the early stages of development or nearing "ready-to-build" status. Kinstellar’s team provided comprehensive legal advice throughout the transaction – performing a legal due diligence, drafting the transaction documents - including the SPA, and assisting with the signing and closing processes.
Kinstellar’s Prague office has successfully advised the owners of Hair Servis, a major distributor of hairdressing brands to the Czech market, on its sale to Bezvavlasy, the second-largest seller of hair cosmetics in the Czech Republic. The value of the transaction is CZK 530 million, with part of the purchase price to be paid by the sellers receiving newly issued shares in Bezvavlasy, traded on the Prague START market. Kinstellar advised the sellers throughout the transaction, including advising on post-closing shareholder relations and deal structuring. The Kinstellar team was led by Kamil Blažek (Partner) and Matěj Večeřa (Senior Associate), assisted by Paul Válka (Junior Associate) on corporate matters
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
Kinstellar has successfully advised S IMMO AG, a real estate investment company, on the sale of Eurocenter, one of its office buildings in Zagreb, to Atlantic Grupa d.d. The transaction, which was carried out by way of a share deal, has an asset value of EUR 26.5 million. Eurocenter has been part of S IMMO AG’s commercial property portfolio since 2008. The centrally located, six-storey modern building features around 9,000 sqm and counts IBM, Atlantic Grupa, EBRD, and the Polish, Irish and Finnish embassies among its tenants. The Kinstellar team was led by Andrijana Kaštelan, Managing Associate, and included Duško Žurić, Partner, Senior Associates Tena Pajalić and Matea Sekur, as well as Kristina Marinov
Kinstellar’s Prague office has successfully advised Genesis Private Equity Fund III (GPEF III), from the established private equity group Genesis Capital, on the sale of SANBORN, a key supplier of precision components and specialised parts for the power generation, oil & gas and transportation industries, to industrial group Oriens. Sanborn manufactures and supplies critical components for the world’s leading manufacturers of generators and turbines, energy companies and transportation, mainly from special steel alloys. The company’s key clients include leading international industrial conglomerates such as GE, Siemens, Wabtec, Technip FMC, and OneSubsea. The company expects revenues in 2023 of over CZK
Kinstellar has successfully advised Chinese investors CMC Capital, a member of China National Technical Import and Export Corporation group (“CNTIC”), and Shanghai Electric Power & Energy Development Limited (“SEP”) on the acquisition of 100% of the shares in Crni Vrh Power d.o.o., a project company developing a 150 MW onshore wind farm in the eastern Serbian municipalities of Bor, Žagubica, and Majdanpek. The Crni Vrh wind farm was purchased "ready-to-build"—which means that all essential permits and land rights were secured prior to the start of the construction phase, which includes 28 wind turbines. With this acquisition, CNTIC and SEP have entered Serbia’s renewable energy sources (RES)
Kinstellar has successfully advised AIK Banka on the competition law aspects of the EUR 280 million acquisition of 100% of Eurobank Direktna Beograd. The transaction closed in November upon receiving the necessary regulatory approvals, including competition clearances. AIK Banka is a prominent financial institution with a strong presence in the banking sector. Committed to excellence and strategic growth, AIK Banka's recent acquisition strengthens its position as a key player on the Serbian market.The acquisition of Eurobank Direktna represents a significant milestone, underscoring the consolidation trend within Serbia's banking sector and is one of the largest transactions of this kind in the sector. Kinstellar's
Kinstellar has successfully advised S IMMO AG, a real estate investment company, on acquiring a property portfolio in the Czech Republic from CPI Property Group. The property portfolio comprises 11 office and retail properties, as well as development land. The transaction's property value is EUR 481 million, with an annual rental income of approximately EUR 29 million. Klára Štěpánková, Partner and the Co-head of the firm-wide Real Estate sector and Real Estate, Construction & Planning services added: We are thrilled to have advised S IMMO AG on this large and complex portfolio transaction and assist them in further expansion in the Czech Republic. The Kinstellar team was led by Klára Štěpánková
Kinstellar, together with Veil Jourde as lead counsel, has successfully advised Jacquet Metals, a European leader in the customisation and distribution of specialty metals, on the multi-jurisdictional acquisition of several distribution companies from Swiss Steel Group, a world leader in the production of specialty long steel. Kinstellar provided a full range of legal services to support the transaction, including due diligence and regulatory advice covering several Central and Eastern European countries. We also provided transactional advice, with a focus on the local law requirements arising in connection with the negotiation of the SPA and the completion of the transaction. The Kinstellar team, including
Kinstellar has successfully advised Siemens Mobility on the acquisition of the Slovak company HMH, a leading regional producer and innovator of railway security solutions. Siemens Mobility, part of the Siemens multinational conglomerate, has been a leader in transport solutions for more than 160 years. It offers a comprehensive portfolio through its five business units: Rail Infrastructure, Turnkey, Rolling Stock, Customer Services and Intelligent Traffic Systems. HMH is a Slovak-based technology company and producer of the MIREL national train protection system for Slovakia, the Czech Republic, Hungary, and Poland. Designed as a harmonised system with an interface according to European rail standards, MIREL