Kinstellar has advised Eleven Ventures, a pioneer in early-stage investing in Central and Eastern Europe, on the investment in Cloud Office, a leading Google Cloud Partner serving 650+ customers across EMEA, with a team of 60+ engineers, through subscription of preference shares and convertible debt instrument. One of Eleven’s largest investments in a Bulgarian company to date, the funds will support Cloud Office's expansion into Greece. The team was led by Nina Tsifudina (Partner) and included Georgi Kanev (Managing Associate), Nikolay Gergov (Senior Associate), Simona Damyanova (Junior Associate).
Kinstellar is proud to have advised Ardian, one of the world’s leading private equity investment companies, on the Romanian side of the transaction for the acquisition of a majority interest in Vista Vision, a leading provider of healthcare services specialising in ophthalmic and refractive surgery. The transaction includes the indirect acquisition of 100% of the shares in two Romanian subsidiaries, Vista Vision and SIM Vision. Headquartered in Milan, Vista Vision was founded in 2003 and currently operates 12 clinics across Italy and five in Romania. The company is a leader in opthalmology healthcare, specialized in laser eye surgery for the correction of myopia and cataract surgery. Kinstellar’s legal team
Kinstellar has acted as Ukrainian legal counsel to Orbico Group on the acquisition of a controlling stake in SAV 92, a leading Ukrainian distributor of branded international and Ukrainian food and non-food products. This multi-stage transaction marks a significant step in Orbico's strategic expansion into the Ukrainian market. Orbico Group is a leading distributor of a large number of globally known brands ranging from beauty care to motor oil products. Orbico cooperates with more than 180 suppliers, manages more than 500 global and local brands, and supplies to more than 59,000 customers. Kinstellar’s advice included due diligence, securing unconditional merger control clearances for a gradual transfer of control
On 8 October 2024, the Romanian law on the use of electronic signatures, timestamps and the provision of trust services based on these ("Electronic Signature Law") entered into force. The legislation introduces a new legal framework for electronic signatures, in close alignment with Regulation (EU) No. 910/2014 on electronic identification and trust services for electronic transactions in the internal market ("eIDAS Regulation"). Particularities of the legal effects depending on the type of electronic signature used: A. Qualified electronic signature – this is a signature created by a qualified electronic signature-creation device based on a qualified certificate for electronic signatures. While the Electronic
Kinstellar has successfully advised Wienerberger on the acquisition of Betonárna Lesonice, a Czech manufacturer of concrete pavers. This strategic acquisition strengthens Wienerberger’s position in the construction and infrastructure sectors, addressing the growing demand for concrete paving and advanced sound insulation solutions in the Czech market. Kinstellar acted as legal counsel to Wienerberger, providing full-scope advisory throughout the transaction. The team was co-led by Barbara Kusak (Partner) and Michal Janíček (Counsel), with key support from Matěj Bolek (Senior Associate), Tereza Marek, Štěpán Gřešák, Matěj Korduliak (Associates), and Pavel Hrdý (Junior Associate). BDO provided financial
Kinstellar is pleased to announce that it has successfully advised A1 Srbija, a leading telecommunications company in Serbia, on the acquisition of a significant greenfield site in Serbia. A1 Group is a leading telecommunications provider in Central and Eastern Europe, offering advanced communication solutions and digital services to millions of users. Operating in multiple countries including Austria, Slovenia, Croatia, and Bulgaria, A1 Group provides mobile, broadband, TV, and cloud services. Kinstellar provided full legal support throughout the process, including the legal due diligence of the location, negotiations with the seller, signing and notarization of the purchase agreement. This transaction marks another
Kinstellar has advised Baiterek National Managing Holding JSC on the KZT 65 billion (approx. US$135 million) sale of Bereke Bank JSC to Lesha Bank LLC, the first independent Shari'a-compliant Bank authorized by the Qatar Financial Center Regulatory Authority (QFCRA), and a listed entity on the Qatar Stock Exchange (QSE: QFBQ). This significant transaction aligns with the President Kassym-Jomart Tokayev’s drive for foreign investment in Kazakhstan's financial sector. Our involvement highlights our ability to navigate complex legal frameworks, particularly when dealing with government entities. This deal continues to demonstrate Kinstellar’s strong M&A capabilities on transactions involving Kazakhstan and English
Kinstellar has successfully advised Banque Fédérative du Crédit Mutuel S.A. (owner of Cofidis Bank) on the acquisition of BNP Paribas’s Hungarian subsidiary, Magyar Cetelem Bank. This transaction exemplifies the seamless and efficient teamwork across service lines at Kinstellar's Budapest office. Kinstellar provided comprehensive assistance to Cofidis Bank throughout the entire transaction process, which included extensive corporate support, banking regulatory approvals, merger clearance, competition law considerations, and the closing of the transaction. It was an exceptionally complex deal, characterized by prolonged and detailed negotiations. The Kinstellar team in Budapest was led by Gábor Gelencsér
Kinstellar is pleased to assist KNDS, the Franco-German military land systems manufacturer, and a key industrial supporter of Ukraine’s battle against Russian aggression, on establishing a subsidiary in Ukraine to support the cooperation between the Ukrainian government, the Ukrainian armaments industry and KNDS in equipment maintenance, production of spare parts and ammunition, leading to the manufacture of complete weapons systems. Partner and Head of the Defence & Security sector, Anastasiya Bolkhovitinova, led the firm’s project team. We are proud to support KNDS Group, whose efforts are crucial to Ukraine’s ability to sustain the fight against the Russian aggressor.Anastasiya Bolkhovitinova, Partner
Kinstellar is very pleased to announce that Hugh Owen joins the Firm as a Partner, effective 1 October 2024. Hugh is a very well-known leading M&A lawyer in the Central and South Eastern European region with an impressive track record. He spent over 23 years at Allen & Overy, including 13 years as a partner. He then ran his own law firm and M&A training business for four years as a sole practitioner, closing over 20 deals with a combined value of over EUR 2.5 billion. For two years from July 2022 to June 2024 he served as Head of Legal Business Solutions for PwC CEE, responsible for the strategy for Legal in over 25 jurisdictions, including Eurasia, core CEE countries, the Baltics, Ukraine and South-Eastern
Kinstellar has successfully advised Mitiska European Real Estate Partners 3 on the acquisition of a 50% ownership interest in OP Centrum Retail 2 from OPC Group. The target of the transaction, OP Centrum Retail 2, is currently developing a retail park in Liptovský Mikuláš in northern Slovakia. Mitiska European Real Estate Partners 3 (“MEREP 3”) is a fund owned by Mitiska REIM, a leading specialist investor in European convenience real estate. Kinstellar has also recently advised Mitiska REIM on the acquisition of four other retail parks from OPC Group—including Point Skalica, Point Sládkovičovo, Point Žiar nad Hronom, and Point Veľké Kapušany—as part of Mitiska REIM’s plans to expand its retail
Kinstellar and KST Law are delighted to have advised Quexco Incorporated, a US-based diversified, private holding company with investments in the lubricants space and a rich history, previously operating in the battery industry, on its acquisition of Mutlu Akü, one of the major auto battery manufacturers in Turkey, and owner of a waste battery recycling facility, from Metair International Holdings Coöperatief U.A. (a member of Metair Group, a South African listed company). The team was led by Partner Emre Özer, supported by Senior Associate Şeyma Olğun, and Associate Sıla Şaylı. Kinstellar worked in close collaboration with Bowmans, as to South African law, throughout the transaction. Completion of the transaction is