CEE Legal Matters

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  • KWKR and Cobalt Advise on Radix Ventures’ Investment in Naco Technologies

    KWKR and Cobalt have advised Luxembourg-based investment fund Radix Ventures on its investment in Naco Technologies.

    According to KWKR, Naco Technologies is a Latvian company specializing in the development of hydrogen technologies (production of nano-coatings for green hydrogen systems). “This investment was part of the company’s next round of funding and amounted to EUR 1.5 million.”

    The KWKR team included Partner Paulina Opielka and Senior Associate Rafal Wilinski.

    The Cobalt team included Latvia-based Partner Indrikis Liepa, Senior Associates Elina Locmele, Agnese Gerharde, Gabriela Santare, and Ivo Maskalans, and Associates Krista Helmute and Vadims Zvicevics.

  • PeliPartners Advises Argo Capital Property on Sale of Shopping City Suceava

    PeliPartners has advised the Argo Capital Property group on the sale of the Shopping City Suceava mall.

    Argo Capital is a real estate investment firm.

    According to PeliPartners, Shopping City Suceava was established in 2008 and has a leasable area of over 43,000 square meters. 

    The PeliPartners team included Partners Oana Badarau and Carmen Peli and Associate Delia Lepadatu.

    PeliPartners did not respond to our inquiry on the matter.

  • E+H Advises 3i Group on Investment in OMS Pruefservice

    E+H, working with Willkie Farr & Gallagher, has advised 3i Group on its investment in OMS Pruefservice.

    OMS Pruefservice is a DACH-region testing provider focused on electrical safety and equipment for B2B clients. 

    OMS, headquartered in Lorch-Waldhausen, Germany, conducts electrical testing for offices and manufacturing facilities as well as e-mobility infrastructure and photovoltaic systems. According to E+H, OMS, with over 900 employees in 43 locations across Germany, Austria, and Switzerland, leverages its proprietary software platform – Inspektra – to streamline and automate testing processes.

    The E+H team included Partners Philipp Schrader, Dieter Thalhammer, Judith Feldner, and Georg Knafl, Attorneys at Law Felix Frommelt and William Redl, and Associates Yvonne Handler, Paul Rois, Franziska Egger, Lucilla Kinga Laszlo, Yvonne Wohlmuth, and Laura-Sophie Polzhofer.

    E+H did not respond to our inquiry on the matter.

  • CK Legal and Lesniewski, Borkiewicz, Kostka & Partners Advise on Untitled Kingdom’s Sale of Assets to Monterail

    CK Legal Chabasiewicz Kowalska has advised Untitled Kingdom on the sale of its assets to Monterail. Lesniewski, Borkiewicz, Kostka & Partners advised Monterail.

    Untitled Kingdom has more than 13 years of experience in the medtech and femtech industries. 

    Monterail is a software development company. According to CK Legal, as a result of the transaction, Monterail has “gained an extensive portfolio of over 75 healthcare applications.”

    The CK Legal team included Founding Partner Agata Kowalska, Managing Partner Magdalena Golonka, Head of IP Ewa Helena Kaminska, and Senior Associates Anna Pandel and Maria Skalska.

    The Lesniewski, Borkiewicz, Kostka & Partners team was led by Managing Partner Grzegorz Lesniewski.

  • Clifford Chance Advises Allwyn on Acquisition of Novibet Gaming Services

    Clifford Chance has advised Allwyn on its acquisition of a majority controlling interest in Logflex MT Holdings Limited.

    Allwyn is a multinational lottery operator.

    Logflex MT Holdings Limited is the parent company of subsidiaries operating under the Novibet brand. Novibet is an online operator with a technology platform spanning multiple jurisdictions. 

    According to Clifford Chance, the transaction further enhances Allwyn’s presence in online sports betting and gaming, building on the company’s focus on selective acquisitions that strengthen product offerings and technological capabilities. Allwyn will integrate Novibet to continue innovating in casual gaming entertainment and expand its portfolio of gaming services.

    The Clifford Chance team included Prague-based Managing Partner Milos Felgr, Counsels Michal Jasek and Dominik Vojta, Senior Associates Tomas Prochazka, Hana Cekalova, Veronika Kinclova, and Stanislav Holec, and Associates Tomas Kubala and Nikola Svobodova as well as further team members in Munich and London.

    Clifford Chance could not provide additional information on the matter.

  • Sayenko Kharenko Advises on EUR 370 Million Project Finance for Expansion of DTEK’s Tyligulska Wind Farm

    Sayenko Kharenko has advised the Export and Investment Fund of Denmark and additional banks on a EUR 370 million project finance facility for the expansion of DTEK’s Tyligulska wind farm. 

    According to Sayenko Kharenko, with DTEK financing the remaining project costs, the total investment stands at EUR 450 million, making it the largest private sector investment in Ukraine since Russia’s 2022 invasion and the biggest private investment to date in the country’s energy sector. The financing, backed by a guarantee from EIFO, will facilitate the purchase of 64 wind turbines from Vestas. DTEK plans to quadruple the wind farm’s capacity from 114 megawatts to 500 megawatts, boosting its turbines from 19 to 83. Once fully operational, Tyligulska is expected to generate 1.7 terawatt-hours of electricity annually – sufficient to power 900,000 Ukrainian households.

    In 2021, Sayenko Kharenko advised DTEK Renewables on the construction of the Tiligulska Wind Park (as reported by CEE Legal Matters on March 18, 2021).

    The Sayenko Kharenko team included Partners Anton Korobeynikov and Igor Lozenko, Counsel Tymur Enkhbaiar, Senior Associates Oles Trachuk, Natalia Hutarevych, and Taras Bondarenko, Associates Vladyslava Mitsai, Natalia Khmelovska, and Yevgen Koval, and Junior Associates Victoria Chorna and Maksym Kysil.

    Sayenko Kharenko could not provide additional information on the matter.

  • A&O Shearman and Gedik & Eraksoy Advise Joint Bookrunners on Turkiye Is Bankasi’s USD 500 Million Additional Tier 1 Bond

    Allen & Overy Shearman Sterling and its Turkish affiliate Gedik & Eraksoy have advised the joint bookrunners on Turkiye Is Bankasi’s debut international Additional Tier 1 bond issuance, raising USD 500 million.

    According to Gedik & Eraksoy, the bond, with a 9.125% coupon rate, marks the first international issuance from Turkiye in 2025 and received strong demand from a diverse global investor base.

    The Gedik & Eraksoy team included Partner Umut Gurgey, Senior Associate Dilsah Gurses Erulutekin, and Associate Melis Yilmaz Diler. 

    The A&O Shearman team included Paris-based Partner Diana Billik and London-based Partner Jamie Durham.

    Gedik & Eraksoy did not respond to our inquiry on the matter.

  • Integrites Advises KNDS on Defense Joint Venture for Gepard Systems in Ukraine

    Integrites has advised German-French defense contractor KNDS on a joint venture with a Ukrainian partner to maintain, refurbish, and overhaul Gepard self-propelled air defense systems.

    According to Integrites, the venture will establish service facilities on Ukrainian territory – crucial for reducing logistics costs and turn-around time, thereby rapidly returning serviced Gepards to active use by Ukraine’s Armed Forces.

    KNDS established its presence in Ukraine in 2024 (as reported by CEE Legal Matters on October 7, 2024).

    The Integrites team included Senior Partners Julian Ries, Illya Tkachuk, and Vyacheslav Korchev, Partner Viktoriya Fomenko, Counsels Nataliya Kovalyova and Vasyl Yurmanovych, and Junior Associate Diana Kostina.

    Integrites could not provide additional information on the matter.

  • Wolf Theiss Advises Constellation Capital on Acquisition of EVS Group

    Wolf Theiss, working with Arqis, has advised Constellation Capital on its acquisition of Exportverpackung Sehnde Group, including the Polish entity Export Pack Polska.

    According to Wolf Theiss, the transaction expands Constellation Capital’s ARCA Group, a wooden packaging and services provider in the DACH region, further into Northern Germany and Poland. Constellation Capital’s ARCA Group plans to develop a network of wooden packaging and packaging service companies throughout Europe. The EVS Group comprises Exportverpackung Sehnde and Export Pack Polska, employing approximately 120 people in Sehnde, Hannover, and Zabrze.

    The Wolf Theiss team included Partners Peter Daszkowski, Bartosz Kuras, and Karolina Stawowska, Counsels Agnieszka Nowak-Blaszczak, Adrian Krzyzanowski, and Jakub Pietrasik, Consultant Izabela Wiewiorka, Senior Associate Michal Zajaczkowski, Associates Oliwia Pecht, Kinga Kluszczynska, and Izabela Derylo.

    Wolf Theiss did not respond to our inquiry on the matter.

  • TGS Baltic Advises Clear Channel Outdoor Holdings on USD 625 Million Sale of Europe-North Business to Bauer Media Group

    TGS Baltic has advised Clear Channel Outdoor Holdings on the sale of its Europe-North out-of-home advertising segment to Bauer Radio Limited. Squire Patton Boggs, AG Law Limited, Cirio Law Firm, Kromann Reumert, Wikborg Rein, Castren & Snellman, Perez-Llorca, Reichlin Hess, Reed Smith, Deloitte and Herbert Smith Freehills, CMS, Norton Rose Fulbright, and Paczewski Tropaczynski reportedly advised the sellers as well.

    The transaction, with an expected value of USD 625 million, pending adjustments, remains contingent on regulatory approvals.

    Bauer Radio Limited is a subsidiary of Bauer Media Group, a European media business focused on print, digital publishing, audio, and entertainment.

    Clear Channel Outdoor Holdings operates in the out-of-home advertising industry.

    The TGS Baltic team included Lativa-based Partner Andra Rubene and Senior Associates Kaspars Treilibs and Rudolfs Vilsons, Estonia-based Partner Kadri Kallas, Counsel Maris Vutt, and Associates Helena Kuuse and Mirko Kikkamagi, and Lithuania-based Partners Dalia Tamasauskaite-Zliene and Associates Auguste Linauskaite and Ruta Tikuisyte.

    TGS Baltic did not respond to our inquiry on the matter.