CEE Legal Matters

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  • Spasov and Bratanov and CMS Advise on IFC and Raiffeisenbank International’s EUR 90 Million Financing for R Engineering

    Spasov and Bratanov, working with Clifford Chance, has advised the International Finance Corporation and Raiffeisenbank International on the EUR 90 million financing for R Engineering to construct a solar power park. CMS advised R Engineering.

    R Engineering is a subsidiary of Rezolv Energy.

    The Spasov and Bratanov team included Counsel Nadia Hadjova, Senior Associates Tsvetelina Lazarova and Petar Dyankov, Associates Kremena Yaneva-Ivanova and Vladimir Tashev, and Attorney at Law Krasimir Mitkov.

    The CMS team included Sofia-based Managing Partner Kostadin Sirleshtov, Partners Elitsa Ivanova and Atanas Bangachev, Counsel Borislava Piperkova, Senior Associates Konstantin Stoyanov, Diyan Georgiev, and Yavor Danailov, Associates Dian Boev and Viktoriya Dimitrova, Junior Associate Nikola Naydenov, and Lawyer Tsvetozara Kostadinova as well as Prague-based Partners Helen Rodwell and Lukas Janicek and Senior Associates Eliska Copland and Michal Samek.

  • AP Legal Advises Inn-Flex on Acquisition of Parir Print

    AP Legal has advised Inn-Flex on its acquisition of Parir Print. Sole practitioner Tomislav Stankovic reportedly advised the sellers.

    Inn-Flex is an Italian company with a portfolio of flexible packaging products used in different industries.

    Papir Print is a Serbian company operating in the areas of flexible packaging for the food industry, packaging for beverages, and pharmaceutical products.

    The AP Legal team included Managing Partner Aleksandar Preradovic and Senior Associates Dusan Preradovic and Jovan Cirkovic.

  • Schoenherr and BPV Huegel Advise on Headwall Photonics’ Acquisition of EVK DI Kerschhaggl

    Schoenherr has advised Headwall Photonics on the acquisition of Austria-headquartered EVK DI Kerschhaggl. BPV Huegel advised the sellers.

    Headwall Photonics is a US-based spectral imaging solutions and optical components company. It is a part of the Headwall Group and produces hyperspectral imaging products for airborne remote sensing, industrial machine vision, and other applications.

    EVK specializes in sensor-based sorting and inspection technologies used across the recycling, mining, food, pharmaceutical, and chemical sectors.

    The Schoenherr team included Partners Maximilian Lang, Teresa Waidmann, and Constantin Benes, Attorneys at Law Beatrix Schima, Alexander Pabst, and Nina Zafoschnig, and Associates Markus Fasching, Daniel Komarek, and Philip Staudigl.

    The BPV Huegel team included Partners Elke Napokoj, Sonja Duerager, Astrid Ablasser-Neuhuber, and Gerhard Fussenegger, Attorneys at Law Sebastian Reiter and Walter Niedermueller, and Associates Victoria Huf and Raphael Lehner.

  • Drakopoulos Advises Guy Carpenter on Full Acquisition of Carpenter Turner

    Drakopoulos has advised Guy Carpenter on the acquisition of the remaining 51.5% stake in Carpenter Turner from Noorstar Investments. Apostolos Georgiades & Associates reportedly advised the sellers.

    Guy Carpenter is a risk and reinsurance specialist and part of Marsh McLennan, a professional services firm headquartered in New York with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting.

    Carpenter Turner is a regional reinsurance broker and consultancy firm based in Athens. 

    According to Drakopoulos, by fully integrating Carpenter Turner into its operations, Guy Carpenter seeks to bolster its presence in Greece, Cyprus, the Balkans, and Turkey, aligning with its growth strategy across the region.

    The Drakopoulos team included Managing Partner Panagiotis Drakopoulos, Partners Mika Lalaouni and Georgia Konstantinidou, and Senior Associates Sofia Angelakou and Eirini Galanou.

  • Meltem Ozker Gunduz Joins GE HealthCare as General Counsel

    Former Novo Nordisk Regional General Counsel and Vice President for legal, compliance, and quality in the Asia Pacific region Meltem Ozker Gunduz has joined GE HealthCare as its new General Counsel.

    Before the move, Ozker Gunduz spent almost 15 years with Novo Nordisk, first as a Legal Affairs and Compliance Director between 2010 and 2017, then as its Regional General Counsel and Vice President for legal, compliance, and quality in the Asia, Africa, Middle East, and Oceania regions between 2017 and 2020, and finally in a similar position focusing on the Asia Pacific region between 2020 and 2024. Earlier, she worked at Herguner Bilgen Ozeke as a Lawyer between 2006 and 2010.

    “I’m thrilled to join GE Healthcare as General Counsel for the Middle East, Russia, Africa, Turkey, and CIS, especially at such a transformative time for the healthcare industry,” commented Ozker Gunduz. “GE Healthcare is at the forefront of innovation, leveraging AI and precision care to improve patient outcomes and drive efficiencies in healthcare delivery. The legal and regulatory landscape in these regions is complex and rapidly evolving, and I look forward to working closely with our teams and stakeholders to navigate these challenges while ensuring compliance and enabling growth. It’s an exciting opportunity to contribute to a company that is not only making a real difference in patients’ lives but also working towards creating a world where healthcare has no limits.”

    Originally reported by CEE In-House Matters.

  • bpv Huegel advises founder and shareholders on the sale of all shares in EVK DI Kerschhaggl GmbH to Headwall Photonics, Inc.

    The bpv Huegel team led by Elke Napokoj advised the founder and the shareholders of EVK DI Kerschhaggl GmbH (“EVK”).

    17 January 2025. The bpv Huegel team led by Elke Napokoj advised the founder and the shareholders of EVK DI Kerschhaggl GmbH (“EVK”). The bpv Huegel team provided comprehensive advice including deal structuring, contract drafting, contract negotiations and all steps up to the closing.

    EVK is an Austria-based technology company specializing in industrial sensor-based sorting and inspection systems. Among other applications, EVK’s innovative technology is used in food processing, plastics recycling and material sorting.

    Headwall Photonics, Inc. (“Headwall”), part of the Headwall Group and a portfolio company of Arsenal Capital Partners, an American private equity fund, is a global leader in high-performance spectral imaging solutions and optical components.

    EVK’s innovative hyperspectral and inductive sensor technologies as well as data analysis expertise complement Headwall Group’s existing products and commitment to advancing hyperspectral imaging applications and AI-driven interpretation software in machine vision and remote sensing markets.

    The transaction was closed on 31 December 2024.

    Advisors to EVK: bpv Huegel – Elke Napokoj (Lead, Corporate/M&A), Victoria Huf (Corporate/M&A), Sonja Dürager (IP/IT), Astrid Ablasser-Neuhuber (Competition Law), Gerhard Fussenegger (Competition Law), Sebastian Reiter (Competition Law), Walter Niedermüller (Labour Law), Raphael Lehner (Corporate/M&A).

    EVK M&A Team: Rabel & Partner GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft – Markus Pellet.

    Advisors to the Buyer: Schönherr Rechtsanwälte.

  • Brandl Talos, Herbst Kinsky, and Schoenherr Advise on Graph Therapeutics’ USD 3.1 Million Pre-Seed Financing Round

    Brandl Talos has advised Graph Therapeutics on a USD 3.1 million pre-seed financing round led by Squareone and Merantix Capital, with participation from NAVEC Investment Management and angel investors, including the Atomico Angel Program. Herbst Kinsky advised NAVEC. Schoenherr advised Squareone. Fladgate reportedly advised the Atomico Angel Program.

    Graph Therapeutics is a Vienna company focusing on AI-driven drug discovery for inflammatory and immunological diseases.

    The Brandl Talos team included Partner Stephan Strass and Associate Lara Praethaler.

    The Herbst Kinsky team included Partner Philipp Kinsky.

    The Schoenherr team included Partner Thomas Kulnigg and Attorney at Law Clemens Pretscher.

  • GKC Partners Advises Gulermak on TRY 4.845 Billion IPO

    White & Case’s Turkish affiliate law firm GKC Partners has advised Gulermak Heavy Industries Construction & Contracting on its TRY 4.845 billion IPO on Borsa Istanbul.

    Gulermak is a Turkish EPC contractor.

    According to GKC Partners, the IPO resulted in a 12.01% public float ratio. Gulermak shares were oversubscribed 3.2 times.

    The GKC Partners team included Counsel Derin Altan and Associates Sehriban Unlu and Muhammed Asula.

  • NKA Advises EPH on Acquisition of Stake in West Burton Energy

    Nedelka Kubac Advokati has advised Energeticky a Prumyslovy Holding on its acquisition of a 50% stake in West Burton Energy from TotalEnergies.

    EPH is a Czech Republic-based company investing primarily in the energy sector in Europe, founded in 2009.

    According to NKA, “West Burton Energy operates a 1.3-gigawatt gas-fired power plant and a 49-megawatt battery storage system in the UK.”

    Nedelka Kubac Advokati did not respond to our inquiry on the matter.

  • Walless Advises Indexo Real Estate Fund on Acquisition of Olimpia Shopping Center

    Walless has advised Indexo Real Estate Fund on its acquisition of the Olimpia shopping center in Riga for over EUR 40 million. 

    Olimpia shopping center is located at 5 Azenes Street in Riga, has a net lettable area of 20,991 square meters, and offers a range of sports and leisure goods in Latvia.

    Indexo Real Estate Fund is managed by Provendi Asset Management AIFP.

    The Walless team included Partners Kristine Gaigule-Saveja, Inguna Abele, and Zane Eglite-Fogele, Associate Partner Andis Ozolins, Senior Associates Zane Karklina, Baiba Krievina-Sutora, Tatjana Sinkevica, and Mara Bekere, Associate Karlis Murnieks, and Junior Associate Emils Klavs Liepins.

    Walless was not able to provide more information on the matter.