Category: Deals and Cases

Kocian, Solc, Balasitk has advised Titans Freelancers on the acquisition of a 75% stake in Bridgewater from Topelex and Jakub Konecny. Reportedly, Evan Advokatni Kancelar advised Topelex and Cerha Hempel advised Jakub Konecny.

Titans Freelancers is a Slovak company engaged in outsourcing IT specialists. Bridgewater is a Czech-based company that helps companies find suitable IT specialists and IT professionals find new career opportunities.

KSB’s team included Partner Drahomir Tomasuk, Lawyer Jan Beres, and Junior Lawyer Ondrej Siska.

Havel & Partners and Jalsovszky have advised Focus on Clever Technology on its acquisition of a 50% stake in BubbleStar and Global TS from Scorpione CZ s.r.o. Matzner et al advised the buyers as well while solo practitioner David Zavadil advised Scorpione on the deal.

According to Havel & Partners, BubbleStar CZ, BubbleStar HU Kft, the indirectly acquired BubbleStar SK, and Global TS are active in the field of “manufacturing, distribution, and sale of so-called bubble tea.”

Havel & Partners’ team included Partner Marek Losan, Counsel Natalija Traurigova, Senior Associate Vladimir Ivanov, and Paralegal Filip Pavlik.

Jalsovszky’s team included Senior Attorney Agnes Bejo and Trainee Lawyer Dora Nagy.

Matzner et al’s team included Managing Partner Jiri Matzner, Senior Associate Ondrej Durdak, and Junior Associates Josef Hlinka and Simon Mach.

Dentons has advised CPI Property Group on the EUR 2.5 billion bridge loan facility to finance its takeover offer for all outstanding shares and convertible bonds of Immofinanz AG. Linklaters reportedly advised the banks involved in the deal.

Lenders in the bridge loan facility include Banco Santander, Credit Suisse, Erste Group Bank, Goldman Sachs Bank, HSBC, Raiffeisen Bank International, Societe Generale / Komercni Banka, and UniCredit Bank.  

According to Dentons, “CPIPG announced its intention to launch an anticipatory mandatory takeover offer on December 3, 2021. Shareholders are to be offered EUR 21.20 in cash per Immofinanz share on a cum dividend basis.”

Dentons’ team included Prague-based Partner Jiri Tomola, Senior Associate Martin Mandulak, and Associate Ondrej Vales; Warsaw-based Partner Mark Segall; and further teams in Luxembourg and Munich.

Sorainen has advised Nordcurrent on the acquisition of the Ukrainian game developer Rin Games.

Nordcurrent is one of the largest video game developers and publishers in Lithuania.

According to Sorainen, “before this acquisition, Nordcurrent had been cooperating with Rin Games for eight years. During this time, Rin Games contributed to seven games developed by Nordcurrent: Sky Crew, World of Food, and more. Rin Games is currently working on a new time management game Happy Clinic, which is being tested in a number of different countries. The global launch of the game is expected at the end of January next year.”

Sorainen’s team included Partner Sergej Butov and Senior Associate Matas Maciulaitis.

Sorainen did not reply to our inquiry on the matter.

Editor’s Note: After this article was published, Sayenko Kharenko announced that it had worked alongside Sorainen on the deal. The firm’s team was led by Senior Associate Oksana Daskaliuk and included Counsel Oleg Klymchuk, Associates Ivan Chopyk and Konstantin Zablotskyi, Junior Associate Nazarii Pylypchuk, and Paralegal Anastasiia Safonova, under the supervision of Partner Oleksandr Nikolaichyk.

NNDKP has advised Safety Broker on the sale of 80% of the company’s shares to the Polish group Unilink.

Safety Broker is the largest independent insurance broker operating in Romania and in the Republic of Moldova.

According to NNDKP, “following the closing of the transaction, the minority stake will be held by Viorel Vasile (15% of shares), who will continue to act as CEO of the company and as a member of the board, and by Robert Nita (5% of shares), who will also continue to be on the board of the company.”

According to the firm, “this transaction is part of the long-term development strategy of Safety Broker, including through the exchange of experience and know-how between the company and a top international player in the field. Co-opting Unilink as a strategic partner will consolidate the company’s position, which is thus joining a strong group in CEE.”

NNDKP’s team included Partner Gabriela Cacerea and Managing Associate Madalina Panca.

NNDKP did not reply to our inquiry on the matter.

Dentons has advised EPAM Systems, Inc. on the acquisition of Optiva Media and its subsidiaries. Toda & Nel-lo reportedly advised Optiva Media on the deal.

Optics Media helps television companies around the world from engineering to operations, media and metadata management, product design and development, research, and business and technical consultancy.

According to Dentons, “the transaction included the purchase by the Spanish subsidiary of EPAM Systems (a US-based company listed on the NY Stock Exchange) of 100% of the shares of the Spanish company Consultora de Telecomunicaciones Optiva Media, S.L. which in turn wholly owns subsidiaries in Spain, Germany, and Portugal. It also included the purchase by EPAM Systems’ Colombian subsidiary of the assets owned by the Colombian subsidiary of the Optiva Media group.”

Dentons’ team included Prague-based Partner Tomas Bilek, Warsaw-based Partner Aleksandra Minkowicz-Flanek, and further teams in Spain and Germany.

Dentons has advised Futureal Investment Partners on its acquisition of the Manhattan Shopping Centre in Gdansk.

Futureal Investment Partners is a Hungarian investor belonging to the Futureal Group.

According to Dentons, “CH Manhattan offers approximately 25,570 square meters of commercial space with around 120 shops and service points, as well as restaurants, cafeterias, a multimedia library, and a modern playground. In the summertime, the property offers a Green Roof terrace with a restaurant and a sightseeing function. The total area of the investment amounts to 53,000 square meters.”

Dentons’ team inlcuded Partner Bartlomiej Kordeczka, Counsel Ewelina Klein, and Associate Adrianna Konczak.

Dentons could not provide additional information on the deal.

TGS Baltic has assisted the Akropolis Group with obtaining merger clearance from the Latvian Competition Council for its acquisition of SIA Delta Property.

Financial details were not disclosed.

According to TGS Baltic, SIA Delta Property is the owner of the Alfa Shopping Center in Riga. With this transaction, the Akropolis Group – which owns and manages the multifunctional shopping and entertainment centers Akropolis (Vilnius, Klaipeda, and Siauliai in Lithuania) and Akropole (Riga, Latvia) as well as two office buildings in Lithuania and Latvia – has added the Alfa multifunctional shopping and entertainment center (Riga, Latvia) to its portfolio.

According to the firm, “the Alfa Shopping Center was opened in 2001 and substantially renovated and expanded in 2019. The total area of the shopping center is about 154,000 square meters.”

TGS Baltic’s team included Lithuania-based Partner Dalia Tamasauskaite-Ziliene and Associate Paulius Dabulskis and Latvia-based Partner Andra Rubene, Senior Associate Mara Stabulniece-Veldruma, and Associates Vladlena Rudusane-Simica, Martins Galzons, and Kaspars Treilibs.

Filip & Company and Szecskay have advised Romania’s Digi on the EUR 625 million sale of Digi Tavkozlesi Szolgaltato in Hungary and subsidiaries Invitel, I TV, and Digi Infrastructure to 4iG. Reportedly, Freshfields Bruckhaus Deringer advised Digi as well, with Oppenheim advising 4iG on the deal.

4iG is a Hungarian Telecom group. Digi is a Romanian telecommunications company. In Hungary, Digi has developed a network of business entities employing 3,000 specialists and supporting staff.

Filip & Company’s team included Partners Alexandru Birsan and Olga Nita, Senior Associate Rebecca Marina, Associates Anca Badescu, Andrei Konya, and Lawyer Andreea Dinu.

The Szecskay team included Partners Orsolya Gorgenyi, Bence Molnar, Aniko Keller, and Katalin Szecskay and Senior Associate Gergely Benyo.

Editor’s Note: After this article was published, Oppenheim confirmed its involvement for CEE Legal Matters. The firm’s team included Partners Jozsef Bulcsu Fenyvesi, Ivan Bartal, and Peter Horvai-Hillenbrand, Senior Associate Zoltan Kolodzey, and Associate Gergely Szecsenyi.

Schoenherr has advised Slate Asset Management on the acquisition of a portfolio of real estate assets in Austria and Slovakia for approximately EUR 90 million.

Slate Asset Management is a global alternative investment platform focused on real estate.

According to Schoenherr, “the portfolio acquired by Slate Asset Management comprises approximately 66,000 square meters across nine single-tenanted assets which are let on long-term leases to OBI, one of Europe’s largest DIY operators. This acquisition further builds on Slate Asset Management’s successful track record within the essential real estate sector throughout Europe.”

Schoenherr’s team included Partners Peter Madl, Constantin Benes, and Laurenz Schwitzer, Counsel Clemens Rainer, Attorney Marco Thorbauer, and Associate Florian Weisgram.

Schoenherr did not reply to our inquiry on the matter.