Category: News

  • Closing: Sennder’s Acquisition of C.H. Robinson’s European Surface Transportation Operations Now Closed

    On February 18, 2025, Taylor Wessing announced that Sennder’s acquisition of C.H. Robinson’s European surface transportation operations (as reported by CEE Legal Matters on August 5, 2024) is now closed.

    According to Taylor Wessing, “after all regulatory clearances were received for the acquisition of C.H. Robinson’s EST operations, Sennder [has become] one of the top 5 full truck load players in the European market with a footprint spanning over 20 locations and a team of 1,600 people.”

    As previously reported, Taylor Wessing, Stratulat Albulescu, and Moral Kinikoglu Pamukkale, working with PedersoliGattai, advised Sennder Technologies on the acquisition of the European surface transportation operations of C.H. Robinson Worldwide. HVG Law reportedly advised C.H. Robinson.

    Sennder Technologies is a European digital road freight forwarder.

    C.H. Robinson Worldwide is a provider of logistics solutions with a freight volume of USD 22 billion.

    The Taylor Wessing team included Poland-based Partners Olav Nemling and Krystian Stanasiuk, Counsel Katarzyna Matusiak, and Associate Michal Zabost, Hungary-based Partner Torsten Braner, Counsel Gabor Helembai, and Senior Associate Zsombor Lenner, Czech Republic-based Partner Thomas Rechberger and Senior Associate David Volek, as well as further team members in Germany, Netherlands, Belgium, the UK, Spain, and France.

    The Stratulat Albulescu team included Managing Partner Silviu Stratulat, Counsel Raluca Gabor, Senior Associate Bogdan Florea, and Associate Adriana Ion.

    The Moral Kinikoglu Pamukkale team included Managing Partner Vefa Resat Moral, Partner Serra Haviyo, Senior Associate Dilara Kaymaz, and Associate Selen Akgun.

  • Cobalt Advises Apollo Group on Acquisition of Shares in Lido

    Cobalt has advised Apollo Group’s Estonian subsidiary Treeland on increasing its ownership in the Latvian restaurant chain Lido AS to 96% via share acquisition from KE Projekti.

    The Apollo Group is a hospitality management company.

    KE Projekti is fully owned by Gunars Kirsons, the founder of Lido.

    According to Cobalt, the acquisition of an additional 21% of shares solidifies Treeland Group’s position as the majority shareholder. “Lido founder Gunars Kirsons will retain a 4% stake in the company but has withdrawn from the supervisory board.”

    The Cobalt team included Senior Associate Diana Zepa.

  • Oppenheim, Invicta, Havel & Partners, and Forgo, Damjanovic & Partners Advise on JRD Energo Group’s Sale of PV Plant to Obton

    Oppenheim and Invicta have advised JRD Energo Group and its co-investors on the sale of JRD’s Hungarian photovoltaic power plant portfolio with a 29.440 kilowatt built-in capacity to the Hungarian subsidiary of Obton. Forgo, Damjanovic & Partners and Havel & Partners advised Obton.

    JRD Energo Group is a Czech Republic-based investor in the renewable energy sector engaged in the development, construction, and operation of solar, battery, and wind parks in the CEE region.

    Obton is an investment and development company that targets land and rooftop owners, developers, and financial institutions with the goal of building a broad and risk-diverse portfolio of assets in the field of renewable energy.

    The Oppenheim team included Partner Peter Horvai-Hillenbrand, Counsel Zoltan Kolodzey, and Associates Patrik Pazmandi and Gergely Szecsenyi.

    The Invicta team included Managing Partner Martin Mladek and Associate Marek Plojhar.

    The Forgo, Damjanovic & Partners team included Partners Zsofia Fuzi and Reka Bali, Associate Eszter Bedo, and Trainee Lawyers Bence Spisak, Dora Kisszabo, and Matyas Komlosi.

    The Havel & Partners team included Partner Jan Koval and Managing Associate Petra Tomsu.

  • Eversheds Sutherland Advises PFR’s Foreign Expansion Fund 2 FIZAN on Debt Financing to Euvic

    Eversheds Sutherland has advised the Foreign Expansion Fund 2 FIZAN of Polski Fundusz Rozwoju on debt financing to Euvic for the acquisition of stakes in five companies operating in the IT sector in Lviv, Kyiv, Kharkiv, and Vinnytsia.

    Euvic is a Polis IT service provider.

    According to Eversheds Sutherland, this marks the PFR Group’s inaugural project financing investment in Ukraine.

    The Eversheds Sutherland team included Partner Mateusz Dereszynski, Of Counsel Adrian Ziolkowski, and Lawyer Rafal Wlodzimierz Piasecki.

    Eversheds Sutherland did not respond to our inquiry on the matter.

  • 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.

  • 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.

  • TGS Baltic and Schoenherr Advise on Bergs Timber’s Sale of Vika Wood to HS Timber’s Nextwood One

    TGS Baltic, working with Vinge, has advised Bergs Timber on the sale of its Latvian sawmill business Vika Wood to Nextwood One, part of the Austrian HS Timber group. Schoenherr advised HS Timber on the deal. Cobalt reportedly advised HS Timber as well.

    The transaction remains contingent on regulatory approval.

    According to TGS Baltic, by selling Vika Wood, one of the largest and most efficient sawmills in the Baltic region, Bergs Timber is pursuing its strategy of focusing on the production and sale of processed wood products. Vika Wood annually produces approximately 300,000 cubic meters of coniferous-sawn timber.

    The TGS Baltic team included Partner Andra Rubene and Senior Associates Anna Vaivade, Dita Busa, and Alina Lepere.

    The Schoenherr team included Partners Maximilian Lang, Christian Herbst, and Volker Weiss, Attorney at Law Beatrix Schima, and Associates Markus Fasching and Alexandru Caprau.

    Editor’s Note: After this article was published, Cobalt confirmed it advised HS Timber. The firm’s team included Partners Indrikis Liepa and Ugis Zeltins, Specialist Counsel Kristine Patmalniece, Senior Associates Elina Locmele, Agnese Gerharde, Ivo Maskalans, Inga Tenisa, Gabriela Santare, and Arturs Valdersteins, Associates Associates Krista Helmute, Vadims Zvicevics, and Armands Onzuls, and Junior Associate Gustavs Aleksandrs Klucis.

  • Dentons Advises on Sale of Photoneo to Zebra Technologies

    Dentons has advised Photoneo on the sale of its business to the Chicago-based Zebra Technologies. A&O Shearman’s London office reportedly advised Zebra.

    Slovakia-based Photoneo is a provider of industrial 3D vision, AI-powered automation solutions, and robotic intelligence software.

    Zebra Technologies is a NASDAQ-listed smart data capture technology company.

    According to Dentons, “based on a patented 3D technology, Photoneo has developed the world’s highest-resolution and highest-accuracy 3D camera, thus unlocking the full potential of powerful, reliable, and fast machine learning and also reducing training and deployment time. Following the acquisition, the Photoneo Brightpick Group will be renamed Brightpick and continue operating as an independent entity. The proceeds from this deal will enable Brightpick to accelerate its growth, develop new products, and bring its AI robots to even more customers around the world.”

    The Dentons team included Budapest-based Partner Rob Irving, Counsel Kamran Pirani, Senior Associate Sebastian Ishiguro, Associates Brigitta Kovacs and Aliz Wulcz, and Trainees Abbey Varns and Alen Gavric, Bratislava-based Partners Juraj Gyarfas and Stanislav Durica, Senior Associates Drahomir Siroky, Michal Zathurecky, and Tomas Pavelka, and Associate Erik Kozurik, as well as furhter team members in Washington, DC, and Munich.

  • BPV Braun Partners, DZP, and Dentons Advise on Creditas Group’s Acquisition of Duon from Infracapital

    BPV Braun Partners and Domanski Zakrzewski Palinka, working with Watson Farley & Williams, have advised Creditas Group on its acquisition of Duon from Infracapital with financing from Komercni Banka. Dentons advised Duon. White & Case reportedly advised Komercni Banka.

    Duon is a private gas distributor in Poland. Its assets include more than 800 kilometers of gas pipelines, 12 networks connected to the national grid, 24 LNG-based cryogenic trailers, and 20 gas regasification stations, serving over 11,000 customers.

    Infracapital is the infrastructure equity investment fund of M&G, a UK-based investment house.

    The BPV Braun Partners team included Partner David Vosol, Counsels Pavel Vintr and David Plevka, and Associate Ivana Horakova.

    The Dentons team included Budapest-based Partners Rob Irving, Pawel Grabowski, and Maciej Skoczynski, Senior Associate Sebastian Ishiguro, and Associates Aliz Wulcz and Brigitta Kovacs as well as Warsaw-based Senior Associate Beata Blaz.

    The DZP team included Partners Marcin Krakowiak and Magdalena Skowronska and Senior Associate Tomasz Kalicki.

  • Harrisons Advises EBRD on EUR 20 Million Loan to Serbia and Montenegro Air Traffic Services

    Harrisons, working with Bird & Bird, has advised the EBRD on a EUR 20 million loan to Serbia and Montenegro Air Traffic Services SMATSA.

    SMATSA is an air traffic services agency that covers the air space of Serbia and Montenegro.

    According to Harrisons, “the proceeds of the loan shall be used to finance the upgrade of SMATSA’s air navigation IT system to the latest TopSky ATC One version. This software will enhance operational capabilities, maximize runway capacity, and reduce delays, ultimately improving air traffic flow management. It will also boost SMATSA’s efficiency and lower costs by reducing delay penalties and maintenance expenses. This project will be co-financed by the European Investment Bank under a separate financing agreement between SMATSA and EIB.”

    The Harrisons team included Consultant Ines Matijevic-Papulin and Associates Mina Zeljkovic and Aleksandar Jovicevic.