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CMS, Miskovic & Miskovic, BDK Advokati, Mamic, Peric, Reberski, Rimac, and Wolf Theiss Advise on Podravka's Acquisition of Companies from Fortenova Group

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CMS' Croatian affiliate Bardek, Lisac, Musec, Skoko, and Partners has advised Privredna Banka Zagreb as the leading mandated arranger, coordinator, and agent on a EUR 283 million club loan, which also included Erste & Steiermaerkische Bank, Zagrebacka Banka, and OTP Banka, for Podravka's acquisition of companies from the Fortenova Group. Podravka also received a EUR 50 million equity investment from the EBRD, following the acquisition. Miskovic & Miskovic, BDK Advokati, and Gugic, Kovacic & Krivic advised Podravka. Mamic, Peric, Reberski, Rimac advised Fortenova Group. Wolf Theiss advised the EBRD. DLA Piper reportedly advised Podravka as well.

Podravka and Fortenova are food companies.

According to Bardek, Lisac, Musec, Skoko, and Partners, "Podravka has acquired companies from Fortenova Group’s agriculture division including Belje, Pik Vinkovci, Vupik, Energija Gradec, Belje Agro-Vet, and Felix, with a total valuation of EUR 333 million. As the parent company of all Podravka Group subsidiaries, Podravka will oversee the agricultural segment through its newly established company, Podravka Agri."

Moreover, Bardek, Lisac, Musec, Skoko, and Partners reports that the EBRD investment financially supports Podravka in acquiring Fortenova Group’s agricultural segment. Podravka will hold an 84.99% stake in Podravka Agri, while the EBRD will own 15.01%."

The Bardek, Lisac, Musec, Skoko, and Partners team included Partner Jelena Nushol Fijacko, Senior Associate Relja Rajkovic, and Lawyer Alen Ivanovic.

The Mamic, Peric, Reberski, Rimac team included Partner Natalija Peric and Junior Partner Nina Ovcar.

The Wolf Theiss team included Partner Luka Tadic-Colic and Senior Associate Mateja Jelacic.

The BDK Advokati team included Partner Bisera Andrijasevic, Associates Jelena Skoric and Marija Ksenija Popovic, and Junior Associate Nina Railic.

Editor's Note: After this article was published, DLA Piper confirmed its involvement to CEE Legal Matters. The firm's team included Vienna-based Partner Marcell Nemeth, Senior Associate Christian Lielacher, and Associate John Hennenfent.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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