Živković Samardžić advises Pivka on debt-to-equity swap and minority shareholder buyout
Wednesday, 17 October 2018
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised Pivka perutninarstvo d.d. (Pivka), Slovenian-based joint stock company, on direct conversion of debt owed to Pivka by its Serbian subsidiary, limited liability company Pivka-S, into equity of Pivka-S, as well as on buyout of shares owned by minority shareholder and director of Pivka-S, Mr. Milutin Nikić. On the completion of the transaction, Pivka has become sole shareholder of Pivka-S, while Mr. Nikić remained sole director of Pivka-S.
Share capital of Pivka-S was increased through the debt-to-equity conversion of shareholder loan lent to Pivka-S by Pivka. As the shareholders’ equity ratio was not changed through this conversion, Share Purchase Agreement has been concluded, based on which Mr. Nikić transferred his entire share in Pivka-S to Pivka, while he will continue to run Pivka-S.
With sixty-year tradition, Pivka is one of the regional pioneers in the area of organisation of chicken meat production on the modern technological bases. It gathers some of the most well-known brands in the meat and fish industry, such as Njami, Delamaris and Pivka.
Živković Samardžić team that has advised Pivka on debt-to-equity swap and buyout of minority shareholder in its Serbian subsidiary was led by Igor Živkovski, Corporate and M&A Partner and Sava Pavlović, Corporate and M&A Senior Associate.
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Commercial Appellate Court Victory in a Shareholder Dispute for Živković Samardžić Client
Wednesday, 31 January 2018
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has secured an important victory for its client TITAN, an international cement and building materials producing group with operations in 14 countries, headquartered in Athens, Greece, in a dispute with former minority shareholders of Group’s Serbian subsidiary Cementara Kosjerić. (more…)
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Živković Samardžić advising Japanese SRA Group on setting up its presence in Serbia
Thursday, 18 January 2018
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised the SRA Group, comprising 14 operating companies and including SRA Holdings, Inc., a holding company listed on the First Section of the Tokyo Stock Exchange, on setting up its presence in Serbia.
The SRA Group, whose business scope encompasses systems development, system operations and infrastructure development, and product sales businesses in Japan and internationally, delivers services that directly enhance international competitiveness for clients aspiring to expand globally and provides outstanding, cutting edge product solutions and services from both Japan and overseas, starting with SRA’a own proprietary IP products. You can find more on business areas that SRA Group covers here, and information on the group companies here.
The Živković Samardžić team advising SRA Group was led by Igor Živkovski, Corporate and M&A Partner.
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Živković Samardžić advised Radenska, Slovenian member of Kofola Group, on winding up of its Serbian subsidiary
Tuesday, 10 October 2017
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, advised Radenska, Slovenian member of Kofola ČeskoSlovensko Group, one of the leading producers and distributors of non-alcoholic beverages in Central and Eastern Europe, on the winding up of its subsidiary in Belgrade.
Kofola ČeskoSlovensko Group is, besides the traditional markets of the Czech Republic and Slovakia where it is a leader, also present in Poland, Slovenia and Croatia. The Group operates seven manufacturing plants and employs 2,100 people . Radenska, one of the biggest mineral water producers in the Adriatic region where its name was once, and in many places still is, synonymous for mineral water, became a part of Kofola ČeskoSlovensko Group family in 2015.
The Živković Samardžić team advising Radenska was led by Igor Živkovski, Corporate and M&A Senior Associate.
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Živković Samardžić advised shareholders of Tim Kolos on the sale of 55% of shares in the company to Samsic
Monday, 28 August 2017
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, advised shareholders of Tim Kolos d.o.o, Belgrade based facility management, construction and installation services provider, on the sale of 55% of shares in the company to Samsic Holding dejavnost holdingov d.o.o, Slovenian member of French Samsic Group. (more…)
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Živković Samardžić advises South Central Ventures on a transaction involving its portfolio company Dry Tools
Tuesday, 14 March 2017
Živković Samardžić, one of the Serbia’s leading full-service independent law firms has advised South Central Ventures (SCV) on a transaction involving Dry Tools, one of its portfolio companies operating in the software developing tooling sector. Following the transaction, Silicon Valley-based Alchemy Cloud Inc., a company targeting the specialty chemicals industry with an industry-leading, cloud-based product development platform, will acquire Dry Tools’ technology platform and hire its core team, while Dry Tools will, in exchange, become a shareholder of Alchemy Cloud Inc. At the same time, SCV shall become a sole shareholder of Dry Tools.
Dry Tools is a software development company that has built robust developer tools to streamline the software delivery process. Dry Tools help development teams address rapidly evolving product needs and deliver more value to customers by allowing developers to model applications through specifications and by working in fast delivery loops.
Alchemy Cloud Inc., company behind Alchemy, a cloud-based SaaS platform for the specialty chemical industry that facilitates the commercialization of new formulations, is based in San Francisco and has offices in both San Francisco and Novi Sad, Serbia.
SCV, who manages the Enterprise Innovation Fund (ENIF), a venture capital fund focusing on highly specialized, innovative small and medium-sized enterprises in the Western Balkans, was the lead investor in dry Tools and will do its follow-ons in Alchemy. Investors into ENIF are the European Commission (EC), the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD), Kreditanstalt für Wiederaufbau (KfW) together with institutional and private investors from the Western Balkans. The EUR 40 million fund is dedicated primarily to early stage and growth investments, intended to fuel the international business expansion and growth.
Živković Samardžić has supported SCV with their earlier investments in Serbia, including the investment in Dry Tools, and City Expert, an innovative, tech driven real estate sale and rental sector startup.
“We will continue to support SCV with their investments in tech startups and are proud to be positioned firmly as the go-to lawyers for venture and growth capital clients” said Managing Partner Branislav Živković.
Živković Samardžić team that has advised SCV on the transaction was led by Igor Živkovski, Senior Associate, and included Sava Pavlović, Associate.
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Živković Samardžić advised Nestlé on Froneri ice cream joint venture with R&R
Monday, 03 October 2016
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised Nestlé, the world’s leading nutrition, health and wellness company, as a local counsel for Adriatic region, on its 50/50 joint venture with R&R Ice Cream, a leading ice cream company based in the UK.
Following the successful conclusion of the required regulatory clearances, Nestlé and R&R have completed the transaction to create Froneri, a new joint venture in ice cream, frozen food and chilled dairy. Nestlé and private equity firm PAI Partners, R&R’s owner, have equal equity interests in the joint venture. With sales of around 2.6 billion Euro, Froneri will operate in 22 countries across the world, employing around 15,000 people. As announced in April, the company will be headquartered in the UK and will have sites primarily in Europe, the Middle East, (excluding Israel), Argentina, Australia, Brazil, the Philippines and South Africa.
Globally, Nestlé was advised by Linklaters. The Živković Samardžić team successfully advising Nestlé on the Adriatic region aspects of transaction was led by Ksenija Golubović Filipović, partner and Igor Živkovski, senior associate.
“I would like to thank Verica Božić Aljinović, Head of Legal Affairs for Nestlé Adriatic Region and everyone at Adriatic Market legal team,” said Branislav Živković, Živković Samardžić managing partner. “Cooperating with both Nestlé Adriatic and the Linklaters teams on this transaction was a remarkable experience.”
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Competition clearances secured for Petrol d.d. Ljubljana in Serbia, Montenegro and Macedonia
Monday, 08 August 2016
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has obtained its client, Petrol d.d. Ljubljana, the leading Slovenian energy company and an important player on the energy field of South Eastern Europe, competition clearances in Serbia, Montenegro and Macedonia, with respect to Petrol’s acquisition of control over the Slovenian natural gas trader Geoplin. (more…)
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Živković Samardžić supports South Central Ventures with its second startup investment in less than three months
Saturday, 11 June 2016
Živković Samardžić, one of the Serbia’s leading full-service independent law firms and market leaders in venture and growth capital, continues to support South Central Ventures (SCV) with their investments in the most promising tech startups in the Western Balkans region. Less than three months after the investment in dryTools, the firm has acted again for SCV on its EUR 700,000 investment in City Expert, a Belgrade based startup that gained traction rapidly with its innovations and use of technologies in real estate sale and rental sector.
SCV manages the Enterprise Innovation Fund (ENIF), a venture capital fund focusing on highly specialised, innovative small and medium-sized enterprises in the Western Balkans. Investors into ENIF are the European Commission (EC), the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD), Kreditanstalt für Wiederaufbau (KfW) together with institutional and private investors from the Western Balkans. The EUR 40 million fund is dedicated primarily to early stage and growth investments, intended to fuel the international business expansion and growth.
Živković Samardžić team that has advised SCV on its investment in City Expert included partners Branislav Živković and Slobodan Kremenjak, senior associate Igor Živkovski and associate Ana Popović. The firm will continue to support SCV with their investments in tech startups.
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Živković Samardžić advises South Central Ventures on its investment in Serbian startup drytools
Monday, 14 March 2016
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised South Central Ventures on its investment in drytools, startup based in Novi Sad, Serbia, operating in the software developing tooling sector, helping other start-ups, product companies and software consulting companies cut costs and reduce software development time. (more…)
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