CMS has advised Zagrebacka Banka on the refinancing of Mlinar Group’s existing debt in connection with Bosquar Invest’s acquisition of a 67% indirect stake in the company. Savoric & Partners and A&O Shearman reportedly advised Mlinar and Bosquar Invest.
According to CMS, the transaction totaled EUR 100 million. Zagrebacka Banka, owned by Milan-based UniCredit, acted as the exclusive global coordinator, co-underwriter, and one of the lead mandated arrangers of the financing.
Mlinar, founded in Croatia, is a bakery group operating four production facilities and distributing baked goods across more than 20 international markets.
The CMS team included Croatia-based Partner Jelena Nushol Fijacko, Senior Associate Tihana Balagovic, and Lawyer Alen Ivanovic and Romania-based Partner Ana Radnev.