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Hot Practice: Lovro Gasparac on Savoric & Partners’ Corporate/M&A Practice in Croatia

Hot Practice: Lovro Gasparac on Savoric & Partners’ Corporate/M&A Practice in Croatia

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The IT and Telecommunications sectors have been the main source of work for Partner Lovro Gasparac’s Corporate/M&A team at Croatia's Savoric & Partners in the first half of 2020, and he expects that to continue going forward.

“The M&A team started off the year quite busy,” Gasparac reports. “We had a number of ongoing M&A projects keeping us busy and a good few ones started early in the year.” That was all “severely disrupted” by the pandemic, he says, but “now, after the summer, things seem to be coming back to normal and we hope the uncertainty won’t continue to block too many deals moving forward.”

Gasparac reports working on several ongoing international projects, especially in IT, telecommunications, and related industries. “At the beginning of the year we closed a transaction whereby Mid Europa merged its portfolio company, CMC Iletisim ve Cagri Merkezi Hizmetleri A.S., with Meritus Upravljanje d.o.o.,” he says, adding that Mid Europa is hoping to “leverage this transaction to make a bigger push into the CEE and SEE regions.”

“Another hot story” he says, was the investment by One Equity Partners, advised by Savoric & Partners, in Croatia's Infobip software company. As a result of the deal, Infobip became the country’s first unicorn.

And, according to Gasparac, his team was also involved in the deal that was announced in early September by which Exclusive Networks acquired the entire CEE operations – covering ten countries – of Veracomp.

On the sale side, “one of the deals we were working on was unfortunately disrupted when the lockdown kicked in,” Gasparac says, but a different one is in the final stages, and he hopes to see it announced soon. Both of these deals, he reports, involve strategic investors who are looking at the same TMT sector targets.

Gasparac suspects that interest in this particular field has been driven by targets “developing software that is internationally recognized and globally-scalable.” And he expects this to continue to fuel the practice’s pipeline in the near future as well. “There are still a good number of local players who are recognized internationally," he says, "so we expect the focus on these as potential targets to continue, especially now after it has been quiet for some time. I only hope we’ll all learn to adapt to this climate and carry on with our regular activities.”

Croatian Knowledge Partner

Čipčić-Bragadin Mesić & Associates is one of the leading law firms in Croatia that serve companies, credit & financial institutions and public entities. We have been recommended and recognized as the legal experts and service leaders by many leading international legal guides for more than 15 consecutive years. With roots dating from 1928. we now probably have more tradition, experience and market presence than almost any other law firm in Croatia. We work closely with the leading international law firms and consultants so we’re able to manage complex, cross-border projects and deals seamlessly and successfully. Around 85% of our clients are international enterprises doing business in Croatia. List of our clients include some of the world-renowned companies such as Amazon Europe Core, China Machinery Engineering Corporation, Tate & Lyle, Nafta a.s., Unilever Croatia, Unilever Hungary, Lenovo, Innoenergy CE, Flixmobility, Flixbus CEE South, Okoenergie Group, CTC Holding, Bunge Limited, Chipita, Rolls-Royce, Canvas Holidays, Vacalianselect, Redgate Software, Red gate Investment, Yahoo!, Aston Martin Lagonda, Domino Printing UK, Domino Printing Sciences, Goldman Sachs, Deutsche Bank, Barclays Bank, HSBC, State Street Bank, Citigroup Global Markets, Credit Suisse, Bank of America Merill Lynch, Standard Chartered, Och-Ziff Capital Management, Amundi Asset Management, Altima International, Red Arc Global Investments, SMBC Nikko Capital Partners, Royal Bank of Scotland, Morgan Stanley International, J.P. Morgan group, Allianz Global Investors, Schroders, Macquarie Bank, Digital Finance International, Winton Capital Management, Citibank, Invesco Asset Management Österreich, Croatian Pension Investment Company, Unicredit Bank AG etc. We enjoy learning about our clients’ businesses and want to understand them completely so we can provide the best possible and complete service.

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