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ODI Law Advises on Sale of Stake in Iskra to Taxgroup

ODI Law Advises on Sale of Stake in Iskra to Taxgroup

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ODI Law has advised the seller -- a private individual -- on the sale of a 42.1218 % stake in Iskra to Taxgroup Gmbh, one of the existing shareholders of the company. The deal also involved the purchase by the firm's client of a share in Caveat Romanae, a Croatian subsidiary of Iskra.

Iskra, which was founded in 1946, provides intelligent industrial solutions and advanced electrotechnical products. In 2015 the firm reported sales revenue of EUR 87 million and EBITDA of EUR 11 million and employed more than 1000 employees. The firm specializes in capacitors, low voltage switchgear, electrical measuring instruments, etc.

ODI Partner Matjaz Jan, who led the firm's team on the deal, emphasized that the deal is an example of how complex disputes among shareholders can be settled by an M&A transaction. Jan was assisted by Senior Associates Lea Pecek and Lea Vatovec, and Croatian Partner Branko Ilic for matters in that jurisdiction.

Taxgroup was advised by lawyer Miha Martelanc.