Schoenherr has advised Tele2 AB on the EUR 220 million sale of its Croatian business, Tele2 Croatia, to the United Group. Kirkland & Ellis and Divjak, Topic & Bahtijarevic represented the BC Partners-backed United Group.
Closing, which remains subject to approval from the relevant regulatory bodies, including the Croatian Competition Agency, is expected before the end of 2019.
Swedish telecommunications group Tele2 was founded in 1993. The company has been listed on Nasdaq Stockholm since 1996.
Headquartered in Amsterdam, the United Group is a connectivity and media provider in South East Europe. It has network coverage in the region with 3.82 million subscribers and offers local and international content. The United Group has operations in six countries.
The Schoenherr team consisted of Partners Alexander Popp, Christoph Haid, and Robert Bachner, Attorneys-at-law Ivan Einwalter, Dina Vlahov Buhin, Marko Kapetanovic, and Manuel Ritt-Huemer, and Associates Ana Marjancic, Michael Marschall, and Ana Marija Rupcic.
The Kirkland team was led by London Partner David D’Souza, supported by Partners David Higgins, Neel Sachdev, Matthew Merkle, Jenny Wilson, Tim Lowe, and Jan Hobbs, and Associates Jessica Liang, Irfan Ahmed, Kanesh Balasubramaniam, John Davitt, John Patten, Dragana Cvejic, and Lemara Grant.
The DTB team was led by Senior Partner Damir Topic and included Partner Mario Krka, Lawyers Ana Tudoric Mejovsek, Lea Muzic, Olena Manuilenko, Jasna Belcic, and Zrinka Mustafa Prelic, and Trainees Ana Sporcic, Emil Cetina, and Antonia Mihaljevic.