Wed, Sep
48 New Articles

Karanovic & Partners Advises Pollard Banknote on Acquisition of Serbia's Next Generation Lotteries

Karanovic & Partners Advises Pollard Banknote on Acquisition of Serbia's Next Generation Lotteries

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Karanovic & Partners has advised Pollard Banknote on its EUR 36 million acquisition of the Next Generation Lotteries in Serbia. Canada's Torys law firm reportedly also advised the buyer on the deal.

NGL is a Vienna-based provider of software solutions to lotteries. Apart from Austria, the company also has offices in Spain, Serbia, Tunisia, and Iceland.

Pollard Banknote is a Canada-based developer of instant lottery games, as well as lottery-related retail and digital solutions.

According to Karanovic & Partners, “Pollard Banknote Limited announced that it has signed a definitive agreement to acquire 100% of the equity of Next Generation Lotteries AS, a leading provider of lottery management and iLottery technology.” In addition, the firm reported that, “the acquisition is subject to certain standard regulatory and third-party consents and is expected to close early in the first quarter of 2021.”

Karanovic & Partners team included Partner Ivan Nonkovic and Senior Associate Sava Draca.

Karanovic & Partners could not disclose any further information about the deal.

Serbia Knowledge Partner

The oldest full service commercial law firm in Serbia, founded in 1991, JPM with three decades of experience in assisting local and international businesses presence and growth not only in Serbia but throughout the SEE region.

We have accumulated a wealth of knowledge in every industrial and corporate sector, from energy to banking, transport, manufacturing and telecommunications, while remaining true to a pioneering spirit that has always drawn us to follow the latest trends and developments in providing of our services to clients. Today we use the latest legal tech available in serving our clients and are expanding our services to clients from growing industries such as renewable energy, IT and life sciences, by offering innovative solutions and a pro-active approach to broaching new grounds.

Our expertise, experience, and commitment to professional excellence mean we are routinely involved in landmark cases and transactions, while our high standing among clients and peers sees us ranked among the leading law firms by independent guides such as Chambers & Partners, Legal 500, and IFLR1000.

We are known for working closely with clients and treating their problems as our own. Our lawyers pride themselves on being team players, fast and available, specialised in terms of practice area and industry, but versatile and creative in their thinking. We believe our advice should be tailor-made and that even the thorniest issue has a legal solution.

Our membership of Lex Mundi (the world’s premiere network of independent law firms) and the TLA (a regional alliance of leading firms from Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia) means we have close working relationships with first-rate firms throughout the region and around the world, enabling us to operate as the perfect hub for SEE and other multi-jurisdictional transactions.

Firm's website: http://jpm.rs/

Our Latest Issue