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Closing: Waberer’s Acquisition of MDI Now Closed

BDK Advokati and JPM & Partners Advise on Waberer’s Acquisition of MDI

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On April 1, 2024, BDK Advokati announced that Waberer’s acquisition of MDI (reported by CEE Legal Matters on October 16, 2023) had closed.

According to BDK Advokati, "in accordance with the sale and purchase agreement signed on October 6, 2023, Waberer’s wholly-owned subsidiary, WSZL Kft., has successfully concluded the acquisition of a 55% interest in MD International of Serbia. As part of this transaction, WSZL has also secured an option to acquire an additional 45% interest, as well as a 0.1% stake in MDI Dobanovci, a separate entity resulting from the carve-out of MDI, which possesses 8.5 hectares of land designated for logistics center development in the Dobanovci municipality, near Belgrade."

As previously reported, BDK Advokati advised Waberer’s International, while JPM & Partners advised MDI shareholder Dragoslav Micic and Marjanovic Law reportedly advised the other sellers.

According to BDK Advokati, Waberer’s is the largest road transport company in Hungary and one of the largest road freight transport companies in Europe, operating a fleet of 3,500 trucks. It has a presence in Belgium, Germany, France, Italy, the Netherlands, Poland, and the UK.

MDI is a Serbian distribution industry player responsible for brands such as Henkel, Vileda, Wilkinson Sword, and Pionir.

The BDK Advokati team included Senior Partner Vladimir Dasic and Junior Associates Milan Popovic and Petar Eric.

The JPM & Partners team included Partner Aleksandar Hadzic.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/


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