Karanovic & Partners has advised the Duomed Group on its acquisition of Mar Medica Ltd. Mrakovic Markovic & Partners reportedly advise Marko Rackovic on the sale.
The Duomed Group, headquartered in Benelux, is a distributor of medical supplies. According to Karanovic & Partners, “with this acquisition, the Duomed Group realizes a significant geographical expansion in an emerging market. From the offices in Serbia and Slovenia, the group is now able to cover the Balkan region.”
Mar Medica Ltd. is a company based in Belgrade, Serbia, specializing in selling, installing, and servicing medical equipment and disposable medical supplies for both state health institutions and private clinics and hospitals, focusing on surgery, anesthesia, and intensive care. According to Karanovic & Partners, “the company covers a market of over 20 million people, including direct sales in Serbia and Slovenia, as well as distribution sales in Croatia, Bosnia and Herzegovina, Montenegro, and North Macedonia.”
The Karanovic & Partners team included Partner Milos Jakovljevic, Senior Associate Igor Radovanovic, and Junior Associate Pavle Vucetic.
Editor's Note: After this article was published, Mrakovic Markovic & Partners confirmed it had advised the seller. The firm's team included Partners Nikola Markovic and Mirko Mrakovic.