Dr Max Expands Further with Ivancic i Sin Acquisition
Deal News | Dec 10, 2024 | CEE Legal Matters
Dr Max, with legal support from NKO Partners, has acquired the Ivancic i Sin pharmacy chain in Serbia. The chain consists of nine retail units and was purchased from owners Bratislav Ivancic and Nada Milovanovic Ivancic, who were advised by BIT Law. This acquisition continues Dr Max's strategic expansion within Serbia, following a series of acquisitions including Miletic Plus, Pet-Sar Farm, Melem Pharmacy, and others, demonstrating a consistent growth strategy in the pharmaceutical retail market.
Sectors
- Pharmaceuticals
- Legal Services
Geography
- Serbia – All the acquisitions mentioned, including the recent one of Ivancic i Sin, are located in Serbia.
Industry
- Pharmaceuticals – Dr Max's acquisition of multiple pharmacy chains positions them as a dominant player in the Serbian pharmaceutical retail sector.
- Legal Services – NKO Partners and BIT Law's involvement in advising on the acquisition highlights the role of legal services in M&A transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dr Max | Acquirer | Company | A leading pharmaceutical retailer expanding its presence in Serbia. |
| Ivancic i Sin | Target | Company | A Serbian pharmacy chain comprising nine retail units. |
| Bratislav Ivancic | Seller | Person | Co-owner of Ivancic i Sin involved in the sale to Dr Max. |
| Nada Milovanovic Ivancic | Seller | Person | Co-owner of Ivancic i Sin involved in the sale to Dr Max. |
| NKO Partners | Legal Advisor | Company | Provided legal advice to Dr Max on the acquisition. |
| BIT Law | Legal Advisor | Company | Advised the sellers, Bratislav Ivancic and Nada Milovanovic Ivancic, in the transaction. |