Mlin i Pekare Completes Reverse Takeover of Cakovecki Mlinovi
Deal News | Feb 03, 2025 | CEE Legal Matters
Mlin i Pekare has successfully executed a reverse takeover of Cakovecki Mlinovi to strengthen its presence in Croatia's food and retail sectors. The transaction saw a collaboration of several legal firms, with KPS, Vukina & Partners, Tus and Grzic, and Mamic, Grgic, Vinter, each playing a critical role in advising different parties involved. KPS provided legal guidance to Mlin i Pekare, while Vukina & Partners supported OTP Bank, the financiers. Tus and Grzic counseled PBZ Croatia Osiguranje on divesting its stake, and Mamic, Grgic, Vinter advised the management board of Cakovecki Mlinovi. Additionally, Pesut, Matic, Galekovic, and Zgombic, as well as Gugic, Kovacic & Krivic, were involved in advising the sellers of the initial stakes in Cakovecki Mlinovi. The merger aims to consolidate the market positions of the involved companies, enhancing their operational capabilities. The legal teams comprised notable partners and associates, ensuring diligent legal support across every aspect of the transaction.
Sectors
- Food
- Retail
- Legal Advisory
- Financial Services
Geography
- Croatia – The events described in the article pertain to companies and legal transactions taking place within Croatia.
Industry
- Food – This sector is relevant as both Mlin i Pekare and Cakovecki Mlinovi are involved in the food industry, likely dealing with production and distribution.
- Retail – The merger positions the companies strategically in the retail sector, aiming to enhance their market presence.
- Legal Advisory – Several law firms were involved in advising different aspects of the merger, making legal advisory services a key industry in this transaction.
- Financial Services – OTP Bank financed the transaction, and PBZ Croatia Osiguranje was involved in selling its stake, highlighting the role of financial services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mlin i Pekare | Target Company | Company | A company involved in a reverse takeover of Cakovecki Mlinovi, aiming to strengthen its market position. |
| Cakovecki Mlinovi | Target Company | Company | The company being taken over in the transaction to merge with Mlin i Pekare. |
| Kovacevic Prpic Simeunovic | Legal Advisor to Mlin i Pekare | Company | Provided legal advisory services for Mlin i Pekare in the reverse takeover. |
| Vukina & Partners | Legal Advisor to OTP Bank | Company | Advised OTP Bank, which financed the transaction. |
| Tus and Grzic | Legal Advisor to PBZ Croatia Osiguranje | Company | Advised PBZ Croatia Osiguranje on the sale of its stake. |
| Mamic, Grgic, Vinter | Legal Advisor to Cakovecki Mlinovi Management | Company | Advised the management board of Cakovecki Mlinovi. |
| Pesut, Matic, Galekovic, and Zgombic | Legal Advisor | Company | Reportedly advised the sellers of the initial stake in Cakovecki Mlinovi. |
| Gugic, Kovacic & Krivic | Legal Advisor to AZ | Company | Reportedly advised AZ, a pension management company that sold its stake in Cakovecki Mlinovi. |
| OTP Bank | Financier | Company | Provided financial backing for the takeover transaction. |
| PBZ Croatia Osiguranje | Seller | Company | Involved in the sale of its stake in Cakovecki Mlinovi. |
| AZ | Seller | Company | A pension management company that sold its stake in Cakovecki Mlinovi. |