Following its acquisition of Ultra Saling in August 2022, Kinstellar's team in Croatia has assisted Angelina Yachtcharter Holding GmbH on another acquisition of 85% of the shares of Jadranka Yachting, a charter company located in Mali Lošinj, Croatia. Founded in 1995, Angelina Yachtcharter is the leading nautical charter management company in Croatia, currently operating a fleet of more than 280 vessels berthed at ten marinas along the Adriatic coast. With the purchase of Jadranka Yachting, Angelina Yachtcharter adds additional high-quality assets and operations to its existing portfolio and continues to build its presence on the Croatian market as the leading nautical charter operator. The Kinstellar team
Kinstellar is delighted to announce that it has once again successfully advised S Immo AG, a leading Vienna-listed real estate investor and developer, on the acquisition of six office properties in Budapest, from Immofinanz AG. The acquisition includes the following six buildings comprising around 124,000 m² of main usable space: Thirteen Globe, Thirteen Xenter, Greenpoint 7, Atrium Park, Haller Gardens and Szepvölgyi Business Park. Most of the properties are located in the strong office submarkets "Vaci Corridor" and "Central Pest". The purchase price is based on the valuation of the property portfolio carried out by an external expert with a value of EUR 244.1 million as of 22 December 2022. The acquisition
Our team in Croatia has once again advised OTP banka d.d., this time on the financing for the acquisition of Fiziodent Polyclinic through the sale of a majority ownership stake to Adria Dental Group. Fiziodent operates two polyclinics in the Croatian capital, Zagreb, and employs a total of 40 employees. It was founded in 2003 and is the leading clinic in the field of transparent and mobile braces in the region. OTP banka d.d. continues to support the growth of Adria Dental Group. As the largest dental group in Croatia and the wider region, Adria Dental Group now has more than 450 employees and 180 dental specialists and includes seven clinics and five laboratories in the cities of Zagreb, Solin, Rijeka and Poreč.
Kinstellar M&A and TMT specialists in the Czech Republic have successfully advised Swedish company Kinnevik Online AB on its investment into Mews Systems as part of a USD 185 million Series C financing round, which gives the company a post-financing valuation of USD 865 million. The Series C round was co-led by Kinnevik and the growth equity business within Goldman Sachs Asset Management and also included new backers Revaia, Derive Ventures and Orbit Capital, as well as previous investors Battery Ventures, Notion Capital, Thayer Ventures and henQ. Based in Prague and Amsterdam, Mews operates a leading property management and payments system designed to simplify and automate operations for modern hotels and
Kinstellar is proud to have advised OTP Bank, Hungary’s largest commercial bank and one of the largest independent financial service providers in Central and Eastern Europe, on the successful acquisition of Uzbekistan’s fifth-largest bank, Ipoteka Bank, with an 8.5% market share, more than 1.6 million retail customers and a significant roster of corporate clientele. Having worked together previously on several successful transactions in Hungary and in the CEE region, OTP mandated Kinstellar to handle its first acquisition in Central Asia. The deal involved four Kinstellar offices: Hungary, Uzbekistan, Serbia and Ukraine. According to the sale and purchase agreement signed on 12 December 2022, OTP Bank will
Kinstellar Sofia has advised the owners of Zoo Group Stefanov LLC, operating the most popular pet store chain in Bulgaria, on their successful sale of the company to A&M Capital Europe, a European private equity fund. With 29 locations across Bulgaria and a well-established online store, the fast growing brand specialises in the supply of food and accessories for pets. The sale will enable Zoo Group Stefanov LLC to combine with the other pet store business owned by the purchaser in Bulgaria which will ensure its sustained growth in the future. The Kinstellar team in Sofia was led by Atanas Mihaylov (Counsel), and included Nina Tsifudina (Partner), Nikolay Gergov (Associate), and Yasen Toshev (Junior Associate).
Our team in Croatia has advised former shareholders of Insite on the sale of shares to Halcom, a leading provider of innovative solutions for payment systems. Insite is an experienced and innovative supplier of CRM systems to the banking, insurance, and retail sectors. Their CRM solution has been successfully recognised for ten years by some of the largest European banks and retailers. Halcom, as a division of Juniper Group, is part of the multinational group Constellation Software Inc. Halcom plays a leading role in developing payment systems in Central and South-Eastern Europe and ranks among the top providers of innovative and secure payment and financial services. The Kinstellar team in Zagreb
Our team in Croatia has advised OTP Banka d.d. on the financing for the acquisition of Dentum Dental Clinic via the sale of a majority ownership stake to Adria Dental Group. With this transaction, OTP Banka d.d. continues to support the expansion of Adria Dental Group, which has now positioned itself as the largest dental group in Croatia and the wider region. The group has more than 420 employees, more than 70 practices and over 160 dental specialists, with annual revenues above 30 million euros. The group includes five clinics and five laboratories (Zagreb, Solin, Rijeka and Poreč) with a plan to further expand to the domestic and regional markets. The Kinstellar team in Zagreb was led by Mihovil Granić (Partner)
Kinstellar is delighted to announce that it has successfully advised S Immo AG, a leading Vienna-listed real estate investor and developer, on the acquisition of eight properties and one land plot in Budapest (Gateway Office Park, Arena Corner, Andrássy Palace and the five-part BC99 Office Park) from CPI Property Group. After several successful transactions in the CEE region, S Immo AG once again turned to Kinstellar and worked together with our Budapest office for the first time. The transaction is valued at EUR 238.3 million. The excellently managed buildings comprise a total lettable area of around 109,000 m² and are in outstanding condition. The Kinstellar team was led by Barnabás Sági (Managing
Kinstellar’s Bratislava office has recently advised a syndicate of banks led by Všeobecná úverová banka (VÚB Bank) and including Slovenská sporiteľňa, ČSOB and HYPO-BANK Burgenland, in relation to a EUR 100 million club loan facility for refinancing and further investment in Bory Mall—a shopping and entertainment centre in Bratislava developed by Penta Real Estate. Kinstellar’s team in Bratislava was managed by Counsel Tomáš Melišek and included Dominika Bajzáthová (Managing Associate), Dáša Labašová (Senior Associate) and Michaela Straková (Junior Associate). Partner Marián Šulík led the team of Škubla & Partneri, which acted as advisors to the borrower.
Kinstellar has successfully advised Unilink Group on its acquisition of the majority of ownership shares in INSIA, a network of insurance and mortgage brokers in the Czech Republic and Slovakia. Unilink Group acquired 80% of the network from global professional services firm Marsh. Together with its recent acquisitions of Safety Broker in Romania and Moldova and I&G Brokers in Bulgaria, Unilink has created the largest insurance distribution platform in six CEE countries, with a volume of premiums brokered of EUR 1 billion. The value of the deal has not been disclosed. The Kinstellar team was headed by Jan Juroška (Partner) and Michal Kníž (Managing Associate) and included Denisa Šimanská (Associate)
Kinstellar has successfully advised Genesis Private Equity Fund I (GPEF I) on its acquisition of JP-PROLAK, a Czech engineering company specializing in the custom manufacturing of a wide range of industrial products. Based in the town of Opatov u Svitav (Pardubice region), JP-PROLAK specialises in the custom manufacturing of small and medium-sized batches of a wide range of industrial products. The firm caters to customers across various industries, including mechanical, agricultural, electrical and automotive. Offering state-of-the-art technologies in the field of laser sheet metal cutting, bending, CNC machining, welding and powder coating, JP-PROLAK has been on the market since 1992. The deal's value has