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Zivkovic Samardzic Advises South Central Ventures on Increase of Share Capital in City Expert

Zivkovic Samardzic Advises South Central Ventures on Increase of Share Capital in City Expert

Serbia
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A year after advising South City Ventures on its investment in City Expert, a Belgrade based startup that gained traction rapidly with its innovations and use of technologies in real estate sale and rental sector, Zivkovic Samardzic has helped SCV on another share capital increase.

According to Zivkovic Samardzic, "SCV manages the Enterprise Innovation Fund (ENIF), a venture capital fund focusing on highly specialized, innovative small and medium-sized enterprises in the Western Balkans. Investors into ENIF are the European Commission (EC), the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD), Kreditanstalt für Wiederaufbau (KfW) together with institutional and private investors from the Western Balkans. On June 21, 2017 it was announced that the Government of Serbia has also signed an Agreement to join ENIF as a Limited Partner. More than EUR 41 million fund is dedicated primarily to early stage and growth investments, intended to fuel the international business expansion and growth."

The Zivkovic Samardzic team that advised SCV on the City Expert transaction was led by Senior Associate Igor Zivkovski.

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