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CMS Advises Warner Music Group on Minority Stake Acquisition in Dancing Bear Records

CMS Advises Warner Music Group on Minority Stake Acquisition in Dancing Bear Records

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CMS has advised the Warner Music Group on its acquisition of a minority stake in Croatian label Dancing Bear Records. Kramaric & Partners reportedly advised Dancing Bear.

The Warner Music Group is an American multinational entertainment and record label conglomerate headquartered in New York City.

"This investment by Warner Music is a vote of confidence in the future of music from the West Balkans," said Co-Founder and Managing Director of Dancing Bear Silvije Varga. "We look forward to working together to take music from our existing roster to the wider world, and to uncover the next generation of local talent."

The CMS team included Partner Marija Zrno Prosic and Attorneys at Law Mario Vrdoljak, Manuel Kralj, and Dina Celikovic.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.