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Schoenherr and DTB Advise on Tele2 Croatia Sale to United Group

Schoenherr and DTB Advise on Tele2 Croatia Sale to United Group

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Schoenherr has advised Tele2 AB on the EUR 220 million sale of its Croatian business, Tele2 Croatia, to the United Group. Kirkland & Ellis and Divjak, Topic & Bahtijarevic represented the BC Partners-backed United Group.

Closing, which remains subject to approval from the relevant regulatory bodies, including the Croatian Competition Agency, is expected before the end of 2019.

Swedish telecommunications group Tele2 was founded in 1993. The company has been listed on Nasdaq Stockholm since 1996. 

Headquartered in Amsterdam, the United Group is a connectivity and media provider in South East Europe. It has network coverage in the region with 3.82 million subscribers and offers local and international content. The United Group has operations in six countries.

The Schoenherr team consisted of Partners Alexander Popp, Christoph Haid, and Robert Bachner, Attorneys-at-law Ivan Einwalter, Dina Vlahov Buhin, Marko Kapetanovic, and Manuel Ritt-Huemer, and Associates Ana Marjancic, Michael Marschall, and Ana Marija Rupcic.

The Kirkland team was led by London Partner David D’Souza, supported by Partners David Higgins, Neel Sachdev, Matthew Merkle, Jenny Wilson, Tim Lowe, and Jan Hobbs, and Associates Jessica Liang, Irfan Ahmed, Kanesh Balasubramaniam, John Davitt, John Patten, Dragana Cvejic, and Lemara Grant.

The DTB team was led by Senior Partner Damir Topic and included Partner Mario Krka, Lawyers Ana Tudoric Mejovsek, Lea Muzic, Olena Manuilenko, Jasna Belcic, and Zrinka Mustafa Prelic, and Trainees Ana Sporcic, Emil Cetina, and Antonia Mihaljevic.

Croatian Knowledge Partner

Čipčić-Bragadin Mesić & Associates is one of the leading law firms in Croatia that serve companies, credit & financial institutions and public entities. We have been recommended and recognized as the legal experts and service leaders by many leading international legal guides for more than 15 consecutive years. With roots dating from 1928. we now probably have more tradition, experience and market presence than almost any other law firm in Croatia. We work closely with the leading international law firms and consultants so we’re able to manage complex, cross-border projects and deals seamlessly and successfully. Around 85% of our clients are international enterprises doing business in Croatia. List of our clients include some of the world-renowned companies such as Amazon Europe Core, China Machinery Engineering Corporation, Tate & Lyle, Nafta a.s., Unilever Croatia, Unilever Hungary, Lenovo, Innoenergy CE, Flixmobility, Flixbus CEE South, Okoenergie Group, CTC Holding, Bunge Limited, Chipita, Rolls-Royce, Canvas Holidays, Vacalianselect, Redgate Software, Red gate Investment, Yahoo!, Aston Martin Lagonda, Domino Printing UK, Domino Printing Sciences, Goldman Sachs, Deutsche Bank, Barclays Bank, HSBC, State Street Bank, Citigroup Global Markets, Credit Suisse, Bank of America Merill Lynch, Standard Chartered, Och-Ziff Capital Management, Amundi Asset Management, Altima International, Red Arc Global Investments, SMBC Nikko Capital Partners, Royal Bank of Scotland, Morgan Stanley International, J.P. Morgan group, Allianz Global Investors, Schroders, Macquarie Bank, Digital Finance International, Winton Capital Management, Citibank, Invesco Asset Management Österreich, Croatian Pension Investment Company, Unicredit Bank AG etc. We enjoy learning about our clients’ businesses and want to understand them completely so we can provide the best possible and complete service.

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