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D'Ornano Partners Advises Groupama on Acquisition of OTP Osiguranje in Croatia

D'Ornano Partners Advises Groupama on Acquisition of OTP Osiguranje in Croatia

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D’Ornano Partners has advised the Groupama Group on its acquisition of the entire share capital of OTP Osiguranje, an insurance company owned by the OTP Bank in Croatia. Ivekovic Attorneys at Law reportedly acted as local advisors to Groupama. Schoenherr’s Hungarian office reportedly advised the seller on the deal. 

Financial details of the transaction were not disclosed. 

According to D’Ornano Partners, the transaction, which remains contingent on regulatory approval, is expected to close in the first half of 2021.

Earlier in 2020 D’Ornano Partners helped Groupama acquire Express Life Bulgaria (as reported by CEE Legal Matters on March 17, 2020). 

D’Ornano Partners' team included Founding Partner Francois D'Ornano and Senior Associate Akos Szenczy.                          

The Ivekovic Attorneys at Law team consisted of Managing Partner Branimir Ivekovic and Associate Paula Kis.

Editor's note: After this article was published, Schoenherr informed CEE Legal Matters that it had advised the OTP Bank on the deal. The firm's team included Partner Gergely Szaloki and Attorneys-at-Law Ivan Einwalter, Vice Mandaric, and Ozren Kobsa.

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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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