Divjak, Topic, Bahtijarevic & Krka has advised KJK Fund III on the acquisition of Gumiimpex, with OTP Bank Croatia providing transaction financing. Solo practitioner Hrvoje Matic advised the sellers. Kovacevic, Prpic & Simeunovic advised OTP.
KJK Management is an asset manager focused on servicing the needs of institutional investors. The company manages assets in excess of EUR 600 million.
According to DTB, “Gumiimpex is a family-owned company [that manufactures] technical rubber products, recycles tires, and sells and distributes tire-related products for commercial vehicles. The company currently operates in Croatia and several neighboring countries and is a market leader in its sector, with a consolidated turnover of close to EUR 60 million in 2021.”
According to the firm, “KJK’s future vision for the Company includes expanding geographically and utilizing expertise and infrastructure possessed by the Company to develop a robust R&D strategy and broaden the product offering for the years to come.”
DTB’s team included Senior Partner Damir Topic, Partner Martina Kalamiza Grozdek, Senior Associates Dina Salapic, Dominik Glavina, and Iva Olujic, and Associates Antonia Mihaljic, Marta Hren, and Lorena Micik.
The Kovacevic, Prpic & Simeunovic team included Partner Martina Prpic, Senior Associate Ana Novakovic, and Junior Associate Sebastian Krcamr.