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Karanovic & Partners and Zagorc & Partners Advise on Volution Group's Acquisition of I-Vent in Slovenia and Croatia

Karanovic & Partners and Zagorc & Partners Advise on Volution Group's Acquisition of I-Vent in Slovenia and Croatia

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Ketler & Partners, a member of Karanovic, and Ilej & Partners in cooperation with Karanovic & Partners have advised the Volution Group on its acquisition of I-Vent in Slovenia and Croatia for EUR 25.2 million on a debt-free cash-free basis from Milan Kuster. Zagorc & Partners advised Kuster on the sale.

The Volution Group is a UK-based designer and manufacturer of energy-efficient indoor air quality solutions, with primary markets in the UK, Continental Europe, and Australasia. 

I-Vent designs, manufactures, and supplies residential ventilation systems, primarily focused on decentralized heat recovery, supplying residential customers in Slovenia and Croatia.

According to Karanovic & Partners, “the deal is with further contingent consideration of up to EUR 15 million based on stretching growth targets for the financial results for the three years up to, and including December 31, 2025.”

The Ketler & Partners team included Senior Partner Marko Ketler and Senior Associate Ajda Kuhar.

The Ilej & Partners team included Senior Partner Goran Ilej and Associates Antun Skansi and Tea Vuletin.

The Zagorc & Partners team included Managing Partner Benjamin Zagorc and Partner Polona Bozicko.

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.

All News about, and Legal Analysis by, Čipčić-Bragadin Mesić & Associates can be found here.

Firm's website: cipcic-bragadin.com


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