Savoric & Partners has advised Studenac on its acquisition of Pemo from founder Lovorko Milosevic. Buterin & Posavec reportedly advised the seller.
Studenac is a Croatian retail chain and Pemo is a retail brand.
According to Savoric & Partners, following the transaction, Studenac has become “the largest Croatian retail chain by the number of stores, solidifying its position as a leader in the Adriatic region. The acquisition will add nearly 40 stores to Studenac’s network, bringing the total to almost 750. Pemo’s 300 employees in the Dubrovnik-Neretva county will join the more than 3,700 already working at Omis-based Studenac.”
Savoric & Partners’ team included Partners Nina Radic Kuzik and Mia Lazic and Associates Nives Kolonic and Martin Hren.