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.
Editor's Note: After this article was published, Clifford Chance announced that it had advised Bank Pekao and the European Bank for Reconstruction and Development on the financing provided to Studenac for the purposes of the acquisition. The firm's Warsaw-based team included Partner Andrzej Stosio, Counsel Irena Floras-Goode, and Associates Piotr Weclawowicz, Artur Gladysz, Aleksander Smakosz, and Aleksandra Sierac.