Jankovic Popovic Mitic, working with CMS in London, has advised sellers Goran Kovacevic and the Seaf South Balkan Fund on the sale of Gomex to Ceecat Capital. BDK Advokati, working with Pillsbury Winthrop Shaw Pittman, advised Ceecat.
"The investment in Gomex is the first in Serbia for Ceecat Capital," BDK Advokati informed. "With its sale to Ceecat Capital, the Seaf South Balkan Fund has sold its last investment in that Fund, while Gomex’s founder Goran Kovacevic remains in the company as a minority shareholder."
Established in 1997 in Serbia, Gomex is a grocery retail network. The company has approximately 2500 employees and more than 190 retail stores in Serbia.
Ceecat Capital is a private equity and private credit investor. The company operates offices in London, Luxembourg, Bucharest, Istanbul, and Almaty.
"Gomex has proven its capabilities with its successful penetration and leadership position in Northern Serbia," Ceecat Capital Partner Anthony Stalker commented. "We will enhance and support the existing strong core management team and invest in the human capital backbone of Gomex to catalyze its next phase of growth. Our target is to help create the means for Gomex to fulfill its potential to emerge as the national leader in grocery retail in the neighborhood/convenience format."
The JPM team was led by Senior Partner Nenad Popovic and included Senior Associate Bojana Javoric Micovic and Associate Luka Hajdukovic.
The BDK Advokati team was led by Senior Partner Vladimir Dasic and included Senior Associates Jelena Zelenbaba and Marija Gligorevic and Junior Associates Milan Popovic and Tijana Martinovic.