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NKO Partners and JPM Advise on Noventiq Buyout of Saga Minority Shareholders

NKO Partners and JPM Advise on Noventiq Buyout of Saga Minority Shareholders

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NKO Partners has advised a group of Saga’s minority shareholders on Noventiq's buyout of their equity. Jankovic Popovic Mitic advised the buyer.

According to JPM, Noventiq had previously acquired Saga’s major shareholder – New Frontier, in Austria – and is now Saga’s majority shareholder.

Saga is a Belgrade-based information technology company.

Softline Holding, operating as Noventiq, is a London-headquartered digital transformation and cybersecurity services provider focused on emerging markets.

"Saga’s solutions offerings and sophisticated own internet protocol will help Noventiq not only expand its geographical presence but also entrench our portfolio capabilities," Noventiq President and COO Herve Tessler commented. "Saga’s financial technology solutions are about transforming legacy banks and institutions into digital leaders, and thanks to this transaction, our customers from a wide array of sectors will be able to benefit from Saga’s extraordinary technology."

The NKO team was led by Partner Djordje Nikolic and included Senior Associate Srna Popovic.

The JPM team included Senior Partner Nenad Popovic, Senior Associates Bojana Javoric and Marko Ilic, and Associate Luka Hajdukovic.

JPM Partners at a Glance

We are a full service commercial law firm in Serbia, with over 30 years of successful practice in SEE region and true and lasting partnerships with our clients.

Our diverse teams of lawyers are focused on practice in specific legal areas, handling some of the most high-profile multijurisdictional matters in energy, project development, mining, foreign investments, corporate and commercial. We are highly sought-after for legal advice in creative industries, environmental law and white-collar crime, as well as intellectual property, international arbitration, labor and data protection

As an exclusive member of Lex Mundi – the world’s premiere network of leading independent law firms, we interconnect and reach globally. Regionally, we advise clients in Montenegro directly, through well established partnership with ‘JPM Montenegro Partner Vukmirovic Misic law firm’ and close working relationships with selected first-rate firms in the region. Working together with our domestic and international clients on their most significant transactions and around entry to Serbian market, allows us to operate as the perfect hub for SEE and other cross-border transactions.

Our clients operate in increasingly competitive landscape and we are identifying new methods of using legal technology, to help them increase efficiency, save time and streamline work processes - document management, billing and accounting. By adopting LUMINANCE AI platform for legal professionals, we use machine-learning for contract analyses across our practice groups, as well as eDiscovery revolutionary software to simplify operations in all forms of litigation.

With exclusive access to EQUISPHERE – Lex Mundi Innovative service model, our clients can design their own legal team by choosing the best lawyers in the relevant jurisdictions, sharing documentation and communicating with all teams at any time, from a single point of contact.

Consistently recognized as a top-tier law firm, both by clients and leading independent legal directories Chambers & Partners, Legal 500 and IFLR1000, we remain committed to delivering highest quality service to our clients and help them succeed in overcoming cross-border challenges. We remain committed to continuously share our knowledge by regularly publishing articles, giving lectures and organizing international conferences.

Firm's website: http://jpm.rs/