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Karanović & Partners and Zdolsek Advise on NIBE Acquisition of TIKI Group

Karanović & Partners and Zdolsek Advise on NIBE Acquisition of TIKI Group

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Karanovic & Partners has advised NIBE Industries AB on its acquisition of the TIKI Group, Gorenje’s Serbian subsidiary. The TIKI Group was advised by the Zdolsek law firm.

The transaction remains contingent on the approval of Serbia's competition authority. 

Karanovic & Partners describes the TIKI Group as "one of Europe’s largest manufacturers of water heaters." 

The Karanovic & Partners team was led by Senior Partner Dragan Karanovic and included Associate Igor Radovanovic.

The Zdolsek team was led by Associate Katja Zdolsek.

Editor's Note: After this article was published CEE Legal Matters learned that Gecic Law had assisted Gorenje doo gospodinjski aparati, Slovenia, in the acquisition of the TIKI Group by Sweden's NIBE Industries.

Karanovic & Partners at a Glance

Karanovic & Partners is a regional legal practice in Southeast Europe with a tradition spanning over 25 years and cooperating offices in Serbia, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Albania. With more than 150 attorneys at law working together across the region, we take pride in our work, dedication, and understanding of our clients' industries and needs.

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, start-ups, and NGOs. We see our clients as long-term partners. We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

In our company culture, excellence is a must. We are reliable, adaptive, and fast. We operate under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

We are ambitious to propose innovative legal solutions and we are at the forefront of legal developments in Southeast Europe, pioneering new areas of the law and paving the way for new practices and regulations.

Firm's website.