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Clifford Chance and Karanovic & Partners Advise on Aricoma Group's Acquisition of Seavus

Clifford Chance and Karanovic & Partners Advise on Aricoma Group's Acquisition of Seavus

Czech Republic
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Clifford Chance has advised the Aricoma Group on the acquisition of the Seavus technology company. Karanovic & Partners’ North Macedonian office provided advice pertaining to the local side of the transaction in Serbia, Bosnia and Herzegovina, and Albania. Seavus was reportedly advised by Bird & Bird's Stockholm office.

Seavus is a software development and consulting company providing enterprise-wide business solutions. The company has over 800 IT experts worldwide and offers a variety of products and service options in Europe and the US.

The Aricoma Group, which is part of the KKCG Group, is the largest information and communications technology holding in the Czech Republic. It provides a wide range of services, starting with the design of ICT architecture, through infrastructure and cloud services and the implementation of corporate applications, up to the development of its own software solutions and outsourcing. According to Clifford Chance, “with this acquisition, the Aricoma Group penetrates further markets in Europe and strengthens its position in the USA. At the same time, it becomes an international player in the IT services industry, with consolidated revenues of EUR 300 million.”

Clifford Chance’s team included Partners Milos Felgr and David Kolacek, Counsel Michal Jasek, Senior Associate Dominik Vojta, Associates Jakub Vesely and Tomas Prochazka, and Junior Lawyers Martin Urban and Matej Ridky.

Bird & Bird's team was led by Partner Jan Bystrom.

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