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Karanovic & Partners Advises Pollard Banknote on Acquisition of Serbia's Next Generation Lotteries

Karanovic & Partners Advises Pollard Banknote on Acquisition of Serbia's Next Generation Lotteries

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Karanovic & Partners has advised Pollard Banknote on its EUR 36 million acquisition of the Next Generation Lotteries in Serbia. Canada's Torys law firm reportedly also advised the buyer on the deal.

NGL is a Vienna-based provider of software solutions to lotteries. Apart from Austria, the company also has offices in Spain, Serbia, Tunisia, and Iceland.

Pollard Banknote is a Canada-based developer of instant lottery games, as well as lottery-related retail and digital solutions.

According to Karanovic & Partners, “Pollard Banknote Limited announced that it has signed a definitive agreement to acquire 100% of the equity of Next Generation Lotteries AS, a leading provider of lottery management and iLottery technology.” In addition, the firm reported that, “the acquisition is subject to certain standard regulatory and third-party consents and is expected to close early in the first quarter of 2021.”

Karanovic & Partners team included Partner Ivan Nonkovic and Senior Associate Sava Draca.

Karanovic & Partners could not disclose any further information about the deal.

Karanovic & Partners at a Glance

Who we are

Karanovic & Partners is a regional legal practice in Southeast Europe with tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, Macedonia and Bosnia & Herzegovina. With more than 100 attorneys at law cooperating across the region, we take pride in our work, dedication and understanding of our clients' industries and needs.

What we do

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, startups 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.

What sets us apart?

In our company culture, excellence is a must. We are reliable, adaptive and fast.

Karanovic & Partners operates under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.​

All News about, and Legal Analysis by, Karanovic & Partners can be found here.

Firm's website: https://www.karanovicpartners.com/