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Karanovic & Partners and Zagorc & Partners Advise on Volution Group's Acquisition of I-Vent in Slovenia and Croatia

Karanovic & Partners and Zagorc & Partners Advise on Volution Group's Acquisition of I-Vent in Slovenia and Croatia

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Ketler & Partners, a member of Karanovic, and Ilej & Partners in cooperation with Karanovic & Partners have advised the Volution Group on its acquisition of I-Vent in Slovenia and Croatia for EUR 25.2 million on a debt-free cash-free basis from Milan Kuster. Zagorc & Partners advised Kuster on the sale.

The Volution Group is a UK-based designer and manufacturer of energy-efficient indoor air quality solutions, with primary markets in the UK, Continental Europe, and Australasia. 

I-Vent designs, manufactures, and supplies residential ventilation systems, primarily focused on decentralized heat recovery, supplying residential customers in Slovenia and Croatia.

According to Karanovic & Partners, “the deal is with further contingent consideration of up to EUR 15 million based on stretching growth targets for the financial results for the three years up to, and including December 31, 2025.”

The Ketler & Partners team included Senior Partner Marko Ketler and Senior Associate Ajda Kuhar.

The Ilej & Partners team included Senior Partner Goran Ilej and Associates Antun Skansi and Tea Vuletin.

The Zagorc & Partners team included Managing Partner Benjamin Zagorc and Partner Polona Bozicko.

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.