On December 15, 2023, JPM & Partners announced that Slovenian Big Bang's acquisition of Serbian online retailer BC Group (reported by CEE Legal Matters on September 1, 2023) had closed.
According to JPM & Partners, “with this acquisition, the Big Bang Group continues its expansion in the region. By increasing the sales range to sports, fitness equipment, tools, toys, furniture, and home accessories, expanding the 'pickup point' network, increasing storage capacity, and providing the best possible user experience, Big Bang is planning to achieve revenues in Serbia to EUR 55 million in the next year, and by 2027 the plan would be to generate around EUR 90 million in revenue and increase market share in online sale.”
As previously reported, JPM & Partners advised Big Bang in Serbia; Ketler & Partners, a member of Karanovic, advised Big Bang and shareholder Bidigital on Slovenian matters; while the Andric Law Office reportedly advised the sellers.
Big Bang is the largest Slovenian retailer of entertainment and consumer electronics.
The JPM team was led by Partners Jelena Stankovic Lukic and Nikola Poznanovic.
The Ketler & Partners team included Senior Associate Nina Krajnc and Junior Associate Luka Skledar.