Rojs, Peljhan, Prelesnik & Partners (RPPP) has advised Enterprise Investors on the acquisition by the Polish Enterprise Fund VII, which it manages, of 100% of shares in sporting good retailer Intersport ISI in a carve-out transaction from Mercator Group. According to RPPP, "the value of the transaction is up to EUR 34.5 million and the transaction transaction is conditional upon obtaining customary regulatory approvals." RPPP — a member of the TLA alliance — reports that "all other TLA law firms from the region, including JPM Jankovic Popovic Mitic from Serbia, Tkalcic-Djulic, Prebanic, Rizvic and Jusufbasic-Goloman from Bosnia and Herzegovina, and Debarliev, Dameski & Kelesoska from Macedonia" were involved as well. Slovenia’s Jadek & Pensa and Serbia’s Prica & Partners advised Mercator on the transaction.
According to RPPP, "Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 137 companies across a range of sectors and exited 115 companies with total gross proceeds of EUR 2.5 billion."
RPPP also describes Intersport International Corporation (IIC) as "franchisor of two specialized sporting goods retailers — Intersport and The Athlete’s Foot." According to the firm, "with a presence in 65 countries and sales of EUR 11.3 billion, it is the world’s leading sports retail group. In 1999 IIC signed an exclusive master franchise agreement with Mercator Group, Slovenia’s largest fast-moving consumer goods retail company. This paved the way for the creation of Intersport ISI as a fully owned subsidiary of Mercator Group. Today Intersport ISI is the unquestionable market leader in the sports equipment and apparel sector in the Balkan region. It operates a network of almost 110 stores in Slovenia, Croatia, Serbia, Bosnia & Herzegovina, and Montenegro and employs nearly 900 people. Led by an experienced management team, the company has been delivering a solid financial performance. In 2015 it recorded EUR 81 million in revenues."
RPPP Partners Bojan Sporar and Matic Novak headed the M&A part of the transaction team and Partner Gregor Pajek led its financing.
The Jadek & Pensa team was led by Partners Andraz Jadek, Patricija Rot, and Ozbej Merc, with Rot advising on real estate aspects and lease arrangements and Merc and Jadek advising on the carve-out, financial, and share transaction aspects.
Prica and Partners Partner Darija Ognjenovic and Senior Associate Ivana Ajdanic led that firm’s team on financial aspects of the transaction related to Serbia.