Rymarz Zdort and Prica & Partners have advised Innova Capital on the sale of 100% of the shares of subsidiary Trimo d.o.o. to Kingspan Group plc. Jadek & Pensa reportedly also advised Innova Capital on the deal, which remains subject to regulatory approvals and is expected to be completed in the fourth quarter of 2020.
Financial details were not disclosed.
Slovenian company Trimo provides fireproof solutions for the construction of facades and roofs, with a sales network across 30 countries and production facilities in Slovenia and Serbia. According to Rymarz Zdort, “the acquisition is a good strategic fit for Kingspan in respect of its product portfolio, positioning and geographic coverage. Once acquired by Kingspan, Trimo will be able to leverage its potential using Kingspan’s large international distribution network.”
The Kingspan Group is a building materials manufacturer founded in Ireland in 1965 that operates in more than 70 countries around the world.
Rymarz Zdort’s team consisted of Managing Partner Pawel Zdort, Partners Iwona Her and Jakub Zagrajek, Counsel Irmina Watly, and Senior Associates Aleksandra Kabac and Leszek Cyganiewicz.
The Prica & Partners’ team providing Serbian advice included Partner Darija Ognjenovic and Associate Veljko Nesic.