Rojs, Peljhan, Prelesnik & partners has announced its role in the recent Agrokor acquisition of the Mercator Group, which closed on June 27, 2014. Rojs, Peljhan, Prelesnik & partners acted for Agrokor, while Kavcic, Rogl, Bracun represented the sellers, which included several Slovenian banks.
According to Rojs, Peljhan, Prelesnik & partners, "closing of the transaction was conditional on among other the obtainment of merger clearances and the Mercator Group and Agrokor reaching a satisfactory financial restructuring arrangement with Mercator Group's lenders which would consider the combination of the two groups. The transaction was first cleared by the Slovenian national competition authority (the competition team of Rojs, Peljhan, Prelesnik & partners acted for Agrokor in front of the authority and also helped the company coordinate clearances in other jurisdictions)." (A report on the Serbian Merger Control elements of the deal appeared in the Experts Review section of the April, 2014 issue of CEE Legal Matters magazine).
The debt restructuring condition which involved making changes to existing restructuring arrangements was satisfied only on June 24, 2014, after a series of intense rounds of discussions between all stakeholders. Agrokor was advised by Rojs, Peljhan, Prelesnik & partners on Slovenian law and by Slaughter and May on English law. As previously reported by CEE Legal Matters, Schoenherr, Clifford Chance and Jadek & Pensa acted for the lenders and the Mercator Group.