Karanovic & Partners has advised NIBE Industries AB on its acquisition of the TIKI Group, Gorenje’s Serbian subsidiary. The TIKI Group was advised by the Zdolsek law firm.
The transaction remains contingent on the approval of Serbia's competition authority.
Karanovic & Partners describes the TIKI Group as "one of Europe’s largest manufacturers of water heaters."
The Karanovic & Partners team was led by Senior Partner Dragan Karanovic and included Associate Igor Radovanovic.
The Zdolsek team was led by Associate Katja Zdolsek.
Editor's Note: After this article was published CEE Legal Matters learned that Gecic Law had assisted Gorenje doo gospodinjski aparati, Slovenia, in the acquisition of the TIKI Group by Sweden's NIBE Industries.