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Dentons Advises Triodos Investment Management, Umweltbank Aktiengessellschaft, and GLS Gemeinschaftsbank on Acquisition of Majority Stake in Opportunity Banka Novi Sad

Dentons Advises Triodos Investment Management, Umweltbank Aktiengessellschaft, and GLS Gemeinschaftsbank on Acquisition of Majority Stake in Opportunity Banka Novi Sad

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Dentons has advised Umweltbank Aktiengessellschaft, GLS Gemeinschaftsbank EG, and two investment funds managed by Triodos Investment Management on the acquisition of a majority stake in Opportunity Banka a.d. Novi Sad, a Serbian bank, from Opportunity Transformation Investments inc. Andric Law Office provided Serbian advice to the buyers, and Schoenherr reportedly advised Opportunity Transformation Investments.

Opportunity Banka Novi Sad specializes in microfinance, providing micro, rural, agro, and SME loans, and other financial services to Serbian customers who cannot ordinarily access financial services from traditional banks. Dentons reports that the bank is a part of Opportunity International, "a global non-profit committed to ending extreme poverty and promoting quality education for families in need." According to the firm, "since 1971, Opportunity has helped millions of families work their way out of poverty by providing financial resources, training, and delivering ongoing support to start small businesses, earn living wages, and feed their families.”

Triodos Investment Management is global investor with over 750 investments in over 50 countries with EUR 4.9 billion in assets under management. It is a wholly-owned subsidiary of Triodos Bank NV, which was founded in 1980 and operates in sustainable banking. 

Dentons’ team in Budapest was led by Partner Rob Irving and included Associates Kamran Pirani and Sebastian Ishiguro.

Andric Law Office’s team was led by Managing Partner Luka Andric.

Editor's note: After this article was published, Schoenherr announced that its team included Partners Matija Vojnovic and Vojimir Kurtic and Lawyer Dusan Obradovic.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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