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Karanovic & Partners Advises Pollard Banknote on Acquisition of Serbia's Next Generation Lotteries

Karanovic & Partners Advises Pollard Banknote on Acquisition of Serbia's Next Generation Lotteries

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Karanovic & Partners has advised Pollard Banknote on its EUR 36 million acquisition of the Next Generation Lotteries in Serbia. Canada's Torys law firm reportedly also advised the buyer on the deal.

NGL is a Vienna-based provider of software solutions to lotteries. Apart from Austria, the company also has offices in Spain, Serbia, Tunisia, and Iceland.

Pollard Banknote is a Canada-based developer of instant lottery games, as well as lottery-related retail and digital solutions.

According to Karanovic & Partners, “Pollard Banknote Limited announced that it has signed a definitive agreement to acquire 100% of the equity of Next Generation Lotteries AS, a leading provider of lottery management and iLottery technology.” In addition, the firm reported that, “the acquisition is subject to certain standard regulatory and third-party consents and is expected to close early in the first quarter of 2021.”

Karanovic & Partners team included Partner Ivan Nonkovic and Senior Associate Sava Draca.

Karanovic & Partners could not disclose any further information about the deal.

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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