NKO Partners has advised a group of Saga’s minority shareholders on Noventiq's buyout of their equity. Jankovic Popovic Mitic advised the buyer.
According to JPM, Noventiq had previously acquired Saga’s major shareholder – New Frontier, in Austria – and is now Saga’s majority shareholder.
Saga is a Belgrade-based information technology company.
Softline Holding, operating as Noventiq, is a London-headquartered digital transformation and cybersecurity services provider focused on emerging markets.
"Saga’s solutions offerings and sophisticated own internet protocol will help Noventiq not only expand its geographical presence but also entrench our portfolio capabilities," Noventiq President and COO Herve Tessler commented. "Saga’s financial technology solutions are about transforming legacy banks and institutions into digital leaders, and thanks to this transaction, our customers from a wide array of sectors will be able to benefit from Saga’s extraordinary technology."
The NKO team was led by Partner Djordje Nikolic and included Senior Associate Srna Popovic.
The JPM team included Senior Partner Nenad Popovic, Senior Associates Bojana Javoric and Marko Ilic, and Associate Luka Hajdukovic.
