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Karanovic & Partners Advises DS Smith on Bosis Acquisition

Karanovic & Partners Advises DS Smith on Bosis Acquisition

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Karanovic & Partners has advised DS Smith on its acquisition of Serbian offset cardboard packaging and blister packaging company Bosis.

DS Smith is a British multinational packaging business headquartered in London and listed on the London Stock Exchange. It is a provider of sustainable packaging solutions, paper products, and recycling services worldwide.

Situated approximately 100 kilometers south of Belgrade, the family-owned Bosis business was founded in 1982 and employs 140 people working on a single site in Valjevo.

Following the completion of the share-transaction acquisition of Bosis, DS Smith’s total packaging operations in Eastern Europe will comprise 29 box plants and additional facilities, employing more than 7,000 people in the region, the company announced.

"Following 41 years of successful, responsible, and sustainable business, during which Bosis grew from a small family-owned screen printing shop [...] the time came for a new phase in the development of Bosis," Bosis Founder and Owner Bogoljub Pantelic commented. "We are sure that this is the right decision for our family and Bosis, our employees and their families, as well as our long-term business partners and local community."

The Karanovic & Partners team included Partners Milos Jakovljevic and Bojan Vuckovic, Senior Associate Marko Culafic, and Associate Mladen Vujic.

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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