Sat, Jul
44 New Articles

Zivkovic Samardzic Advises South Central Ventures on Dry Tools Transaction

Zivkovic Samardzic Advises South Central Ventures on Dry Tools Transaction

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Zivkovic Samardzic has advised South Central Ventures (SCV) on a complicated transaction involving its portfolio company Dry Tools and acquiring company Alchemy Cloud Inc.

Dry Tools – according to Zivkovic Samardzic – "operates in the software developing tooling sector," while Alchemy Cloud is the "company behind Alchemy, a cloud-based SaaS platform for the specialty chemical industry that facilitates the commercialization of new formulations, [and] is based in San Francisco and has offices in both San Francisco and Novi Sad, Serbia."

Zivkovic Samardzic describes SCV, which manages the Enterprise Innovation Fund (ENIF), as "a venture capital fund focusing on highly specialized, innovative small and medium-sized enterprises in the Western Balkans." The firm reports that "investors into ENIF are the European Commission, the European Investment Fund, the European Bank for Reconstruction and Development, Kreditanstalt fur Wiederaufbau together with institutional and private investors from the Western Balkans. The EUR 40 million fund is dedicated primarily to early stage and growth investments, intended to fuel international business expansion and growth."

Zivkovic Samardzic supported SCV with earlier investments in Serbia, including the investment in Dry Tools (as reported by CEE Legal Matters on March 16, 2016) and City Expert, a tech-driven real estate sale and rental sector startup (as reported on July 4, 2016). “We will continue to support SCV with their investments in tech startups and are proud to be positioned firmly as the go-to lawyers for venture and growth capital clients” said Managing Partner Branislav Zivkovic.

The Zivkovic Samardzic team that advised SCV was led by Senior Associate Igor Zivkovski, and included Associate Sava Pavlovic.

Serbia Knowledge Partner

The oldest full service commercial law firm in Serbia, founded in 1991, JPM with three decades of experience in assisting local and international businesses presence and growth not only in Serbia but throughout the SEE region.

We have accumulated a wealth of knowledge in every industrial and corporate sector, from energy to banking, transport, manufacturing and telecommunications, while remaining true to a pioneering spirit that has always drawn us to follow the latest trends and developments in providing of our services to clients. Today we use the latest legal tech available in serving our clients and are expanding our services to clients from growing industries such as renewable energy, IT and life sciences, by offering innovative solutions and a pro-active approach to broaching new grounds.

Our expertise, experience, and commitment to professional excellence mean we are routinely involved in landmark cases and transactions, while our high standing among clients and peers sees us ranked among the leading law firms by independent guides such as Chambers & Partners, Legal 500, and IFLR1000.

We are known for working closely with clients and treating their problems as our own. Our lawyers pride themselves on being team players, fast and available, specialised in terms of practice area and industry, but versatile and creative in their thinking. We believe our advice should be tailor-made and that even the thorniest issue has a legal solution.

Our membership of Lex Mundi (the world’s premiere network of independent law firms) and the TLA (a regional alliance of leading firms from Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia) means we have close working relationships with first-rate firms throughout the region and around the world, enabling us to operate as the perfect hub for SEE and other multi-jurisdictional transactions.

Firm's website: http://jpm.rs/

Our Latest Issue