26
Sun, May
31 New Articles

RPPP, Allen & Overy, Ulcar & Partnerji, and Mayer Brown Advise on Adriatic Slovenica Acquisition

RPPP, Allen & Overy, Ulcar & Partnerji, and Mayer Brown Advise on Adriatic Slovenica Acquisition

Slovenia
Typography

Rojs, Peljhan, Prelesnik & Partners, and Allen & Overy (together with Consultant Hugh Owen of Go2Law), have advised insurer Generali CEE Holding BV, a part of Italy's Generali Group, on its EUR 245 million acquisition of Adriatic Slovenica Zavarovalna Druzba d.d from financial group KD Group d.d. Ulcar & Partnerji and solo-practitioner Simon Gabrijelcic advised the buyers on Slovenian law matters, and Mayer Brown advised on English law matters.

The transaction remains subject to the approvals of regulatory bodies and competition authorities.

“The acquisitions in Slovenia and Poland will enable us to balance and diversify our portfolios, sales channels, and regional presence," said Luciano Cirina, Austria, CEE & Russia Regional Officer and CEO of Generali CEE Holding. "Also, through these acquisitions the business of Generali Group in the Austria, CEE, and Russia region will increase about seven percent, reaching more than EUR 6.4 billion in terms of premium income. Ongoing M&A activities will speed up the journey towards fulfilling our strategic goals of strengthening, in particular, the P&C and health portfolio and as well third-party asset management."

The Adriatic Slovenica insurance company provides property and casualty insurance, health, life, and pension products. According to Generali, in 2017 Adriatic Slovenica generated gross premiums written of EUR 304 million. It ranks third in the Slovenian market with a market share of nearly 15%. Furthermore, the acquisition includes a mutual fund manager KD Skladi, which has over EUR 750 million in assets with a market share of 20% and a presence in Croatia and Macedonia through its subsidiaries.  

The RPPP team was led by Managing Partner Grega Peljhan and Partner Bojan Sporar and included Senior Associates Rok Kokalj and Jakob Ivancic.

The Ulcar & Partnerji team consisted of Partners Matjaz Ulcar and Barbara Ulcar, and Senior Associates Blaz Princic and Polona Bozicko.

The Mayer Brown team was led by Partners Colin Scagell and Robert Flanigan. The team also included Partner James Hill, Counsel Sam Webster, Senior Associate Simon Allison and Daniel Gallagher, and Associates Alastair Dolman and Annabelle Trotter. The Brussels team consisted of Partner Julian Ellison and Associate Deborah Faure. 

Editor's Note: The article has been updated.

Slovenia Knowledge Partner

Who we are

Karanovic & Partners is a regional legal practice in Southeast Europe with tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, Macedonia and Bosnia & Herzegovina. With more than 100 attorneys at law cooperating across the region, we take pride in our work, dedication and understanding of our clients' industries and needs.

What we do

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, startups and NGOs. We see our clients as long-term partners.

We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably. 

What sets us apart?

In our company culture, excellence is a must. We are reliable, adaptive and fast.

Karanovic & Partners operates under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

All News about, and Legal Analysis by, Karanovic & Partners can be found here.

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

 

Our Latest Issue