Corporate/M&A

TGS Baltic and Arvisto & Partners Advise on Sale of Ordi to Klick

TGS Baltic has advised Ordi majority shareholder Sulev Sisask on the sale of his company shares to Klick Eesti. Arvisto & Partners advised the buyer.

Cobalt Advises Karma Ventures on Investment in Jobbatical

Cobalt has advised Karma Ventures on its investment in employee relocation management start-up Jobbatical.

Clifford Chance and Dominkovic & Osrecak Advise on EUR 126 Million Financing for Zadar Wind Farm

Clifford Chance and Dominkovic & Osrecak have advised Taaleri Energia and Encro on the EUR 126 million senior debt financing package for the construction of the Zadar wind farm in Croatia. CMS reportedly advised the lending consortium.

Dentons Advises International Chemical Investors Group on Acquisition of Benvic Compounds

Dentons has advised the International Chemical Investors Group on its acquisition of the compounds business of the Benvic Group. Gide Loyrette Nouel advised the PVC Europe Group on the sale.

Turkey: Registration of Commercial Enterprises Owned by Ordinary Partnerships

Under the Turkish Commercial Code, a commercial enterprise is defined as an enterprise, operating continuously and independently, aiming to generate income which exceeds the income thresholds stipulated for tradesman (“esnaf” in Turkish) enterprises.

DLA Piper and Baker McKenzie Advise on Wirtualna Polska’s Acquisition of Szallas Group

DLA Piper has advised Wirtualna Polska on its acquisition of the Szallas Group from Portfolion Capital Partners and private individuals. Baker McKenzie advised Portfolion.