Karanovic & Partners, working with White & Case, has advised MidEuropa on the sale of regional dairy producer Imlek to a consortium comprising the family holding of entrepreneur and investor Andrej Jovanovic as lead investor and Imlek’s current CEO Bojan Radun. Sijercic & Partners and Ilej & Partners in cooperation with Karanovic & Partners advised MidEuropa as well. Kinstellar advised the buyers.
The transaction remains subject to regulatory approval.
According to Karanovic & Partners, Imlek is one of the leading dairy groups in South-Eastern Europe, with operations spanning multiple SEE markets. The deal envisages a transition from private equity ownership to a partnership structure between a local investor and existing management, aiming to support the company’s continued growth across the region.
The Karanovic & Partners team included Senior Partners Milos Jakovljevic and Rastko Petakovic, Partners Bojana Miljanovic Hussey, Katarina Guduric, Veton Qoku, and Marko Culafic, Senior Associate Marija Vicic Simic, and Associates Aleksandra Cvorovic and Teodora Vasin.
The Ilej & Partners team included Senior Partner Goran Ilej.
The Kinstellar team included Bratislava-based Partner Hugh Owen, Vienna-based Associate James Merryweather, Prague-based Partner Ludek Chvosta and Counsel Filip Murar, Belgrade-based Partner Petar Kojdic, Special Counsel Olga Sipka, Managing Associate Mina Sreckovic, and Junior Associate Dusan Djuric.
