Addleshaw Goddard and Kinstellar have advised Pegasus Airlines on its acquisition of Czech Airlines and its subsidiary Smartwings in a transaction valued at EUR 154 million, including related receivables. Dentons reportedly advised the sellers.

Austria’s market has been navigating a challenging economic climate, marked by restructurings, uneven deal momentum, and rising operational pressures, yet, if one looks beyond volatility, regulatory refinement, renewed banking activity, and a flourishing startup ecosystem are creating pockets of opportunity and forward motion, according to Kinstellar Managing Partner Horst Ebhardt.

Nearly two years after the Digital Services Act (“DSA”) became applicable across the EU and amidst discussions on the “Digital Omnibus” simplification package announced by the European Commission, Bulgaria has finally aligned its national framework with DSA provisions.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. This time around, we asked: What is the one most time-consuming administrative task for you as a Managing Partner, and what, if anything, have you done to try to minimize time spent on it?

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.

Kinstellar has advised P3 on the acquisition of a portfolio of logistics parks located across multiple sites in Slovakia from Stoneweg Europe Stapled Trust. Clifford Chance advised Stoneweg.

Kinstellar has advised Cemex on the acquisition of two mining areas in the Czech Republic. 

Kinstellar has advised the Max Aicher Group on the sale of a property within the former Combinatul de Utilaj Greu industrial estate in Cluj-Napoca, Romania, to local developer Hexagon Group. Popovici, Nitu, Stoica si Asociatii reportedly advised Hexagon Group.

Schoenherr has advised Enery on the acquisition of a 32-asset operational photovoltaic portfolio in Slovakia with a combined capacity of 34.6 megawatts from ContourGlobal and Energy Infrastructure Partners. Eversheds Sutherland advised ContourGlobal. Kinstellar reportedly advised on the matter as well.

Cytowski & Partners has advised Splx on its sale to Zscaler. Kinstellar, working with Wilson Sonsini Goodrich & Rosati, reportedly advised Zscaler.

Kinstellar has advised Integral Capital Group on the acquisition of a majority stake in Calla Clinic, via Integral’s portfolio company Embryos. Schoenherr advised the sellers.

Ukraine has moved quickly to bolster its defense industrial base, with a new Defense City regime offering tax, customs, and administrative incentives to manufacturers, according to Kinstellar Partner Natalia Kirichenko, with the framework aiming to cut red tape, speed up production, and attract both domestic and international players under wartime conditions.

Kinstellar has advised Conexio on the sale of a telecommunications infrastructure asset in Serbia to EXA Infrastructure.

As the region rounds the summer bend, Kinstellar Partner in Serbia Milan Samardzic, Avellum Managing Partner Mykola Stetsenko in Ukraine, and PwC Director and Head of Legal Practice in Georgia Vano Gogelia unpack what moved and why in terms of summer levels of activity, the macro and political levers at play, and what they expect to drive closings into year-end.

Weinhold Legal, working with Wilson Sonsini Goodrich and Rosati, has advised Resistant AI on its USD 25 million Series B financing round led by DTCP Growth. Kinstellar advised DTCP. Taylor Wessing, working with Gunderson Dettmer, reportedly advised DTCP as well.

Miriam Broucek has joined Kinstellar's Vienna office as Partner and will head the firm's finance department.

RTPR and Kinstellar have advised Repono AB on the acquisition of a battery energy storage system with a capacity of 202-megawatts/404-megawatt-hours.

Kinstellar has announced new leadership appointments across its service lines and sectors.