In September 2024, Kinstellar announced that NLB's acquisition of Summit Leasing Slovenia (as reported by CEE Legal Matters on December 14, 2023) has now closed.
According to Kinstellar, after receiving all required regulatory and anti-trust approvals, NLB became the sole shareholder of SLS Holdco, the parent company of Summit Leasing Slovenija, and its subsidiaries, including Croatian Mobil Leasing.
As previously reported, Kinstellar and Kavcic Bracun & Partners advised Slovenia's Nova Ljubljanska Banka banking group on the acquisition of SLS Holdco and its subsidiaries from funds managed by affiliates of Apollo Global Management and the European Bank for Reconstruction and Development.
According to Kinstellar, “Summit Leasing has a vast network of over 750 dealers in Slovenia and Croatia, as well as over 550 points-of-sale in consumer finance in Slovenia. At the end of 2022, Summit Leasing managed approximately 140,000 outstanding financing contracts with over 110,000 customers.”
The Kinstellar team included Partner Emre Ozer and Associate Bianka Kovac.
The Kavcic Bracun & Partners team included Managing Partner Matej Kavcic and Partner Aleksandra Mitic.
