Croatia / Central Europe: Schoenherr advises SECURITAS AB on the acquisition of Croatian security services provider PROTECT
Central European law firm Schoenherr advised the Stockholm SE listed SECURITAS AB, one of the world's largest security companies, on the acquisition of the 85% interest in the Croatian security services provider PROTECT d.o.o. Ri-jeka and the indirect acquisition of its subsidiary PROTECT EDUCA. The agreement includes an option of acquiring the remaining 15%. The enterprise value of the acquired 85% of the shares is estimated to be EUR 5.7 million.
SECURITAS AB entered the Croatian security services market in July 2011 and is the first and only major international security company in the market. With this acquisition, SECURITAS AB strengthens its position in Croatia, especially in the area of the city of Rijeka.
Lead Partner Relja Zdravković on the deal: “We have accompanied SECURITAS over the years in its expansion in Central Europe. The market entry and expansion in Croatia was a logical step. The deal required fast and solution oriented approach, and was not easy. Although not different than in past, it was pleasure to work with SECURITAS and to see the deal happen. Pawel Rafalski, Marcus Andersson and Asa Thunman from SECURITAS are highly professional negotiators and have been a driving force in SECURITAS expansion. From our side, having experienced lawyers like Neven Marić is clearly a crucial factor for success.”
Schoenherr advised SECURITAS AB in the due diligence and in the negotiation and finalization of the transaction documents. Schoenherr's team was lead by Relja Zdravković and Neven Marić, assisted by Dina Vlahov, Lidija Varga, Andreja Vražalić, Vuk Vasiljević and Aleksa Anđelković.
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- Contact
- Zdravković Relja
- T: +381 11 320 26 00
- r.zdravkovic@schoenherr.rs
- Contact
-
Tondolo, Gina-Maria
- T: +43 1 534 37 293
- g.tondolo@schoenherr.eu
