Samardzic in cooperation with Specht & Partner advised SIE Holding on acquisition of Serbian Electronics Manufacturer

22 April 2015: Samardzic in cooperation with Specht & Partner advised System Industrie Electronic Holding AG from Austria on its acquisition of a controlling share in Tagor Electronic, a closely-held manufacturer of electronic devices based in Niš, South-Eastern Serbia. Originally founded in 1994 in Lustenau, Austria, System Industrie Electronic Holding AG manages a global family of companies that supply electronic solutions, components and services to leading industry for applications in the medical, government/security and industrial markets all over the world. The value of the transaction was not disclosed.

In addition to customary M&A tasks, the legal work included designing a corporate governance structure which would enable new partners to share responsibilities and incentives. Assistance in refinancing of existing credit facilities was also given. The legal team was composed of Dušan Rakitić, partner, Milica Samardžić, junior partner, Jelena Obradović, associate and Novak Vujičić, junior associate.