06 Jun JPM advised Pepsico and Karlovarske mineralne vode on its acquisition of Knjaz Miloš

JPM Jankovic Popovic Mitic has advised Pepsico and “Karlovarske mineralne vode” (KMV) from the Czech Republic on its acquisition of Knjaz Miloš the leading producer of mineral water and soft drinks in the countries of former Yugoslavia, from Mid Europa Partners. JPM advised the buyers on the deal, which is expected to close in the third quarter of 2019 upon issuance of relevant merger approvals.

JPM Jankovic Popovic Mitic acted as the local legal advisor together with Clifford Chance as international legal advisors, Kocian Solc Balastik as Czech legal advisors and Raiffeisen Bank International as exclusive financial advisors.

JPM team was led by Senior Partner Nenad Popović. Partners Jelena Stanković Lukić and Nikola Poznanovic were in charge of corporate and M&A, banking and finance and competition matters, while partners Ivan Petrović and Bojan Šunderić were engaged in the legal assessment of Knjaz Miloš’s real estate portfolio and the intellectual property matters respectively. Partner Jelena Nikolić from the employment team together with Senior Associates Stefan Jovičić, Bojana Javorić, Anja Šakan, and Jelena Otašević provided valuable assistance on various aspects of the deal.

PepsiCo and KMV co-operate successfully in Central Europe. Karlovarske mineralne vode is a manufacturer and distributor of PepsiCo beverages portfolio in the Czech Republic, Hungary, Slovakia, and Bulgaria, as well as the distributor of the PepsiCo portfolio of snacks in the Czech Republic, Slovakia, and Hungary.