BDK Advokati represented Ellis Enterprises d.o.o. a subsidiary of Valvoline (NYSE: VVV), in the acquisition of the production facility and IP rights from Serbian lubricant producer FAM for a purchase price of EUR 9.5 million. As a result of this acquisition, Valvoline will add to its portfolio FAM’s products which are well-known in the Balkan region. The deal is expected to close in the second quarter of 2019 upon the issuance of the relevant merger clearances.
The transaction was approved by FAM creditors in the context of the Pre-Pack Reorganization Plan (UPPR) for FAM.
Senior Partner Vladimir Dašić led the deal, assisted by associates Sara Necić (corporate) and Marko Popović (IP). Partner Milan Dakić, supported by associate Djordje Zejak, was in charge of the real estate aspect of the deal.