Dentons has advised Adris grupa in connection with sale of TDR and other entities within Adris Strategic Business Units Tobacco and Retail, including among others Istragrafika, Hrvatski duhani and the iNovine and Opresa retail chains, for a total enterprise value of €550 million. The transaction, which is subject to the approval of the Shareholders’ Assembly of Adris as well as customary competition clearances, is expected to close in September 2015.

“We are very proud to have had the opportunity to support Adris grupa on this historic transaction that secures the future of TDR’s Kanfanar plant.” commented Rob Irving, the new co-chair of Dentons’ Global Private Equity Group. “This deal is a great example of Dentons’ ability to call upon lawyers located in CEE and the UK, from broad variety of disciplines, to advise on strategic cross-border matters in the South Eastern Europe region."

A representative of Adris said: "The team at Dentons has been integral to the delivery of a smooth, efficient sale process."

The Dentons team in Budapest included Partners Rob Irving, Anita Horváth with Associates Eszter Fodor and Orsolya Szabo. They were supported by a team from Dentons’ offices in London and Milton Keynes that included Partners Tom Leyland and Alex Thomas, Counsel Tatiana Kruse and Associates Suhail Qureshi, Christopher Colclough and Nick Harrison. Dentons worked alongside long time Croatian counsel to Adris, Partners Belinda Cacic and Suzana Krog Bonaci and Associate Goran Kristovic of Cacic & Partners.

The Budapest team recently joined Dentons from White & Case along with approximately 50 local partners, associates and other professionals to further strengthen Denton’s Corporate M&A and Private Equity offering in Hungary, the Central and South Eastern Europe region and Europe generally.