BDK Advokati has advised Sandberg Capital on its EUR 20 million investment in Quantox. Nestor Nestor Diculescu Kingston Petersen and Polenak reportedly advised Sandberg as well.
“One of the leading companies on the Balkan technology market – Quantox Technology – becomes part of the portfolio of the Slovak private equity firm, Sandberg Capital,” Sandberg Capital’s press release informed. “This is the fund’s first direct investment in Serbia. The aim of the newly formed partnership is to strengthen the position of the company, which employs over 500 people in the Balkans, and accelerate its expansion abroad.”
Established in 2014, Sandberg Capital is a Slovak private equity firm that focuses on investing in smaller and mid-sized companies in Slovakia and the CEE region in the IT, telecommunications, agriculture, education, and retail sectors.
Quantox Technology is a Serbian IT company with 13 offices in seven different European countries and more than 500 employees.
“Given Sandberg’s multiple investments in the IT sector, we see an increasingly strong push for digitalization across the economy,” Sandberg Capital Partner Michal Rybovic commented. “At the same time, we perceive a severe shortage of IT professionals that may be preventing companies from growing and achieving their strategic goals. The investment in Quantox reflects our long-term strategy of partnering with ambitious entrepreneurs in sectors that directly or indirectly help with the digital transformation of the economy.”
The BDK Advokati team included Senior Partner Vladimir Dasic and Associate Sanja Dedovic.
Editor’s Note: After this article was published, CEE Legal Matters learned that Four Legal advised Quantox. The firm’s team included Partner Milovan Zvijer and Associate Nikola Markovic.