KBP Legal provided legal support to the founders of Ekonomik Accountants, one of the leading accounting firms, in connection with the sale of a majority stake to Unija ETL, a major regional accounting and advisory group, a member of the international ETL Global network.
Through this transaction, Ekonomik Accountants enters into a strategic partnership with one of the leading regional accounting and advisory groups, further strengthening its market position and opening new opportunities for the development of both clients and employees through access to a broader regional and international platform.
The transaction represents another indication of the growing interest in the consolidation and professionalisation of Montenegro’s accounting services market, which has traditionally been highly fragmented. The entry of international groups through partnership models confirms the gradual maturation of the local market and its increasing integration into regional business flows.
KBP Legal acted as legal adviser to the sellers throughout the entire M&A process, including transaction structuring, negotiations, and execution of the transaction documentation in this cross-border M&A transaction.
Along KBP Legal, Ekonomik Accountants was strongly supported by EuroPhoenix, while Unija ETL was advised by ZSP Legal and Kuzmanovic Associates.
We thank all parties involved in the transaction for their professional cooperation.