Gecić|Law is proud to announce its pivotal role in supporting a significant financial transaction between the European Bank for Reconstruction and Development (EBRD), Enterprise Expansion Fund II (ENEF II) as lenders and Vega IT.
The EBRD and ENEF II has committed to a senior secured loan of to support the expansion efforts of Vega IT, a premier Serbian software development company.
As the local counsel for the EBRD and ENEF II in this transaction, Gecić|Law provided comprehensive legal advice, ensuring adherence to Serbian regulatory standards. Our team’s involvement spanned the due diligence, preparation, negotiation, and completion of critical finance and security documents, as well as successfully closing the transaction. This partnership underscores Gecić Law’s commitment to facilitating economic growth and development within the Western Balkans through strategic legal guidance.
The loan agreement was signed during the official presentation of the ENEF II in Belgrade, a fund designed to support the expansion of small and medium-sized enterprises (SMEs) in the region. ENEF II, through its co-investment arrangement with the EBRD and funded by the European Union, CDP (Cassa Depositi e Prestiti), KfW (Kreditanstalt fur Wiederaufbau), and Banca Intesa, aims to finance SMEs, providing them with the capital and advising necessary for scaling their operations and achieving sustainable growth.
Vega IT stands at the forefront of digital product development, boasting a team of over 750 engineers and a diverse global client base of more than 200. This financial injection from the EBRD and ENEF II, supported by Gecić Law’s legal expertise, will enable Vega IT to expand on new markets, open new business development offices and hire additional sales talents, further solidifying its position as a leader in the digital technology sector.
Gecić|Law is honored to have played a role in this transformative project, reinforcing our dedication to supporting our clients through legal excellence and strategic advice. We look forward to continuing our work in driving forward the economic development of the Western Balkans and contributing to the success of enterprises like Vega IT.
