05 Jul 2024

Gecić Law Successfully Advises Remus in Strategic Acquisition of GLM

Gecić Law is pleased to announce its role as a legal advisor to Remus Holding in the recent acquisition of a controlling stake in GLM, an esteemed Italian manufacturer of automotive components.  The acquisition includes an indirect takeover of GLM RS Zrenjanin, a crucial part of GLM’s global manufacturing capacities.  The transaction marks a significant expansion for Remus, a prominent supplier of exhaust systems for the automotive and motorcycle industries.

The Transaction

Star Capital Sgr, an Italian asset management company, agreed to sell its majority shares in GLM to Remus. Concurrently, Peppino Barlafante, a founding partner of GLM, sold part of his stake in the company, retaining a minority interest.

The acquisition integrates GLM’s robust manufacturing capabilities with Remus Holding’s innovative approach to exhaust systems.  GLM, which operates out of multiple locations in Italy, Mexico, and Serbia, closed 2023 with consolidated revenues of EUR 88 million.

“We are particularly proud to have been part of the illustrious team of advisors that supported Remus in this important transaction,” said partner Ognjen Colić, Head of Corporate/M&A at Gecić Law.  “I would, above all, like to thank Remus for entrusting us with this great responsibility.  I am also grateful to our fantastic team whose expertise was crucial for the success of this complex deal.”

The transaction, slated for closure in the third quarter of 2024, is subject to customary regulatory approvals.

The Team

Gecić Law was part of the legal team, which also comprised Fellner Wratzfeld & Partner, as lead counsel, who masterfully coordinated the efforts ensuring a seamless advisory process for the client, Von Wobeser y Sierra, S.C., in Mexico, and Pedersoli Gattai, in Italy.  The cooperation was also facilitated through TerraLex, the elite global legal alliance.  Gecić Law is an exclusive member of TerraLex in Serbia, Montenegro and Bosnia and Herzegovina.

The Gecić Law team comprised Partner Ognjen Colić, Senior Associates Miloš Petaković and Nemanja Sladaković, and Associates Bojan Tutić, Marko Jović, Nikola Ivković, Vasilije Bošković and Žarko Popović

About Remus 

Remus is a leading manufacturer of high-quality exhaust systems for the automotive and motorcycle industries. Known for its state-of-the-art production facilities and a robust R&D department, Remus Holding continues to demonstrate remarkable growth and innovation.