Polenak is an independent North Macedonia full-service firm established in 1946 and based in Skopje. It has a team of four partners and 10 associates.
Focusses / sectors
The firm is experienced in banking work, especially on the side of the lender, and in M&A, including recently on deals in the healthcare sector.
Key clients
The firm's key clients include A1 Telecom, Adient, Deutsche Telekom Group, Diaverum, EBRD (European bank for reconstruction and development) and the Enterprise Expansion Fund.
Research period review: 32nd edition (2022/2023)
During the research period the firm has been active in banking and finance, capital markets, and corporate and M&A.
In banking the firm advised institutional investors and lenders on senior unsecured loans, and syndicated loans. In project financing it advised the borrower, the investor, the developer mainly on energy and renewable energy projects.
In capital markets it advised on private placement and sovereign bond issue.
In corporate and M&A it worked on behalf of the investor, the acquirer and targets on transfers of shares, mergers, joint-ventures, and equity investments.
Deal highlights: 33rd edition (2023/2024)
Infinum €1.4 million acquisition of an IT company
Van Hool €200 million refinancing
Varus €2.6 million financing
Client feedback: 33rd edition (2023/2024)
Project development
"They have a meticulous method of legal work and the ability to analyse the matter thoroughly. In addition, they have a good command of the practice and provide guidance that is not only technically but also practically correct."
Aleksandar Dimic
"He is very detail-orientated and time-efficient. He is available by phone or email for any urgent issues, he is more than capable of prioritising the issues and provide advice considering the risk factors."
