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Țuca Zbârcea & Asociații
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Tuca Zbarcea & Asociatii manages to stay the execution of an ANAF order with an impact on the oil and gas industry On 30 October 2018, the Bucharest Court of Appeal handed down a first-instance judgment to stay the execution of Order No. 1960/06.08.2018 issued by the National Agency for Fiscal Administration (ANAF). According to such Order, as of 10 November 2018 the market players trading wholesale energy products (i.e., oil, diesel oil, kerosene, liquefied petroleum gas and biofuel) are now bound to hold storage areas. The legal team of Tuca Zbarcea & Asociatii represented a leading natural gas/oil company trading wholesale energy products. The legal team of Tuca Zbarcea & Asociatii represented a leading natural gas/oil company trading wholesale energy products. On 30 October 2018, the Bucharest Court of Appeal handed down a first-instance judgment to stay the execution of Order No. 1960/06.08.2018 issued by the National Agency for Fiscal Administration (ANAF). According to such Order, as of 10 November 2018 the market players trading wholesale energy products (i.e., oil, diesel oil, kerosene, liquefied petroleum gas and biofuel) are now bound to hold storage areas. Given the major impact - first of all economic - of the aforementioned Order, this ruling is very important for such natural gas/oil company and is enforceable de jure with immediate effect. According to ANAF Order No. 1960/2018, the wholesale of energy products can only be conducted under a certificate issued in accordance with the new requirements, which involves holding storage areas. The old certificates cease to be valid on 9 November 2018, i.e. after expiry of the 90-day term provided by the Order. The legal team of Tuca Zbarcea & Asociatii representing the client in court consisted of Christina Vladescu (Partner), Diana Agafitei (Managing Associate) and Radu Chiran (Associate).
November 26, 2018
Țuca Zbârcea & Asociații manages to stay the execution of an ANAF order with an impact on the oil and gas industry

On 30 October 2018, the Bucharest Court of Appeal handed down a first-instance judgment to stay the execution of Order No. 1960/06.08.2018 issued by the National Agency for Fiscal Administration (ANAF). According to such Order, as of 10 November 2018 the market players trading wholesale energy products (i.e., oil, diesel oil, kerosene, liquefied petroleum gas and biofuel) are now bound to hold storage areas. The legal team of Țuca Zbârcea & Asociații represented a leading natural gas/oil company trading wholesale energy products. [+]

The legal team of Țuca Zbârcea & Asociații represented a leading natural gas/oil company trading wholesale energy products.

On 30 October 2018, the Bucharest Court of Appeal handed down a first-instance judgment to stay the execution of Order No. 1960/06.08.2018 issued by the National Agency for Fiscal Administration (ANAF). According to such Order, as of 10 November 2018 the market players trading wholesale energy products (i.e., oil, diesel oil, kerosene, liquefied petroleum gas and biofuel) are now bound to hold storage areas.

Given the major impact - first of all economic - of the aforementioned Order, this ruling is very important for such natural gas/oil company and is enforceable de jure with immediate effect.

According to ANAF Order No. 1960/2018, the wholesale of energy products can only be conducted under a certificate issued in accordance with the new requirements, which involves holding storage areas. The old certificates cease to be valid on 9 November 2018, i.e. after expiry of the 90-day term provided by the Order.

The legal team of Țuca Zbârcea & Asociații representing the client in court consisted of Christina Vlădescu (Partner), Diana Agafiței (Managing Associate) and Radu Chiran (Associate).

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Tuca Zbarcea & Asociatii advised on a complex syndicated credit facility between MedLife and a syndicate of banks According to a press release issued by MedLife, the Company’s Board of Directors signed a syndicated credit facility with Banca Comerciala Romana, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania for refinancing its existing facilities, extending the maturity of the loans, rearranging the related terms and conditions and raising new funds up to a total amount of EUR 66 million. Tuca Zbarcea & Asociatii advised the syndicate of banks on the deal, with Banking partner Mihai Dudoiu at the helm of a team that also included managing associate Catalin Georgescu and senior associate Sergiu Negreanu. According to a press release issued by MedLife, the Company’s Board of Directors signed a syndicated credit facility with Banca Comerciala Romana, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania for refinancing its existing facilities, extending the maturity of the loans, rearranging the related terms and conditions and raising new funds up to a total amount of EUR 66 million. The additional credit facility of EUR 10 million will be a term facility and will be used by MedLife, along with the Company's own cash, for potential new acquisition opportunities arising on the market. Tuca Zbarcea & Asociatii advised the syndicate of banks on the deal, with Banking partner Mihai Dudoiu at the helm of a team that also included managing associate Catalin Georgescu and senior associate Sergiu Negreanu. MedLife is the largest private healthcare provider in Romania. (According to the information provided by http://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/M-Signing-of-syndicated-credit-facility/1948B)
November 6, 2018
Țuca Zbârcea & Asociații advised on a complex syndicated credit facility between MedLife and a syndicate of banks
According to a press release issued by MedLife, the Company’s Board of Directors signed a syndicated credit facility with Banca Comercială Română, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania for refinancing its existing facilities, extending the maturity of the loans, rearranging the related terms and conditions and raising new funds up to a total amount of EUR 66 million. Țuca Zbârcea & Asociații advised the syndicate of banks on the deal, with Banking partner Mihai Dudoiu at the helm of a team that also included managing associate Cătălin Georgescu and senior associate Sergiu Negreanu. [+]

According to a press release issued by MedLife, the Company’s Board of Directors signed a syndicated credit facility with Banca Comercială Română, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania for refinancing its existing facilities, extending the maturity of the loans, rearranging the related terms and conditions and raising new funds up to a total amount of EUR 66 million.

The additional credit facility of EUR 10 million will be a term facility and will be used by MedLife, along with the Company's own cash, for potential new acquisition opportunities arising on the market.

Țuca Zbârcea & Asociații advised the syndicate of banks on the deal, with Banking partner Mihai Dudoiu at the helm of a team that also included managing associate Cătălin Georgescu and senior associate Sergiu Negreanu.

MedLife is the largest private healthcare provider in Romania.

(According to the information provided by http://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/M-Signing-of-syndicated-credit-facility/1948B)

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Tuca Zbarcea & Asociatii secures top spot in IFLR 1000 yet again Tuca Zbarcea & Asociatii reconfirms its top-notch position in the financial and corporate market, according to the latest rankings of IFLR 1000. The firm achieved tier one rankings in all four areas of practice undergoing research this year: Banking and finance, Capital Markets, Mergers & Acquisitions, and Project Development. Moreover, 13 lawyers at the firm were praised for their professional activity. Tuca Zbarcea & Asociatii sets the seals on top rankings in the most recent edition of IFLR 1000 released in London, for yet another year. Tuca Zbarcea & Asociatii reconfirms its top-notch position in the financial and corporate market, according to the latest rankings of IFLR 1000. The firm achieved tier one rankings in all four areas of practice undergoing research this year: Banking and finance, Capital Markets, Mergers & Acquisitions, and Project Development. Moreover, 13 lawyers at the firm were praised for their professional activity. IFLR1000 is the guide to the world's leading financial and corporate law firms and lawyers. Their first rankings were published in 1990 and they currently research over 120 jurisdictions worldwide. For further details please also refer to: https://www.iflr1000.com/Jurisdiction/Rankings?id=196#ranking
November 2, 2018
Țuca Zbârcea & Asociații secures top spot in IFLR 1000 yet again

Țuca Zbârcea & Asociații reconfirms its top-notch position in the financial and corporate market, according to the latest rankings of IFLR 1000. The firm achieved tier one rankings in all four areas of practice undergoing research this year: Banking and finance, Capital Markets, Mergers & Acquisitions, and Project Development. Moreover, 13 lawyers at the firm were praised for their professional activity.

top_tier_firm_Tuca_Zbarcea___Asociatii [+]

Țuca Zbârcea & Asociații sets the seals on top rankings in the most recent edition of IFLR 1000 released in London, for yet another year.

Țuca Zbârcea & Asociații reconfirms its top-notch position in the financial and corporate market, according to the latest rankings of IFLR 1000. The firm achieved tier one rankings in all four areas of practice undergoing research this year: Banking and finance, Capital Markets, Mergers & Acquisitions, and Project Development. Moreover, 13 lawyers at the firm were praised for their professional activity.

IFLR1000 is the guide to the world's leading financial and corporate law firms and lawyers. Their first rankings were published in 1990 and they currently research over 120 jurisdictions worldwide.

For further details please also refer to: https://www.iflr1000.com/Jurisdiction/Rankings?id=196#ranking

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Event: GDPR – six months after its entry into force. Still hard to put in practice? On November 15th, at the Intercontinental Hotel, Fortuna Hall, will be held the conference “GDPR - Hard to Put in Practice?”. The event is hosted by Tuca Zbarcea & Asociatii and will have an interactive character, sprinkled with actual examples. The conference is mainly addressed to legal counsellors and data protection officers, human resources managers, marketing directors, and internal audit and information technology specialists. On November 15th, at the Intercontinental Hotel, Fortuna Hall, will be held the conference “GDPR - Hard to Put in Practice?”. The event is hosted by Tuca Zbarcea & Asociatii and will have an interactive character, sprinkled with actual examples. The conference is mainly addressed to legal counsellors and data protection officers, human resources managers, marketing directors, and internal audit and information technology specialists. Lectures will be given by lawyers from Tuca Zbarcea & Asociatii specialising in data protection and IT specialists from iSec Associates (member of ProVision IT Group), as well as Power Net Consulting, with extensive experience in ensuring security and data integrity. Also, representatives from The National Supervisory Authority For Personal Data Processing will be present at the event. According to the organisers, “through the GDPR - Hard to Put in Practice? conference, we aim to focus the experience gained by our specialists in coordinating and implementing GDPR compliance projects in the most diverse industries, from finance to telecom, creative industries, media or direct marketing. Thus, we will bring to the audience, from the GDPR “tranches”, a series of challenges and difficulties, practical solutions as well as grey areas that still require clarification or crystallisation based on secondary regulations, guidelines and the practice of ANSPDCP and other supervisory authorities.” The discussion topics will address the following issues: / Marketing vs. GDPR / LIAnt for legitimate interest / Disclosure of data at the request of public authorities / Operator or empowered person? A complicated casting / Employee monitoring. Same dilemmas, new challenges / Security of personal data - practical aspects / CASE STUDY Virtual world. Concrete risks or How to build a website fully compliant with GDPR? Further details on the registration procedure, the participation fee and the full program of the event can be found here: http://dataprivacyblog.tuca.ro/conferinta-bilant-la-6-luni-de-la-intrarea-in-vigoare-a-regulamentului-ue-nr-6792016-gdpr/
October 30, 2018
Event: GDPR – six months after its entry into force. Still hard to put in practice?
On November 15th, at the Intercontinental Hotel, Fortuna Hall, will be held the conference “GDPR - Hard to Put in Practice?”. The event is hosted by Țuca Zbârcea & Asociații and will have an interactive character, sprinkled with actual examples. The conference is mainly addressed to legal counsellors and data protection officers, human resources managers, marketing directors, and internal audit and information technology specialists. [+]

On November 15th, at the Intercontinental Hotel, Fortuna Hall, will be held the conference “GDPR - Hard to Put in Practice?”. The event is hosted by Țuca Zbârcea & Asociații and will have an interactive character, sprinkled with actual examples. The conference is mainly addressed to legal counsellors and data protection officers, human resources managers, marketing directors, and internal audit and information technology specialists.

Lectures will be given by lawyers from Țuca Zbârcea & Asociații specialising in data protection and IT specialists from iSec Associates (member of ProVision IT Group), as well as Power Net Consulting, with extensive experience in ensuring security and data integrity. Also, representatives from The National Supervisory Authority For Personal Data Processing will be present at the event.

According to the organisers, “through the GDPR - Hard to Put in Practice? conference, we aim to focus the experience gained by our specialists in coordinating and implementing GDPR compliance projects in the most diverse industries, from finance to telecom, creative industries, media or direct marketing. Thus, we will bring to the audience, from the GDPR “tranches”, a series of challenges and difficulties, practical solutions as well as grey areas that still require clarification or crystallisation based on secondary regulations, guidelines and the practice of ANSPDCP and other supervisory authorities.”

The discussion topics will address the following issues:
/ Marketing vs. GDPR
/ LIAnt for legitimate interest
/ Disclosure of data at the request of public authorities
/ Operator or empowered person? A complicated casting
/ Employee monitoring. Same dilemmas, new challenges
/ Security of personal data - practical aspects
/ CASE STUDY Virtual world. Concrete risks or How to build a website fully compliant with GDPR?

Further details on the registration procedure, the participation fee and the full program of the event can be found here: http://dataprivacyblog.tuca.ro/conferinta-bilant-la-6-luni-de-la-intrarea-in-vigoare-a-regulamentului-ue-nr-6792016-gdpr/  

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Tuca Zbarcea & Asociatii acts for Sanofi in €1.9 billion pharma deal Sanofi and Advent International have announced the completion of the deal under which Advent International purchased Zentiva, Sanofi’s European generics business for €1.9 billion. Tuca Zbarcea & Asociatii acted for Sanofi, with Bucharest M&A partner Sorin Vladescu and Capital markets partner Silvana Ivan-Hanganu at the helm of the team. They advised on the Romanian legal aspects incident to the transaction, including various corporate, commercial, M&A issues, as well as assisted in the structuring of the transaction from capital markets perspective (considering that Zentiva S.A. Romania is a company listed on the stock exchange). Sanofi and Advent International have announced the completion of the deal under which Advent International purchased Zentiva, Sanofi’s European generics business for €1.9 billion. According to a press release issued on Monday, Advent will support the Zentiva management team to invest in the company’s operations, production facilities and R&D pipeline. The deal was announced in April 2018 and was subject to finalisation of definitive agreements, completion of the appropriate social processes and approval of relevant regulatory authorities. Tuca Zbarcea & Asociatii acted for Sanofi, with Bucharest M&A partner Sorin Vladescu and Capital markets partner Silvana Ivan-Hanganu at the helm of the team. They advised on the Romanian legal aspects incident to the transaction, including various corporate, commercial, M&A issues, as well as assisted in the structuring of the transaction from capital markets perspective (considering that Zentiva S.A. Romania is a company listed on the stock exchange). Advent is a global investor, with over 25 years’ experience of investing in the healthcare sector. It has extensive experience of executing corporate carve-outs and leveraging this expertise will support Zentiva as it enters a new phase of its history as an independent business. Headquartered in Prague, Zentiva reaches over 40 million patients in 25 European countries, including Romania, being one of the largest generics players in Europe. (According to the information provided by https://www.adventinternational.com/advent-international-completed-acquisition-of-zentiva-from-sanofi/ and https://www.adventinternational.com/advent-international-enters-exclusive-negotiations-acquire-zentiva-sanofis-european-generics-business/)
October 2, 2018
Țuca Zbârcea & Asociații acts for Sanofi in €1.9 billion pharma deal

Sanofi and Advent International have announced the completion of the deal under which Advent International purchased Zentiva, Sanofi’s European generics business for €1.9 billion.

Țuca Zbârcea & Asociații acted for Sanofi, with Bucharest M&A partner Sorin Vlădescu and Capital markets partner Silvana Ivan-Hanganu at the helm of the team. They advised on the Romanian legal aspects incident to the transaction, including various corporate, commercial, M&A issues, as well as assisted in the structuring of the transaction from capital markets perspective (considering that Zentiva S.A. Romania is a company listed on the stock exchange). [+]

Sanofi and Advent International have announced the completion of the deal under which Advent International purchased Zentiva, Sanofi’s European generics business for €1.9 billion.

According to a press release issued on Monday, Advent will support the Zentiva management team to invest in the company’s operations, production facilities and R&D pipeline. The deal was announced in April 2018 and was subject to finalisation of definitive agreements, completion of the appropriate social processes and approval of relevant regulatory authorities.

Țuca Zbârcea & Asociații acted for Sanofi, with Bucharest M&A partner Sorin Vlădescu and Capital markets partner Silvana Ivan-Hanganu at the helm of the team. They advised on the Romanian legal aspects incident to the transaction, including various corporate, commercial, M&A issues, as well as assisted in the structuring of the transaction from capital markets perspective (considering that Zentiva S.A. Romania is a company listed on the stock exchange). 

Advent is a global investor, with over 25 years’ experience of investing in the healthcare sector. It has extensive experience of executing corporate carve-outs and leveraging this expertise will support Zentiva as it enters a new phase of its history as an independent business.

Headquartered in Prague, Zentiva reaches over 40 million patients in 25 European countries, including Romania, being one of the largest generics players in Europe.

(According to the information provided by https://www.adventinternational.com/advent-international-completed-acquisition-of-zentiva-from-sanofi/ and https://www.adventinternational.com/advent-international-enters-exclusive-negotiations-acquire-zentiva-sanofis-european-generics-business/)

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Double victory for Tuca Zbarcea & Asociatii at last night’s Lawyers’ Awards Gala organised by Ziarul Financiar Romania’s most active transactional lawyers were awarded last night for their achievements in some of the most spectacular M&A deals concluded in 2017 and in the first half of 2018. Lawyers’ Awards Gala celebrates and recognises legal excellence across various industries, from agriculture, retail to FMCG, energy, real estate, IT&C etc. A total of ten awards were handed out, with Tuca Zbarcea & Asociatii scoring a double victory. The firm scooped the prize for The Largest Deal in Agribusiness Sector and the prize for The Largest Deal in Retail, respectively. The firm received a total of five nominations at this year’s Lawyers’ Awards Gala. Romania’s most active transactional lawyers were awarded last night for their achievements in some of the most spectacular M&A deals concluded in 2017 and in the first half of 2018. Lawyers’ Awards Gala celebrates and recognises legal excellence across various industries, from agriculture, retail to FMCG, energy, real estate, IT&C etc. A total of ten awards were handed out, with Tuca Zbarcea & Asociatii scoring a double victory. The firm scooped the prize for The Largest Deal in Agribusiness Sector and the prize for The Largest Deal in Retail, respectively. The firm received a total of five nominations at this year’s Lawyers’ Awards Gala. According to the organisers, the acquisition of Agricost by Al Dahra stands out as the most significant transaction in the agribusiness sector in 2017-2018. “It was a complex and important deal, and I would like to make use of this opportunity to thank my colleagues for the role they played in this transaction. It’s a significant concession contract regarding the largest arable farm in Europe”, said Dan Borbely, Partner at Tuca Zbarcea & Asociatii and leading lawyer in this deal. Furthermore, the acquisition of all retail outlets operating under the CCC brand in Romania from Peeraj Brands International SRL was named the largest deal in retail for 2017-2018. “My team made the deal run smoothly and I am truly grateful for their dedication and support throughout. It was an interesting transaction, posing no major concerns for the parties involved. The CCC franchise had been developed up to the point where it was only natural for the owner (CCC) to buy the Romanian franchise operated under its brand”, said Dan Borbely, Partner at Tuca Zbarcea & Asociatii who acted for Peeraj Brands International SRL on this deal. Now in its ninth edition, Lawyers’ Awards Gala gathers more than 100 lawyers, consultants and top executives each year.
September 28, 2018
Double victory for Țuca Zbârcea & Asociații at last night’s Lawyers’ Awards Gala organised by Ziarul Financiar

Romania’s most active transactional lawyers were awarded last night for their achievements in some of the most spectacular M&A deals concluded in 2017 and in the first half of 2018. Lawyers’ Awards Gala celebrates and recognises legal excellence across various industries, from agriculture, retail to FMCG, energy, real estate, IT&C etc.

A total of ten awards were handed out, with Țuca Zbârcea & Asociații scoring a double victory. The firm scooped the prize for The Largest Deal in Agribusiness Sector and the prize for The Largest Deal in Retail, respectively. The firm received a total of five nominations at this year’s Lawyers’ Awards Gala. [+]

Romania’s most active transactional lawyers were awarded last night for their achievements in some of the most spectacular M&A deals concluded in 2017 and in the first half of 2018. Lawyers’ Awards Gala celebrates and recognises legal excellence across various industries, from agriculture, retail to FMCG, energy, real estate, IT&C etc.

A total of ten awards were handed out, with Țuca Zbârcea & Asociații scoring a double victory. The firm scooped the prize for The Largest Deal in Agribusiness Sector and the prize for The Largest Deal in Retail, respectively. The firm received a total of five nominations at this year’s Lawyers’ Awards Gala.

According to the organisers, the acquisition of Agricost by Al Dahra stands out as the most significant transaction in the agribusiness sector in 2017-2018. “It was a complex and important deal, and I would like to make use of this opportunity to thank my colleagues for the role they played in this transaction. It’s a significant concession contract regarding the largest arable farm in Europe”, said Dan Borbely, Partner at Țuca Zbârcea & Asociații and leading lawyer in this deal.

Furthermore, the acquisition of all retail outlets operating under the CCC brand in Romania from Peeraj Brands International SRL was named the largest deal in retail for 2017-2018. “My team made the deal run smoothly and I am truly grateful for their dedication and support throughout. It was an interesting transaction, posing no major concerns for the parties involved. The CCC franchise had been developed up to the point where it was only natural for the owner (CCC) to buy the Romanian franchise operated under its brand”, said Dan Borbely, Partner at Țuca Zbârcea & Asociații who acted for Peeraj Brands International SRL on this deal.

Now in its ninth edition, Lawyers’ Awards Gala gathers more than 100 lawyers, consultants and top executives each year.

Premiul_pentru_cea_mai_mare_tranzactie_din_sectorul_agricol Premiul_pentru_cea_mai_mare_tranzactie_din_retail

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Tuca Zbarcea & Asociatii advised Erste Bank Group on acquiring a minority shareholding in Banca Comerciala Romana (BCR) from SIF Oltenia Our team advised on the corporate and M&A implications of the transaction, as well as on the full spectrum of capital markets issues, considering that both Erste Group Bank and SIF Oltenia are listed on the Bucharest Stock Exchange. Deputy Managing Partner Stefan Damian and Partner Silvana Ivan led the deal for the buyer. Our team advised on the corporate and M&A implications of the transaction, as well as on the full spectrum of capital markets issues, considering that both Erste Group Bank and SIF Oltenia are listed on the Bucharest Stock Exchange. Deputy Managing Partner Stefan Damian and Partner Silvana Ivan led the deal for the buyer. Further to the acquisition of the minority stake of 6.29% from SIF Oltenia (an investment company), Erste Group’s participation in BCR is set to increase to 99.88%. The remaining 0.12% shares in BCR are held mainly by former and current BCR employees. Subject to the successful completion of Erste Group and SIF Oltenia’s corporate and regulatory approval processes (Extraordinary General Meeting of Shareholders in SIF Oltenia’s case, Supervisory Board and European Central Bank in Erste Group’s case), the purchase will be implemented in a single sale-purchase transaction. The parties signed the sale-purchase agreement on August 16th, 2018. (According to the information provided by https://www.erstegroup.com/en/news-media/press-releases/2018/06/25/erste-group-sif-oltenia-agreement-alias and http://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/SIF5-Semnare-contract-de-vanzare-cumparare-a-pachetului-de-actiuni-detinut-la-BCR/02AAE)
August 21, 2018
Țuca Zbârcea & Asociații advised Erste Bank Group on acquiring a minority shareholding in Banca Comerciala Romana (BCR) from SIF Oltenia
Our team advised on the corporate and M&A implications of the transaction, as well as on the full spectrum of capital markets issues, considering that both Erste Group Bank and SIF Oltenia are listed on the Bucharest Stock Exchange. Deputy Managing Partner Stefan Damian and Partner Silvana Ivan led the deal for the buyer. [+]

Our team advised on the corporate and M&A implications of the transaction, as well as on the full spectrum of capital markets issues, considering that both Erste Group Bank and SIF Oltenia are listed on the Bucharest Stock Exchange. Deputy Managing Partner Stefan Damian and Partner Silvana Ivan led the deal for the buyer.

Further to the acquisition of the minority stake of 6.29% from SIF Oltenia (an investment company), Erste Group’s participation in BCR is set to increase to 99.88%. The remaining 0.12% shares in BCR are held mainly by former and current BCR employees.

Subject to the successful completion of Erste Group and SIF Oltenia’s corporate and regulatory approval processes (Extraordinary General Meeting of Shareholders in SIF Oltenia’s case, Supervisory Board and European Central Bank in Erste Group’s case), the purchase will be implemented in a single sale-purchase transaction.

The parties signed the sale-purchase agreement on August 16th, 2018.

(According to the information provided by https://www.erstegroup.com/en/news-media/press-releases/2018/06/25/erste-group-sif-oltenia-agreement-alias and http://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/SIF5-Semnare-contract-de-vanzare-cumparare-a-pachetului-de-actiuni-detinut-la-BCR/02AAE)

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Tuca Zbarcea & Asociatii advises The Rohatyn Group on acquiring Animax pet shops The Rohatyn Group (TRG), a private equity firm with $6 billion deployed since 2005, acquired the largest pet shop chain in Romania, operated by Pet Product SRL under the brand name Animax. The deal involves more than 80 stores in Bucharest and throughout the country. M&A Partner Catalin Baiculescu led the transaction alongside Mihaela Baiculescu, Senior Associate and Iulian Maier, Associate. In addition, Andreea Oprisan, Managing Associate, Sergiu Negreanu, Associate and Ramona Chitu (Moisa), Tax Director covered the competition law, banking law and tax implications of the deal. The Rohatyn Group (TRG), a private equity firm with $6 billion deployed since 2005, acquired the largest pet shop chain in Romania, operated by Pet Product SRL under the brand name Animax. The deal involves more than 80 stores in Bucharest and throughout the country. M&A Partner Catalin Baiculescu led the transaction alongside Mihaela Baiculescu, Senior Associate and Iulian Maier, Associate. In addition, Andreea Oprisan, Managing Associate, Sergiu Negreanu, Associate and Ramona Chitu (Moisa), Tax Director covered the competition law, banking law and tax implications of the deal. “We’re proud to have been retained by TRG for such a complex yet spectacular assignment. The TRG presence in Romania demonstrates once again the interest of big investors for the local market, amid country’s economic growth in the last years and the advance of the domestic consumption”, says Catalin Baiculescu. The Rohatyn Group (TRG) is one of the largest emerging markets private equity asset managers globally. With presence in 18 cities, TRG deployed $6 billion in 140 companies since 2005, with a current value of $9.2 billion. Prior to founding TRG in 2002, Nicolas Rohatyn spent 19-years at J.P. Morgan, including 5 years as a member of J.P. Morgan’s executive management team. Catalin Baiculescu stands amongst the best M&A lawyers in Romania, being ranked as a leading lawyer by the Legal 500, Chambers Europe and IFLR 1000. For the past 20 years, he advised international companies, investment funds, financial institutions and local entrepreneurs in connection with domestic and cross-border deals amounting to several billions of euros. (According to the information provided by http://www.zf.ro/companii/retail-agrobusiness/deloitte-confirma-ca-fondul-de-investitii-rohatyn-group-a-preluat-reteaua-animax-17350155)
July 12, 2018
Țuca Zbârcea & Asociații advises The Rohatyn Group on acquiring Animax pet shops
The Rohatyn Group (TRG), a private equity firm with $6 billion deployed since 2005, acquired the largest pet shop chain in Romania, operated by Pet Product SRL under the brand name Animax. The deal involves more than 80 stores in Bucharest and throughout the country. M&A Partner Cătălin Băiculescu led the transaction alongside Mihaela Băiculescu, Senior Associate and Iulian Maier, Associate. In addition, Andreea Oprișan, Managing Associate, Sergiu Negreanu, Associate and Ramona Chițu (Moisă), Tax Director covered the competition law, banking law and tax implications of the deal. [+]

The Rohatyn Group (TRG), a private equity firm with $6 billion deployed since 2005, acquired the largest pet shop chain in Romania, operated by Pet Product SRL under the brand name Animax. The deal involves more than 80 stores in Bucharest and throughout the country.

M&A Partner Cătălin Băiculescu led the transaction alongside Mihaela Băiculescu, Senior Associate and Iulian Maier, Associate. In addition, Andreea Oprișan, Managing Associate, Sergiu Negreanu, Associate and Ramona Chițu (Moisă), Tax Director covered the competition law, banking law and tax implications of the deal.

“We’re proud to have been retained by TRG for such a complex yet spectacular assignment. The TRG presence in Romania demonstrates once again the interest of big investors for the local market, amid country’s economic growth in the last years and the advance of the domestic consumption”, says Cătălin Băiculescu.

The Rohatyn Group (TRG) is one of the largest emerging markets private equity asset managers globally. With presence in 18 cities, TRG deployed $6 billion in 140 companies since 2005, with a current value of $9.2 billion. Prior to founding TRG in 2002, Nicolas Rohatyn spent 19-years at J.P. Morgan, including 5 years as a member of J.P. Morgan’s executive management team.

Cătălin Băiculescu stands amongst the best M&A lawyers in Romania, being ranked as a leading lawyer by the Legal 500, Chambers Europe and IFLR 1000. For the past 20 years, he advised international companies, investment funds, financial institutions and local entrepreneurs in connection with domestic and cross-border deals amounting to several billions of euros.

(According to the information provided by http://www.zf.ro/companii/retail-agrobusiness/deloitte-confirma-ca-fondul-de-investitii-rohatyn-group-a-preluat-reteaua-animax-17350155)

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