International law firm CMS has advised private equity and growth capital investments firm Integral Venture Partners (“Integral”) on entering into a definitive agreement for the acquisition of a majority stake in Romanian-based O’Fresh Vending Solutions (“O’Fresh”), a leading provider of vending, office coffee, and clean water services to business clients.
Integral manages institutional private equity and growth capital and focuses on investments in Central and South-Eastern Europe. Integral’s fund is backed by leading international institutional investors including the EIF, the EBRD, and the IFC.
O’Fresh is the leading Romanian provider of vending services (snacks and beverages), office coffee solutions (OCS), and point-of-use bottle-free clean water services (POU bottle-free water coolers), complemented by a suite of additional innovative service lines such as self-service bistros and office fruit deliveries.
CMS advised Integral on all Romanian aspects of the transaction, including legal and tax due diligence, structuring options, share purchase agreement and the shareholder’s agreement. The transaction is subject to review by the Romanian Competition Council.
Managing Partner of CMS Romania and Head of CEE Corporate M&A Horea Popescu said, “We are honoured to have supported our client, Integral Venture Partners, on this important acquisition in Romania, which serves to reinforce their presence on the local market and cement a strategic partnership with O’Fresh. For O'Fresh, this transaction will accelerate and extend their market coverage in Romania.”
The CMS team advising Integral Venture Partners was led by Claudia Nagy (Corporate and M&A) under the supervision of Horea Popescu (Corporate M&A) and included Catalin Vasile and Cristina Ciomoş (Corporate and M&A), Andrei Tercu (Tax), as well as a wider team of specialists for the various areas of interest in relation to the transaction.