Clifford Chance Badea and Bondoc si Asociatii in the Abris Capital acquisition of MG Tec

Category: M&A

June 30, 2015 11:57

Investment fund Abris Capital grows it's investment portfolio in Romania with the acquisition of tissue paper manufacturer MG-Tec. The transaction is subject to sell a stake in the paper division of MG TEC Group, which includes companies Pehart Tec, Metalicplas Distribution, Metalicplas Impex and Samus Constructii.

As part of the transaction, Abris will take over the 25% stake held by the European Bank for Reconstruction and Development (EBRD) at Pehart Tec factory in Petreşti (Alba). The transaction is subject to approval of the Competition Council, reads a release issued by the investment fund. Abris Capital Partners was advised by Clifford Chance Badea in the transaction while Bondoc and Associates law firm assisted the seller.

Arbis Capital is at it's third transaction in Roamnia, after the acquisition of Cargus and Urgent Curier. The business of 114 million euro in 2013 and over 1,000 employees founded by businessman Ioan Tecar produces tissue paper, toilet paper, kitchen towels and napkins, the best known brands of the company being Pufina and Alint.