Cristian Popescu, Dentons

Dentons assisted Asseco SEE, one of the largest IT companies in South East Europe, in the acquisition of a majority stake in Bithat Solutions, a Romanian company specialized in data and document management solutions.

Through the acquisition, Asseco SEE continues its strategy of expanding its document management solutions and accelerating the growth of its business.

Bucharest-based partner Cristian Popescu (Corporate M&A) led the transaction team, assisted by counsel Cristina Marcu and associates Cristina Florea and Alin Dimache. The Dentons team coordinated all legal aspects of the acquisition, from the extended due diligence to the drafting and negotiation of the transaction documents.

Cristian Popescu commented: “We are honored to assist Asseco in yet another transaction on the Romanian market, our second collaboration in less than a year. The successful completion of Bithat acquisition represents a new stage for our client in its strategy expand its portfolio of online document management solutions and digital services, while consolidating its market position in Romania and the SEE region."

Last year Dentons also advised Payten, a member of the Asecco SEE Group, on the acquisition of a majority stake in ContentSpeed, a leading eCommerce software and solution provider on the Romanian market.