Popovici Nițu Stoica & Asociații (PNSA) has assisted the owners of Bit Soft, a leading IT Romanian player specializing in integrated software solutions for the hospitality industry, in respect of their divesture in favour of Volaris Group.

PNSA provided legal assistance throughout the entire M&A process, from preliminary discussions, due diligence, transaction structuring, up to transaction documents, negotiations and further assistance to signing and closing.

PNSA team advising on the deal was led by Partner Bogdan C. Stoica and comprised Ioana Lazăr (Senior Associate), Crina Stan (Associate) and Alexia Trofin (Associate), as well as Partner Mihaela Ion on competition matters and Managing Associate Camelia Constantin on IP related matters.

Bit Soft is a Romania-based technology company specializing in integrated software solutions for the hospitality industry. With more than 30 years of experience, Bit Soft offers a full suite of modern tools for hotels, restaurants, and hospitality brands. 

Volaris acquires, strengthens, and grows vertical market technology companies. As an operating group of Constellation Software Inc. (TSX: CSU), Volaris is committed to a buy-and-hold-forever philosophy, enabling acquired companies to grow and thrive over the long term.