RTPR has advised Autonom Services S.A. in relation to the acquisition of Premium Leasing, the operational leasing business of Tiriac Group. Autonom Services is the most important independent player on the operational leasing and rent-a-car markets in Romania. Completion of the transaction is subject to approval by the Competition Council.
“At Autonom, we have been involved in many transactions in the last 10 years. Each time we meet a more complex situation, our first thought is to turn to RTPR. For the acquisition of Tiriac group’s operational leasing division, Alina Stavaru and her team were next to us on every step, their involvement gave us comfort and security”, declared Marius Stefan, CEO of Autonom Services.
For this project RTPR selected a multidisciplinary team of lawyers coordinated by Partners Costin Tărăcilă and Alina Stăvaru which included several workstreams. Along the two partners, the due diligence team included Ana Maria Barbu(Senior Associate), Diana Dimitriu (Managing Associate), Codrina Simionescu (Associate), Miruna Tocileanu, Flavia Mincu and Adrian Mușcălău (Junior Associates). The negotiation of transaction documents involved Costin Tărăcilă and Alina Stăvaru, who were supported by Ana Barbu and Adrian Hlistei-Mureșan (Managing Associate). Roxana Ionescu(Partner) and Șerban Hălmăgean (Associate) advised on competition aspects of the deal, while Mihai Ristici (Partner), Ana Barbu (Senior Associate) and Marina Fechetă-Giurgică (Managing Associate) on capital markets issues.
“I am happy we started this year with a new transaction with our friends from Autonom, In less than 4 years, this is already the fourth mandate we received from them, which honours us and we would like to thank them for putting their trust in us repeatedly. For us, as lawyers, when a client returns to us with a new project represents the utmost satisfaction and the recognition of the quality of our services. Congratulations Autonom and we are looking forward to new challenges!”, said Costin Taracila, Managing Partner.
“I was honoured to assist Autonom in their first deal run by our team in 2018 and at the time I was saying that I was confident in the success of this business. Almost 4 years later I am pleased to observe that I have correctly guessed the potential of Autonom, which has developed nicely and continues on a road paved with accomplishments. I am proud to support them in this journey that continues, and I wish them the best of luck going forward”, declared Alina Stavaru, Partner RTPR.
In 2018, the law firm advised Autonom on the acquisition of BT Operational Leasing from the Banca Transilvania group. Subsequently RTPR assisted Autonom in relation to the first issue of corporate bonds on the regulated market managed by the Bucharest Stock Exchange. At the end of 2021, RTPR announced its third project with Autonom, namely the implementation of the first corporate bond offer programme established by a local issuer and respectively, the private placement of the first tranche of corporate bonds issued under the offer programme through which Autonom attracted over EUR 48 million funds.