RTPR has assisted Global Records and Stefan Lucian, the founder and CEO of the company, in the process of selling a 25% stake in the company to Believe, one of the world’s leading digital music companies and of setting up the terms of their strategic partnership. Global Records represents top artists such as INNA, Minelli, Carla’s Dreams, Antonia, Holy Molly, DJ Project, Irina Rimes, The Motans, Alina Eremia, Olivia Addams and is on its active route to global expansion, having secured physical presence in Germany, but also in US via the Honua Music Group subsidiary, a division created following Global Record’s acquisition of independent US music publisher Honua Music. The transaction is subject to customary regulatory approvals.

“I would like to thank RTPR for their dedication in this transaction. Very commercial, very involved, understanding not only the legal aspects but also the commercial ones and particularly focusing on the important and relevant matters in the long term, we managed to close a record deal for the Romanian music industry”, declared Stefan Lucian, founder and CEO of Global Records.

“We had in the RTPR team a partner who is very experienced in M&A and at the same time oriented to understanding our needs, the specifics of the business and the industry in which we operate. The creativity and involvement of the firm’s lawyers helped us navigate this complex process from a legal point of view and negotiate a very good deal. Thank you to Costin, Alina, Marina, Roxana, Maria for supporting us with professionalism and dedication, at any time of the day throughout this period. This transaction would probably have been much more difficult or would have lasted longer without their flawless involvement”, added Olga Juverdeanu, Managing Director at Global Records.

The team of M&A lawyers was led by Costin Taracila (Managing Partner) and included Alina Stavaru (Partner), Marina Fecheta-Giurgica (Senior Associate) and Maria Luca (Junior Associate). Roxana Ionescu (Partner) and Serban Halmagean(Associate) have advised on competition matters of the transaction and will further assist our clients in relation to merger clearance and FDI formalities. Support for the M&A part of the project was also ensured by junior associates David Mirea, Irina Marinescu and Andrei Nicolae.

“Each new mandate is further evidence of our lawyers’ talent and exceptional skills and outstanding teamwork, as well as unrivalled expertise in the most sophisticated mergers and acquisitions. We are pleased to announce the signing of a new M&A deal, this time in the music industry. The energy and vision of Lucian and his team led by Olga to create a top player in the industry are fascinating, and the collaboration with such ambitious entrepreneurs is not only challenging, but above all it is a significant source of inspiration for us. It is a great joy to support a Romanian entrepreneur who is a leader in CEE and has even greater ambitions”, said Costin Taracila, Managing Partner of RTPR.