Wolf Theiss advised Holmbergs Safety Systems Holding in the acquisition of the romanian company Te-ROX Prod
Ileana Glodeanu, Partner at Wolf Theiss

Wolf Theiss assisted Holmbergs Safety Systems Holding AB, a Swedish company with tradition in manufacturing fastening systems in vehicles and special applications, in the acquisition of Te-Rox Prod S.R.L., a family owned leading European producer of covers and safety belts for children car seats.

Holmbergs supplies critical safety systems to more than 13 million child safety seats annually and this transaction will help the company continue its mission to save lives, reduce injury and mitigate damage in vehicles. Through this transaction Holmbergs will have a platform both for continued growth and for serving its clients with local and swift production. Holmbergs is a portfolio company of FSN Capital, the leading Northern European private equity investment firm focused on the middle-market segment.

The Romanian team of Wolf Theiss assisted the Swedish acquiror in all stages of the transaction, from carrying out the legal due diligence on the target, to handling the negotiation process of the transaction documentation and reaching a successful closing. 

"We are very pleased with the high-quality services provided by the Wolf Theiss team led by Ileana Glodeanu. This was the first time we worked together with Wolf Theiss and despite not being able to meet in person during the process due to the pandemic situation, our collaboration worked seamlessly and the team at Wolf Theiss quickly understood our values and key matters of importance for us. We are very glad to welcome Te-Rox to the Holmbergs family and are thankful to all parties that contributed to making this transaction happen." declared Anders Sandell, CEO, Holmbergs Safety Group.

"We are grateful for having created such a special relationship and enjoyable collaboration with the leading private equity fund from the Nordics, supporting the entrepreneurship in our country in these tough times. This exciting transaction involved one of the several Romanian entrepreneurial success stories and I am thankful for the good spirits and extraordinary commitment we have witnessed on all sides." stated Ileana Glodeanu, Wolf Theiss Partner and Coordinator of the Corporate / M&A team in Romania.

Under the lead of Ileana Glodeanu, Luciana Tache (Senior Associate, Corporate M&A), Adina Aurel (Senior Associate, Corporate M&A), Cornelia Postelnicu (Associate, Corporate M&A), Iulia Cumpăratu (Associate, Corporate M&A), Anca Jurcovan (Partner, Competition&Antitrust), Yarina Laufer (Associate, Competition &Antitrust), Adelina Iftime-Blagean (Counsel, Employment), Costin Șalaru (Associate, Employment), Ramona Enache (Associate, Employment), Flaviu Nanu (Counsel, Real Estate & Construction), Alexandru Roman (Associate, Real Estate & Construction), Andrei Sălăgeanu (Associate, Real Estate & Construction), Nina Lazar (Associate, Data Protection), Alexandru Asaftei (Associate, Banking & Finance), Cătălin Sabău (Associate, Banking & Finance) and Sorin Dumitru (Associate, Dispute Resolution), made up the Wolf Theiss Team.

RTPR has assisted the shareholders of Te-Rox Prod. The RTPR team included Alina Stavaru (Partner), Marina Fecheta-Giurgica (Associate) and Raluca Marcu (Junior Associate). Together with the RTPR lawyers, a team of lawyers from David & Baias assisted the two founders of Te-Rox Prod, Doina and Roxana Cepalis, while PwC provided financial and fiscal advice.

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