July 02, 2018 16:22 
Bucharest's regional office, Wolf Theiss, assisted BT Investments, a member of Transilvania Bank Group, the largest financial group in Romania, selling its 100% stake in BT Operational Leasing, a operational leasing and car rental company. Buyers are two companies of the Autonom group, the largest local mobility network in Romania.
The transaction was signed on 27 April this year and was successfully completed on June 29, 2018. Financial Group Banca Transilvania sold BT Operational Leasing to Autonom Group and established a partnership with Autonom, through which the bank's clients will have access to an extended mobility package, including leasing, fleet management, roadside assistance, car rental and car rental with driver.
Wolf Theiss has assisted BT Investments throughout the entire competitive bidding process, covering all stages of the process, from process letters and information memoranda, to the popularity of the virtual data room and the due diligence analyzes of potential buyers at the indicative bids and irrevocable bids until preparation and negotiation of the sale and purchase contract and transaction documents, culminating in the signing and ultimately successful completion of the transaction.
"We had several transactions with important impact in the field of mergers and acquisitions this year, Banca Transilvania group being in some cases buyers, while in the project concluded on Friday, June 29, we were sellers. In the transaction completed last week, we have had new consultants from Wolf Theiss and BT Capital Partners, who have come not only with quality services but also with a results-oriented approach that has had a decisive role in finalizing the success of the sale of BT Operational Leasing, "said Mihaela Nadasan, Administrator of BT Investments.
"We particularly enjoyed and appreciated this transaction, which was managed by people with incredible ability to make quick decisions and was coordinated by BT Capital Partners' professional team of consultants. It is a very effusive period on the M & A market, we have concluded two transactions in a single week, but the sale of BT Operational Leasing is very dear to us, being a model of professionalism and efficiency, "said Ileana Glodeanu, Partner at Wolf Theiss Bucharest and coordinator of the Corporate / M & A Practice Group.
The team of lawyers at Wolf Theiss Bucharest who assisted the seller in this transaction was coordinated by Ileana Glodeanu, Partner and was composed of Mircea Ciocîrlea, Senior Associate and Luciana Tache and George Ghiţu, Associates.
Law firm RTPR Allen & Overy assisted the buyers from Autonom Services and team was coordinated Costin Tărăcilă (Managing Partner), assisted by Alina Stăvaru (Counsel).
