Allen & Overy RTPR assisted Advent International Corporation in the sale of Regina Maria
RTPR Allen & Overy provided legal
advice Advent International Corporation in connection with the sale
Unirea Medical Center SRL - Medical service operator which operates
under the name "Regina Maria" to investment fund Mid Europa
Partners. The transaction is subject to approval by the Competition
Council.Costin Tărăcilă (Managing Partner)
Alina Stăvaru (Counsel) and Roxana Ionescu (Senior Associate)
coordinated RTPR Allen & Overy team who assisted in this
transaction Advent International. "We enjoy the successful
conclusion of this transaction and we thank Advent International
Corporation for their trust. Advent is a client we have worked with
in other transactions such as the exit from Ceramica or the purchase
Unirea Medical Center "said Costin Tărăcilă, Managing Partner
of the law firm.
In a transaction estimated to around
100 million Euro, the private healthcare services operator Regina Maria was acquired by the investment fund Mid Europa Partners, the
deal being signed at the beginning of August 2015. The main
shareholders were Advent International investment fund with eighty percent of the shares and founder, cardiologist Wargha Enayati
with twenty percent.
Regina Maria had a turnover of 55 mil. Euro in
2014, and this year has budgeted a 20% increase in business at 67
mil. Euro. The investment fund Mid Europa is focused on acquisitions
in Central and Eastern Europe and Turkey and was once close to buy
Maria Regina, losing the fight in favor of Advent International that
bought into the company with an estimated 30 million Euro. The
finalists in the race to acquire Maria Regina were investment fund
Mid Europa and Acibadem, one of the largest private healthcare
providers in Turkey.