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.
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