“Noriel” group, the largest toys and games retailer in Romania was purchased by the Polish private equity fund Enterprise Investors, one of the biggest private equity funds in Central and Eastern Europe that gathers 8 funds with a total capital of over 2 billion EUR. Axxess Capital (minority shareholder) and brothers Cristian and George Constantinescu (founders and majority shareholders) closed the deal with Enterprise Investors, that also owns the supermarket chains “Profi”, for companies Noriel Impex, Toys and Games Industry, and Intertoy Zone. The sale purchase agreement was signed yesterday and the transaction will be closed subject to approval by the Competition Council and the fulfilment of other conditions precedent....more »

Invia, the largest online travel agency in the Czech Republic, and one of the most notorious online travel deals providers in Central and Eastern Europe owned by MCI Tech Ventures, was purchased by Rockaway Capital SE, member of a private and risk ...more »

Potentially the largest online transaction to date was announced at the end of March 2016, Swiss group Ringier buying the majority stake in real estate portal Imobiliare.ro. The transaction value was not officially announced but is being estimated to exceed 15 million euro according to market sources. Ringier Romania bought the 87% stake in Realmedia Network from shareholders Broadhurst Investments Limited, Kurt Götz and the management of Imobiliare.ro. The current management team still holds a minority stake and will continue to operate the company.  ...more »

Carpatica Asig SA, the insurance company that now makes object to several intervention measures on the basis of insurants’ resolution and redressing law, was acquired by International Insurance Consortium, an investments company from the Netherlands, with a focus on the insurance companies from Eastern and South-Eastern Europe. IIC was represented by Wolf Theiss in this transaction. The team of lawyers led by Ileana Glodeanu claims the transaction to have been a true challenge, considering the suspensive conditions, certain criminal law ramifications, the changes in the legislation in the past months and, finally, regulations on the way to be enacted. The seller was advised by a team of lawyers led by Dumitru Rusu from Voicu Filipescu....more »

bpv Grigorescu Ştefănică advised the Chinese company Ningbo Joyson Electronic Corporation (Joyson Electronics) in a transaction valued at $920 million, by which the company acquired Key Safety Systems. This is one of the largest transactions in the automotive sector of the early 2016. Joyson Electronics, one of the world’s leading suppliers of automotive components, has signed the agreement for the acquisition of the auto supplier Key Safety Systems. Key Safety Systems, a US manufacturer of security systems for the automotive industry, such as airbags, steering wheels, seat belts, is operating in 32 locations around the world, including Romania, where it is present with facilities in Arad and Hunedoara. ...more »

Local law firm RTPR Allen & Overy advised the private equity fund Enterprise Investors in relation to the sale of Smartree Romania, an important player on the market providing outsourcing payroll and personnel administration process services. RTPR Allen & Overy assisted Enterprise Investors in relation to several transactions such as the exit from Siveco Romania, the acquisition of Macon and Simcor or the acquisition and subsequent sale of Artima. ...more »

Țuca Zbârcea & Asociații assisted McDonald’s in a complex transaction finalised on 22 January 2016 whereby the shares of McDonald’s System of Romania, Inc., a Delaware company which owns its Romanian subsidiary were sold to Premier Capital SRL, a subsidiary of the Maltese company Premier Capital plc. The transaction also included a franchise pursuant to which the former Romanian subsidiary of McDonald’s will continue to operate the restaurants and use the McDonald’s brand, a developmental licensee concept previously implemented by McDonald’s with Premier Capital group of companies in several other countries (Malta, Greece and the Baltic countries). The team of lawyers at Țuca Zbârcea & Asociații involved in the project included Cornel Popa (Partner) and Andreea Lisievici (Managing Associate), who have assisted McDonald’s in the negotiation, execution and closing of the transaction documents. The buyers, Premier Capital and Daniel Boaje, were represented in this transaction by Musat & Asociatii...more »

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Polish juice manufacturing group Maspex Wadowice has acquired Romanian mineral water producer Rio Bucovina, the transaction being subject to approval by the Competition Council. Rio Bucovina is the second largest manufacturer of water in terms of...more »

Investment fund Abris Capital grows it's investment portfolio in Romania with the acquisition of tissue paper manufacturer MG-Tec. The transaction is subject to sell a stake in the paper division of MG TEC Group, which includes companies Pehart Tec, Metalicplas Distribution, Metalicplas Impex and Samus Constructii....more »