RTPR Allen & Overy has advised South Eastern European Fund in relation to the sale of Total Soft S.A., the most important ERP producer in Central Europe. South Eastern European Fund is the private equity fund advised by Global Finance, one of the largest private equity firms in Central and Eastern Europe with a presence of more than 25 years in the region. The transaction was signed last week, the buyer is the Turkish company Logo Yazilim, which is owned by the private equity fund Mediterra Capital Partners....more »

Following the transaction announced on September 1, 2016, Direct One S.A. will take control of Netcity Group SA. the concessionaire of underground fiber optic network in Bucharest, following the agreement signed with UTI and UTI Investment BV  Direct One is the operator of a national network of over 5,500 kilometers of optical fiber. Tuca Zbârcea & Asociaţii  was the law firm that assisted the buyer, namely Direct One S.A with a team  coordinated by Catalin Baiculescu, Partner  and Vlad Cercel, Partner in the firm. The buyer was assisted in this transaction by law firm Leaua si Asociatii....more »

The Bucharest office of international law firm Schoenherr has advised Austrian insurer Vienna Insurance Group (VIG) in the acquisition of Romanian operations owned by French group AXA. The transaction, signed on August 3 in Paris, is t...more »

S&T AG, a multinational technology IT group and supplier of smart energy technologies, took over a majority stake in Gadagroup Romania, a distributor of medical devices and special medical equipment, thus making an entrance on the market of healthcare services. The purchaser was advised by German law firm Noerr. The legal team of Noerr was coordinated by Luiza Bedros (Senior Associate), under the supervision of Rusandra Sandu, Partner and Head of Corporate/M&A practice....more »

Balkan Accession Fund (BAF), a private equity fund advised by Axxess Capital and Stefan Ponea, founder and CEO of Industrial Access SA, a premium provider of equipment rental services in South Eastern Europe have signed an agreement for the transfer of 100% of the shares in Industrial Access SA to TVH Group, a worldwide provider of parts for materials handling and other industrial equipment and of powered access rental services....more »

ANA IMEP, electrical engines producer from Pitesti, and with 49 year history in the national and international markets, was purchased in proportion of 94,8 % by the Japanese From Nidec Corporation, a world class electrical engine producer, listed at the New York Stock Exchange. According to the Romanian company, the owners decided to sell in order to make room for future growth, giving that Nidec uses the highest production technologies, and is oriented towards developing new platforms for the auto, appliances, and industrial engines industries. Moreover, Nidec intends to invest substantially in improving the actual production capacity of the factory, and is planning to develop IMEP as an engineering and centralized services center....more »

MedLife, the leader of the private healthcare services in Romania, purchased the majority shares package of DentEstet, comprising a network of seven dental clinics with revenue of 5.5 million EUR in 2015. This is the first transaction in the dentistry segment for Medlife. "In the following period, we aim to extend the group of DentEstet clinics with at least one or two units per year, and dentistry is going to become one of the six business divisions within MedLife, along with hyper clinics, labs, hospitals, maternities, and drug stores", says Mihai Marcu, the president of the administration council of MedLife. Law firm bpv. Grigorescu Stefanica assisted the seller DentEstet in this transaction. ...more »

“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 »