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 »

Aegon Societate de Administrare a unui Fond de Pensii Administrat Privat S.A. (AEGON) along with other managing companies of mandatory private pension funds (Pillar II) were sanctioned by the Council of Competition for an alleged allocation of customers. RTPR Allen & Overy, the representative law firm of AEGON in this situation, managed to obtain in court a reduction with over 80% of the fine imposed. In the first instance, The Bucharest Court of Appeal annulled the fine. ...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 »

MedLife and other group entities were granted 56 million EUR from a syndicate of banks made up of Banca Comercială Română, as coordinator, BRD-Groupe Société Générale, ING Bank N.V Amsterdam – Bucharest Branch, and Raiffeisen Bank. MedLife will use the resources in order to develop its business and consolidate its position on the Romanian market.  The banks were provided legal assistance by the RTPR Allen & Overy team: Victor Pădurari (Partner), Andreea Burtoiu (Counsel), Poliana Naum (Senior Associate), Andreea-Ramona Chiriac (Associate) and Petru Ursache (Junior Associate), who declare to be “happy to assist local credit institutions  on every occasion, these institutions being one of the most important pillars in supporting and developing investments in Romania”. ...more »