The company Vector Watch, founded by Romanian entrepreneur Radu Georgescu obtained the third financing after it's launch in value of 5 million dollars. The funds will be used to extend US office and product development. Financing came from parent company Gecad Group that led the investment with 2 mil. $, Followed by 3TS Fund Catalyst Romania 1.6 mil. $ and a number of private investors among which the co-founders of eMag who made the difference of 1.4 mil. $. The investment fund Catalyst Romania was represented in the process by law firm RTPR Allen&Overy, with a team led by Costin Taracila. ...more »

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Dentons Bucharest office has advised the International Investment Bank in connection with a new project in Romania.The project envisaged a €15 million loan granted to the manufacturer of electrical wirings - Romcab Targu-Mureș. The credit f...more »

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 »

Dentons advised the oil and gas company Petroceltic on the purchase of equity in two Black Sea exploration blocks (40% in EX-27 Muridava Block previously held by a subsidiary of Sterling Resources and 30% in the EX-28 Est Cobalcescu Block previously held by a subsidiary of Beach Energy), in the Romanian sector of the Black Sea. ...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 »

Dentons assisted AmRest in acquiring the two Starbucks franchises in Romania and Bulgaria. For AmRest this acquisition is the entryway into the Romanian market – the second in size in Central Europe - and will strengthen its leadership position in the region. AmRest will now operate 18 Starbucks coffee shops in Romania, and 5 in Bulgaria. ...more »

Law 122/2015 for the approval of some measures for promoting electricity from renewable energy sources and also for amending and supplementing some normative acts was published in the Official Gazette. The purpose of this law is to revitalize the renewable energy market and support the companies owning projects from renewable energy sources with capacities smaller than 3 MW....more »

Bucharest City Hall has borrowed 2.2 billion RON through a bond issue listed on the Bucharest Stock Exchange in the largest bond issue ever in Romania started by a municipality....more »

Law firm PeliFilip assisted Tiriac Holdings Ltd. on the sale of the 45% stake in UniCredit Tiriac Bank to the bank's majority shareholder, the Italian group UniCredit. This represents the largest transaction of the year in the banking sector. ...more »