Mergers & Acquisitions:
Costin Taracila
costin.taracila@rtpr.ro
Mihai Ristici
mihai.ristici@rtpr.ro
Alina Stavaru
alina.stavaru@rtpr.ro
Recent transactional highlights:
- Macquarie Infrastructure and Real Assets (MIRA) on the acquisition of a portfolio of power assets owned by CEZ Group in Romania. This is the largest M&A transaction in Romania in the last 12 years.
- Enterprise Investors on the sale of Profi supermarket chain to Mid Europa Partners, the largest deal ever completed by a private equity fund in Romania and the largest deal in the retail sector in the country’s history
- the shareholders of A&D Pharma, the largest pharma group in Romania, operating wholesale, retail and marketing & sales business and with operations in CEE as well, on the sale of the entire group to Dr Max, the Czech pharmacy chain owned by Penta Investments
Banking & Finance:
Victor Padurari
victor.padurari@rtpr.ro
Alexandru Retevoescu
aretevoescu@rtpr.ro
Recent transactional highlights:
- A syndicate of banks made up of Raiffeisen Bank International and Raiffeisen Bank Romania as coordinators and Raiffeisen Bank International, Banca Transilvania, UniCredit Bank, Garanti Bank and Intesa SanPaolo Romania as lenders on a credit facility in amount of approximately USD 68 million granted to Alro for covering general corporate needs and working capital of the company as well as future investments
- The syndicate of banks made up of ING Bank N.V. through ING Bank N.V. Amsterdam – Bucharest Branch, Banca Comerciala Romana, Raiffeisen Bank and UniCredit Bank on a USD 360 million credit facility granted to KMG International group for covering the regular needs in the group activity
- An international financial institution on a USD 60 million secured financing to SNTGN Transgaz SA Medias, the national gas transmission grid operator, for the construction of Phase 1 of the Bulgaria-Romania-Hungary-Austria pipeline/corridor (BRUA project)
Capital Markets:
Mihai Ristici
mihai.ristici@rtpr.ro
Costin Taracila
costin.taracila@rtpr.ro
Victor Padurari
victor.padurari@rtpr.ro
Recent transactional highlights:
- Barclays Bank PLC as arranger for Alpha Bank Romania on the first mortgage bonds issue programme in Romania with a value of EUR 1 billion
- Purcari Wineries Public Company Limited on its IPO and admission to trading on the Bucharest Stock Exchange
- UniCredit Leasing Corporation on the bond issue aiming to attract EUR 300 million on international markets
Competition:
Valentin Berea
valentin.berea@rtpr.ro
Recent highlights:
- Represented British American Tobacco in a cartel investigation which lasted over 4 years, including dawn raid proceedings and several rounds of questionnaire and meetings with the authority, which was closed without any sanctions being applied to our client
- Successfully represented Tymbark Maspex in court proceedings against the decision of the Romanian Competition Council in a high profile case on the retail market involving also Metro, Selgros and Mega Image. The court of first instance ruled in favour of our client and annulled the decision in full.
- Groupama Asigurari in a complex antitrust investigation concerning a potential exchange of commercially sensitive information among the insurance companies in Romania
Employment:
Alina Stavaru
alina.stavaru@rtpr.ro
Recent transactional highlights:
- One of the biggest employers in Romania on a group reorganisation, one of the biggest restructuring processes in the country, involving, inter alia, transfer of business arrangements, consultations and negotiations with trade unions, preparation of collective dismissals for hundreds of employees, handling challenges by various employees of the restructuring process, data protection, IP, corporate and real estate matters etc.
- FISE, the largest electricity technical services provider in Romania, on a massive collective dismissal process. This was a very complicated procedure with vocal trade unions and representative federation involved in the consultation process and divergent views taken by the different local labour authorities involved.
- An international insurance company on the contemplated European reorganisation exercise which was performed in the context of the Brexit, including the smooth transfer of Romanian employees to the newly established branches of the company outside of the United Kingdom
Energy:
Victor Padurari
victor.padurari@rtpr.ro
Recent transactional highlights:
Litigation, arbitration and dispute resolution:
Valentin Berea
valentin.berea@rtpr.ro
Recent highlights:
- Successfully represented the most important Hollywood studios, including Paramount Pictures Corporation, Sony Pictures Entertainment, Twentieth Century Fox Film Corporation, Universal City Studios Productions, Walt Disney Studios Motion Pictures, and Warner Bros. Entertainment, in the first site blocking case which has ever been tried in CEE, by suing internet service providers with the aim of blocking pirate movies websites
- Successfully represented Electrica in a EUR 800 million litigation case against the Romanian Management Company for Ownership in Energy (SAPE) for alleged breaches of the post-privatisation monitoring obligations regarding former distribution subsidiaries of Electrica
- Successfully represented RBS Bank Romania in an ICC arbitration held in Vienna, in relation to a contractual dispute
Real estate:
Alexandru Retevoescu
aretevoescu@rtpr.ro
Raluca Nastase
raluca.nastase@rtpr.ro
Recent transactional highlights:
- ING Tech, the global software development hub of the ING group, on the lease of an office space with an area of 13,000 sqm for the new headquarters of the company
- Prime Kapital on the sale of a real estate portfolio consisting of nine retail centres to MAS Real Estate
- Regus on the negotiation and rental of seven new locations (Anchor Group, Skanska, Unirii View, Dorobanti Offices, Portland Trust Developments, Sun Plaza, Tiriac), as well as constant consultancy on its projects in Romania
Restructuring and insolvency:
Alexandru Retevoescu
aretevoescu@rtpr.ro
Recent transactional highlights:
- Nidera Group on the restructuring (and subsequent amendments) of the USD 800 million multicurrency credit facility agreement (as part of USD 1.7 billion committed and uncommitted facilities) with Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., ING Bank N.V. as the arrangers and Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. as facility agent and security agent
- Bank of Scotland on the restructuring of the financing provided to Aenova Holding
- Trenkwalder International AG in relation to the financial distress underwent by the Romanian subsidiary, Trenkwalder S.R.L. and the alternatives available to the company in order to address such financial distress, including the insolvency filing by Trenkwalder S.R.L.
