Mergers & Acquisitions

We offer every aspect of legal advice for parties contemplating a merger or an acquisition. Our extensive experience includes share sale and purchase agreements, asset acquisition or transfer of business agreements. We provide advice and legal services during each stage of a project, from the conduct of legal due diligence reports to the structuring, the required documentation and the drafting and negotiation of all relevant aspects of the transaction.

We are by our clients’ side every step of the way from company formation, organisation and operation to mergers, acquisitions and takeovers. We are trusted partners, perfectly equipped to deal with any challenges that may arise during the process. Clients can safely rely on us to protect their best interests and to ensure things happen quickly and efficiently.

We are constantly assessing risks and carefully evaluating each and every situation to achieve the maximum benefit for our clients.  We are experts in designing and delivering transactions that work for all parties and ensuring completion is achieved as quickly as possible.

Our core strengths include a comprehensive understanding of, and practical approach to, legal concepts combined with an in-depth knowledge of the Romanian business environment and the rapid economic developments in the country. Our understanding of business and the involved industry sectors allows us to offer legal advice specifically tailored to your business. We are proud of our partner-led service, which we can fine-tune to even the most specialised needs of our clients, and which is perfectly supported by the personalised care and attention we give to each project we undertake.

Our dedicated team of M&A specialised lawyers constantly advises on a wide range of legal matters in relation to private equity and strategic transactions, including regulatory and compliance matters. We also provide legal assistance to venture capital investment funds on fund formation and investment management.

We are committed to delivering outstanding, efficient and business oriented legal advice, support and solutions. We focus on providing commercially astute and relevant advice to our clients within a supportive, open and transparent relationship designed to ensure our client’s success.

Depending on the complexity and size of each transaction, our specialised lawyers from every discipline including Corporate and Commercial, Banking and Finance, Competition, Property (Real Estate), Employment, Intellectual Property, Projects and Energy and other practice areas within our firm, work collaboratively to develop integrated legal solutions that achieve the best outcome for our clients.

 Our Relevant Experience

• Advised Prime Label on their second transaction in Romania – the acquisition of the Romanian printing house IPPU Packaging.
• Advised Parol AI start-up and GapMinder Fund II on EUR 1.2 million Funding Round
• Advised Prime Label on the acquisition of Romanian printing company Grafoprint.
• Advised Express Euroscan, one of the leading Romanian companies in the field of domestic and international heavy tonnage transportation, on the acquisition of Denis Spedition SRL and Denis Spedition GMBH, two refrigerated cargo transport companies.
• Advised US-based Kiteworks on the acquisition of 123FormBuilder, a leader in secure and modernized web forms and form-driven workflows.
• Advised Ministry of Research, Innovation and Digitalization of Romania on the merger between Orange Romania and Orange Romania Communications (previously Telekom Romania Communications).
• Advised sennder on the acquisition of C.H. Robinson’s European surface transportation operations.
• Advised the logistics company ESP Solutions on the Romanian elements related to the acquisition of Autransa Group.
• Advised US-based American Industrial Partners on the Romanian elements related to the acquisition of Veoneer’s Restraint Control Systems business.
• Advised Tobii AB, a global leader in eye tracking with headquarters in Stockholm and locations across Asia, Europe, and North America, on the acquisition of AutoSense and Imaging Business from Xperi Inc.
• Advised US-based Encora on the acquisition of Romanian software engineering services provider Softelligence.
• Advised Stera Chemicals, a leader in the distribution of chemical raw materials, on the sale of 70% of their stake in Stera Chemicals to OQEMA Group, one of the ten largest European chemical distributors
• Advised Rockpool on all Romanian elements of the transaction whereby the latter invested in EC Electronics, an electronics manufacturing service provider for original equipment manufacturers (OEMs) and product innovators in the UK and Europe.
• Advised Vectr Fitness, the main shareholder of World Class Romania, on the acquisition of NEXTFITNESS & WELLNESS SRL. 
• Advised TripStax Technologies on the acquisition of B2B hotel booking platform Hotelzon Romania.
• Advised GapMinder Venture Partners on its investment in SaaS company Yarooms
• Advised Reorg in relation to the acquisition of the modern technology provider FinDox
• Advised GapMinder Venture Partners on its investment in OutThink, a cybersecurity human risk management platform.
• Advised Indotek Group, one of the leading investment management and real estate development groups in Hungary, on the acquisition of the Class A – One Victoriei Center office building.
• Advised gaming start-up Machinations.io on a 3.3 million USD Series A Financing.
• Advised Cyscale software developer and VC Fund GapMinder on a 3M EUR Seed funding round.
• Advised Catalyst Romania Fund II on its investment in the EUR 2M equity funding round of EdTech platform Adservio.
• Advised Druid AI-driven on the USD 15 Million  Series A Financing, the largest funding round in Romania to date in 2022.
• Advised the Polish private equity fund Resource Partners on the sale of World Class, the undisputed leader of the fitness industry in Romania, to African Industries Group.
• Advised the founders of local game developer Metagame Studios on their exit towards global video game developer and publisher Fortis Games.
• Advised PayPoint, one of the main payment operators in Romania, on the acquisition of the majority shareholding in PTP Online, the developer of the 24Pay app.
• Advised Undelucram.ro, a one-stop-shop online recruitment platform dedicated to both candidates and employers, on the 340,000 EUR Seed Funding Round, led by GapMinder and Seedblink. 
• Advised XVision, a MedTech start-up developing Artificial Intelligence algorithms for medical imaging, on a 1M EUR Seed Funding Round.
• Advised Catalyst Romania Fund II, one of the most important VC funds in the region, on their participation as lead investor in the EUR 1.7 million A funding round of Code of Talent, an award-winning SaaS platform.
• Advised Global Resolution Experts (GRX) on the sale of the majority stake to BVB-listed IT&C solutions provider Bittnet Systems.
• Advised Catalyst Romania Fund II, one of the most important VC funds in the region, on their participation as lead investor in the EUR 3 M Series A funding round of SeedBlink, the most active Romanian crowd funding platform.
• Advised QeOPS and its shareholders on their partial exit towards Cargus, a major courier service provider in Romania, owned by Mid Europa Partners.
• Advised Avira, a cybersecurity software company headquartered in Germany and with additional offices in the US, China, Romania and Japan, on the acquisition of the award-winning cybersecurity BullGuard.
• Advised US-based ThoughtWorks, a global technology company with 46 offices in 15 countries and more than 7,000+ employees, on the acquisition of Romanian software developer Gemini Solutions.
• Advised GapMinder, a VC Fund financed via Competitiveness Operational Programme 2014 – 2020 and co-financed by the European Fund for Regional Development, on its investment in Druid AI-driven chatbots, a company specialized in conversational technology.
• Advised Motion Equity Partners, a long-standing private equity firm focused on leveraged buyout and growth capital investments in European middle-market companies, on the Romanian component of its investment in Educastream, one of the forefronts of online training and education in France.
• Advised GapMinder, a VC Fund financed via Competitiveness Operational Programme 2014 – 2020 and co-financed by the European Fund for Regional Development, on its investment in the Romanian self-improvement start-up Deepstash.
• Advised GapMinder (a VC Fund, targeting IT Software and Services start-ups in Romania and Central Eastern Europe) and DayOne Capital (an early-stage technology investor, managing privately financed funds) on their joint investment in AI driven start-up Soleadify.
• Advised GapMinder, a VC Fund financed via Competitiveness Operational Programme 2014 – 2020 and co-financed by the European Fund for Regional Development, on its investment in Cartloop, an innovative eCommerce startup.
• Advised SIBS, a major payment processor operating in Europe and Africa, on the acquisition of Wirecard companies in Romania, namely Wirecard Romania (previously Provus Service Provider), Romcard and Supercard Solutions & Services.
• Advised Brillio, a leading digital technology consulting company, in connection with the acquisition of Cognetik, a data and insights company with deep expertise in improving digital experiences for its customers.
• Advised CODA Intelligence, a technology startup operating in the area of cyber security, on a 800,000 EUR Seed Funding Round, led by Early Game Ventures and Roca X. 
• Advised Beez, a cash-back platform that uses gamification to create healthy financial habits, on a 1.2 milion Euro Seed Funding Round, led by GapMinder and Roca X.
• Advised Glory Global Solutions (International) Ltd, a wholly-owned subsidiary of Glory Ltd, on its investment in Acrelec Group SAS (a global technology company focused on reinventing the customer experience for restaurant and retail brands).
• Advised GapMinder, a VC Fund financed via Competitiveness Operational Programme 2014 – 2020 and co-financed by the European Fund for Regional Development, on its investment in the USD 7M Series A funding round of the A.I. based typing biometrics technology provider Typing DNA.
• Advised CalCon Group, a software development and consulting group that offers a wide range of services for the European real estate market, in the sale of the majority stake to Aareon.
• Advised World Class Romania, the leader in the Health & Fitness industry in Romania, on the successful acquisition of Planet Swim & Gym.
• Advised Atlas Copco on the acquisition of the Scheugenpflug Group, one of the leading manufacturers of adhesive bonding, dispensing and potting systems for synthetic resins and thermally conductive pastes.
• Advised The Rohatyn Group, an emerging markets focused asset management firm, on the investment in Amethyst Radiotherapy Limited, one of the largest operators of radiotherapy clinics in Europe
• Advised GapMinder, a VC Fund financed via Competitiveness Operational Programme 2014 – 2020 and co-financed by the European Fund for Regional Development, on its investment in Frisbo.
• Advised Titluri Quality S.R.L. in relation to the acquisition of all the publishing activities of “Gandul”, “Apropo”, “Ce se intampla doctore” (CSID), “Descopera” and “Go4IT” from Mediafax.
• Advised PitechPlus, a consulting group that offers a wide range of services that cover IT&C software development and business know-how, on the sale of the majority stake to Webhelp SAS. 
• Advised Amphenol with the acquisition of the majority stake in GJM automotive components business (an international group present in Romania with two production facilities).
• Advised GapMinder, a VC Fund financed via Competitiveness Operational Programme 2014 – 2020 and co-financed by the European Fund for Regional Development, on its investment in MEDIJobs.
• Advised Morphosis Capital, a relatively newly established private equity fund focused on growth capital investments in Romanian Small and Medium Enterprises (SMEs), on its investment with DocProcess S.R.L.
• Advised David Canta, the managing director and shareholder of the Romanian arm of Avison Young, on the acquisition of Facilitec Services SRL, a reputed boutique facility & property management company, part of the Spanish group Mantor.
• Advised GapMinder, a VC Fund financed via Competitiveness Operational Programme 2014 – 2020 and co-financed by the European Fund for Regional Development, on its investment in Fintech OS.
• Advised GapMinder, a VC Fund financed via Competitiveness Operational Programme 2014 – 2020 and co-financed by the European Fund for Regional Development, on the investment in SmartDreamers.
• Advised GapMinder, a VC Fund financed via Competitiveness Operational Programme 2014 – 2020 and co-financed by the European Fund for Regional Development, on the investment in Typing DNA.
• Advised EDS Romania (part of the Euro-Druckservice Group, a leading provider in the printing services sector in Central and Eastern Europe and controlled by DPE Deutsche Private Equity Management III GmbH) on the acquisition of the heat-set printing business “as a going concern” from Mega Press and Editura Aramis, one of its main competitors in the Romanian market.
• Advised First Property Group PLC, a property fund manager and investor with operations in the UK, Poland and Romania, on the acquisition of the “MAESTRO BUSINESS CENTER” Office Building located in Cluj-Napoca, Romania.
• Advised Teads, a UK-based ad-tech company that creates outstream video advertising, on the acquisition of Brainient, one of the most successful Romanian start-ups that provides tools to create engaging and interactive video deliverable across a range of devices.
• Advised the German group Wirecard on their EUR 40M acquisition of the Provus group of companies, Romania’s leading payment processing and technology services provider.
• Advised the private equity fund Vitruvian Partners LLP and its investment company, JacTravel Group Ltd., the global leading B2B hotel services supplier, on their add-on acquisition of TotalStay Group, a large European online hotel-booking agency.
• Advised a group of private Swiss investors on the acquisition of an 83% stake in Capital Financial Services S.A., a major Romanian company specialising in the issue of e-money.
• Advised Vinarte S.A., one of the top Romanian wine producers, on the sale of business assets related to its three wine domains located in Zoresti, Samburesti and Starmina, to Neo Bacchus, a company which is part of the Chinese Group, Red Gate.
• Advised World Class International and its Management Team in connection with an MBO whereby an investment fund, under the management of the Polish private equity fund Resource Partners, acquired a controlling stake in World Class Romania, the largest and leading fitness services provider in Romania.
• Advised World Class Romania on the acquisition of several renowned fitness clubs around Romania including the Club Moving network, Pure Fitness Jatomi, StayFit, etc.
• Advised the founders of the tech start-up Froala, the creator of the successful web editor WYSIWYG (What You See Is What You Get) on an estimated multi-million US$ sale to the globally known US software company Idera, Inc., of all the shares held by the founders in Froala.
• Advised a private equity fund on the EUR 80M acquisition of a prominent office building in Bucharest.