Mergers & Acquisitions:
Costin Taracila
costin.taracila@rtpr.ro
Mihai Ristici
mihai.ristici@rtpr.ro
Alina Stavaru
alina.stavaru@rtpr.ro
Recent transactional highlights:
- MidEuropa Partners on the EUR1.3bn sale of Profi, in the largest transaction in the retail sector ever concluded in Romania
- Macquarie Infrastructure and Real Assets (MIRA) on the acquisition of a portfolio of power assets owned by CEZ Group in Romania, at the time the largest M&A transaction in Romania in the previous 12 years
- Intesa Sanpaolo Bank on the signing of the acquisition of First Bank from the American private investment fund J.C. Flowers
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
Roxana Ionescu
roxana.ionescu@rtpr.ro
Recent transactional highlights:
- Groupama Asigurari in a competition litigation in which RTPR managed to reduce a fine imposed by the Competition Council on the insurance market, from almost 8 million euros to under 500,000, through a court decision that cannot be challenged any longer, after the rejection of three extraordinary appeals introduced by the Competition Council and ANAF (The National Agency for Fiscal Administration)
- Zenith Media Communications in a competition dispute in which the RTPR team obtained a historic victory at the Court of Justice of the European Union (CJEU), thus contributing to the creation of EU law through a win regarding the principles of how the fines applied by the competition authorities in all Member States are calculated
- Electrica in court proceedings in the first “facilitator-victim” case in the whole EU to date for allegedly facilitating a cartel between its meter suppliers
Employment:
Alina Stavaru
alina.stavaru@rtpr.ro
Recent transactional highlights:
- Innova Capital in relation to the structuring and implementation of a complex management incentivisation plan for its portfolio companies in Romania
- Ezugi and Evolution Gaming in a complex process of implementing new internal regulations, various procedures regulating the work discipline, as well as standardisation of all the procedures to be applied for each potential dismissal scenario
- MidEuropa on the implementation of a very complex management incentivisation plan for one of its portfolio companies
Energy:
Victor Padurari
victor.padurari@rtpr.ro
Mihai Ristici
mihai.ristici@rtpr.ro
Recent transactional highlights:
- Evryo Group, owned by funds managed by Macquarie Asset Management, on the sale of its renewable energy portfolio to PPC Group
- OX2 on the sale of a 99.2 MW onshore wind project located in the Eastern part of Romania to Nala Renewables, a joint venture between IFM Investors and Trafigura
- Macquarie Asset Management (MAM) on the sale of CEZ Vanzare to Premier Energy PLC, owned by the Czech private equity fund, Emma Capital
Litigation, arbitration and dispute resolution:
Valentin Berea
valentin.berea@rtpr.ro
Recent transactional highlights:
- Successfully represented Bookster in the Competition Council's investigation, in which several publishers and their trade association were fined for attempting to drive Bookster out of the market through concerted, anti-competitive activities
- Successfully representing Lidl Discount in its dispute with Vel Pitar, the largest bread producer in Romania and holder of a portfolio of EU trademarks containing “wholewheat”
- Successfully represented Electrica in a EUR800m litigation against the Management Company for Ownership in Energy (“SAPE”), the Romanian public company which manages the state’s portfolio in the energy sector, for alleged breaches of the post-privatisation monitoring obligations regarding former distribution subsidiaries of Electrica
Real estate:
Alexandru Retevoescu
aretevoescu@rtpr.ro
Recent transactional highlights:
- Vectr Holdings, through its subsidiary Vectr Realty Holdings, on the indirect acquisition of 100% stake in the company that owns The Landmark office building
- Oresa on the acquisition of logistics and industrial park Solo Iasi from Tester Group owned by Romanian businessman Bogdan Pitigoi
- Regus on negotiations with ten different developers for their expansion in new offices in top locations in Bucharest for an aggregate of more than 20,000 sqm of gross lettable area
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.
