Ţuca Zbârcea & Asociaţii

Romania

IFLR1000 Reviews

Financial and corporate

Established in 2005, Ţuca Zbârcea & Asociaţii is one of the largest firms in Romania. Its main office is in Burcharest, which employs 120 lawyers, 29 of whom are partners. The firm has an association with Şomlea & Asociaţii – giving it an additional Romanian office in Cluj-Napoca – and a collaboration agreement with Andersen Global.

 

Focusses / specialisms

The banking team has a dominant buy-side market share in the NPL market where it acts on large regional transactions. In the financing space the firm acts for domestic and international lenders in the financing of corporations, acquisitions and projects across several sectors.

In capital markets work the firm has a strong regulatory expertise, advising its clients on compliance matters. The team also advises multinational companies on the establishment of stock options programmes.

The firm's M&A practice is able to cover both public and private transactions across wide range of sectors. It also works alongside large international law firms on global transactions.

In the projects space the firm is active across various sectors advising domestic and foreign investors on a range of contract award procedures. 

 

Key clients

The firm works with a number of important investment banks and hedge funds, such as the International Finance Corporation, Morgan Stanley Real Estate Investment Management and CEZ. The firm has also advised Astaldi in multiple procurement contracts.

 

Research period review: 30th edition (2019/2020) 

The firm was active across most financial and corporate areas.

In banking work the firm assisted lenders and borrowers. For lenders it advised on syndicated financing. On the borrower side the firm advised in project financing and acquisition financing. The firm also advised lenders on investment funding.

In capital markets work the firm advised issuers in local and multijurisdictional bond issues, as well as providing capital markets advice to local and international companies with activities in Romania

The firm was active in M&A, advising buyers, sellers and investors. The firm assisted on the buy side in the acquisition of two NPL (non-performing loan) portfolios, as well as assisting in real estate acquisitions and a landmark telecoms acquisition. The firm also assisted sellers in transactions in technology sector. The firm worked closely with investors on corporate investments.

The firm worked closely with Astaldi, the market-leading construction company, on multiple public infrastructure projects include railways, metros, motorways and bridges. The firm assisted developers in public procurement contracts, as well as assisting in the development of traditional energy infrastructure.

In other firm news in late 2019 the firm established it’s association with Andersen Legal 

 

Deal highlights: 30th edition (2019/2020)

Abris Capital Partners acquisition of Global Technical Group

Astaldi €190 million floating rate (11.25%, 14.25%) bond issue 

International Finance Corporation (IFC) / APS Holding and Apollo €180 million acquisition of NPL portfolio 

Mogo €75 million 9.5% bond issue 

Morgan Stanley Real Estate Investment Management acquisition of American House Office Building 

Rohatyn Group acquisition of Pet Product 

Rohatyn Group investment in Amethyst Radiotherapy

UiPath $568 million series D funding 

Vodafone Group Plc €18.4 billion acquisition of Liberty Global

 

Client feedback: 30th edition (2019/2020)

Capital markets : Equity

“Their lawyers are always very solution oriented, quick and to the point, apart from providing grounded legal advice.”

 

M&A

“The leading partner Catalin is an exceptional attorney. He is extremely client oriented, timely anticipating issues and helping the business team to understand legal implications, managing difficult conversations with the other party, acting as an intermediary and bridging the interests of the parties, finding creative solutions, leading all the work around the deal, hard worker and very passionate.”

“Responsiveness and unlimited availability.”

“Their strengths: impressive commercial and business awareness regarding the telecom sector, ability to identify and assess how the puzzle pieces of a legal situation fit together, ability to offer pragmatic legal advice, a sharp eye for details, vast experience in public procurement and finely attuned to the ongoing regulatory or otherwise economic changes affecting our business.”

“The firm has proven to be one of the strong players in the M&A market and proved to be able to provide legal assistance at international standards matching their opponent.”

“Very professional and excellent price/quality ratio.”

“Professional, creative approach to problems, very good standing and reputation. Excellent writing skills and strong solutions to clients.”

“This firm's expertise as regards energy is outstanding. We have been working with them since 2006 and helped us tremendously. The team comprises seasoned lawyers, hands-on, talented, readily available to work on short notice and observe tight deadlines. Their knowledge of the regulatory environment and capacity to liaise with local regulators are also a plus. They understand both business and legal issues coupled with a strong sense and understanding of the Romanian power sector's dynamics.”

 

Private equity

“Excellent technical skills and knowledge, combined with great business approach.”

 

Project development

“I've been saying this for many years: I have no doubts that Tuca Zbarcea & Asociatii is the best law firm there is for projects and public procurement related work. Their team is well seasoned, comprising lawyers with more than 20 years of legal expertise in this field. The understanding of the public procurement framework at a local and European level and of the municipal and public authority laws is second to none.”

“Proactive approach, excellent professionals, advanced knowledge on our market and commercial specifications.”

“Diverse specialisations, large team, smart, educated and forward thinkers (they are always willing to go the extra mile). They are excellent negotiators, have good people skills. Excellent understanding of the business operations and commercial goals of the client. Hard working and dedicated (they are easily reachable even outside the regular working hours).”

“The advice provided by Tuca is very professional, thorough and the quality of deliverables is very high.”

 

Project finance

“All members of the banking and finance team are providing high quality legal services being supportive, proactive and addressing to the needs and demands of the bank.”

 

Real estate

“Professional, thorough work with a business wise approach and personal attention.”