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CMS, Evan Law Firm, and Fine Law Advise on Zentiva Acquisition of Romanian Pharma Company

CMS, Evan Law Firm, and Fine Law Advise on Zentiva Acquisition of Romanian Pharma Company

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CMS has advised Zentiva Group a.s. on its acquisition of Romanian pharmaceutical company Solacium and its subsidiary Be Well Pharma from Siyiara Enterprises — a holding entity of A&D Pharma / Dr. Max Group — and entrepreneur Tony Trasca. The Czech Republic's Evan Law Firm advised Siyiara and Romania's Fine Law advised Trasca on the sale, which remains contingent on the satisfaction of several conditions, including the approval of the Romanian Competition Council.

Zentiva is a European producer of both branded and generic medicines with flagship sites in Prague and Bucharest.

Nick Haggar, CEO of Zentiva, declared that: “Zentiva is delighted to confirm the signing of its first acquisition following the carve-out from Sanofi in the last quarter of 2018. Solacium complements our existing generic medicines business and grows our OTC capability and offering for patients and consumers in Romania.”

“After Dr. Max’s acquisition of A&D Pharma Group, we have decided to primarily focus on three main pillars of our Romanian business: pharma retail, wholesale and marketing & sales," explained Leonardo Ferrandino, President and Group CEO of Dr. Max. "Although Solacium is a fast-growing food supplement and OTC medicines producer, we believe that under the management of a specialized and successful pharmaceutical company such as Zentiva it can fulfill its potential and significantly boost its business beyond current levels”

CMS's team was led by Sofia-based Partner David Butts and Bucharest-based Partner Horea Popescu, with support from Prague-based Senior Associate Lucie Halloova and Bucharest-based Senior Associates Raluca Ionescu, Claudia Nagy, and Valentina Parvu, and Bucharest-based lawyers Bogdan Buta and Cristina Ciomos

The Evan Law Firm team was led by Partner Jan Evan, working with Lawyer Denis Michon.

The Fine Law team was led by Partner Iulian Patrascanu.

Czech Republic Knowledge Partner

For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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