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Dentons Advises MGM on Acquisition of Rekord Group

Dentons Advises MGM on Acquisition of Rekord Group

Romania
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Dentons has advised Italian footwear manufacturer MGM on its acquisition of the Rekord Group in Romania. Italy's Advant Nctm reportedly advised Clessidra Capital Credit and co-investors SIP, Smart Capital, and Brixia Finanziaria on supporting the acquisition.

The Rekord group is a manufacturer of technical, sports, and outdoor shoes. Rekord currently employs approximately 700 people and has three production plants located in Alba Iulia, Romania. 

According to Dentons, “the acquisition was completed through a capital increase executed by the Foglio/Congiu family supported by Clessidra Capital Credit and co-investors SIP, Smart Capital, and Brixia Finanziaria, as well as the issuance of a bond loan underwritten by Clessidra Capital Credit, Banca Ifis, Anthilia Capital Partners, and the regional financial company Veneto Sviluppo. The new group, which is the result of the integration of MGM and Rekord – in which the Foglio/Congiu family will hold a majority stake – aims to become the leading European production pole in the technical outdoor footwear market.”

The Dentons team was led by Italy-based Partner Antonella Brambilla and included Romania-based Partner Loredana Chitu, Counsel Maria Tomescu, and Associate Andreea Predescu, with further lawyers in Italy.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

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