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Allen & Overy, Dechert, and Bondoc & Asociatii Advise on Largest PE Transaction Ever in Romania

Allen & Overy, Dechert, and Bondoc & Asociatii Advise on Largest PE Transaction Ever in Romania

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RTPR Allen & Overy has advise the Enterprise Investors private equity fund on the sale of the Profi Rom Food – the largest supermarket chain in Romania – to Mid Europa Partners. Dechert and Bondoc & Asociatii advised the buyers on the deal, which is reportedly the largest deal ever completed by a private equity fund in Romania and the largest deal in the retail sector in the country’s history. The transaction remains subject to approval by Romania's Competition Counsel.

The RTPR Allen & Overy team was led by Managing Partner Costin Taracila, assisted by Counsels Roxana Ionescu and Alina Stavaru and Associates Andrei Mihul and Laurentiu Tisescu as well as – the firm reports – "a numerous team of lawyers who assisted on the due diligence process and transaction documents."

Sebastian Krol, the Enterprise Investors partner responsible for the investment, said: "I truly appreciate Costin's and his team support, contribution and hard work. This is the most successful transaction in the retail sector in Enterprise Investors’ history, and we are proud to have been a part of Profi’s success story."

Costin Taracila declared: "Firstly I would like to congratulate Enterprise Investors team for signing a transaction of such dimensions and to thank them for putting their trust in our team one more time. We are honored and proud to have contributed to the successful realization of this deal."

RTPR Allen & Overy was also involved in the acquisition of Profi supermarket chain by Enterprise Investors, on the seller’s side at the time.

Image Source: profi.ro

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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