RTPR Allen & Overy has advised Raiffeisen Bank and Wood & Company Financial Services as managers on Medlife’s IPO, the biggest private IPO in Romania. Medlife was advised by Schoenherr. Allen & Overy reports that this is the largest private IPO in the history of the Bucharest Stock Exchange.
In 2014, RTPR Allen & Overy also served as issuer’s counsel to Electrica in its IPO (as reported by CEE Legal Matters on June 26, 2014), which remains the country's largest non-private debut.
The RTPR Allen & Overy team was led by Managing Partner Costin Taracila and Counsel Loredana Chitu (Boeru) and included Associate Tudor Naftica and Junior Associate Mihnea Radu.
The Schoenherr team advising Medlife was coordinated by Local Partner Narcisa Oprea and included Attorneys at Law Veronica Das Alexeev, Vlad Sandulescu, and Cristina Tudoras.
Editor's Note: After this article was published, Nestor Nestor Diculescu Kingston Petersen (NNDKP) announced that it had advised Value4Capital (V4C) on the sale of its entire shareholding of 36.25% in Medlife S.A., seven years after V4C purchased the shares from Medlife’s founders and the International Finance Corporation, performed through its initial public offering on the Bucharest Stock Exchange. The firm's team consisted of Senior Partner Adriana Gaspar, Co-head of the firm’s Corporate/M&A practice, closely assisted by Managing Associate Diana Ispas and Managing Associate Corina Dumitru.
Adriana Gaspar commented: "The transaction was a premiere for the Romanian market in many ways: structure, timing, company listed and, from a legal perspective, is setting the standards for Romania, leaving footprints to be followed by future transactions of the kind. The performance of the team was truly outstanding but so is the reward of witnessing the IPO successfully completing. I trust that with the time passing this first truly private growth company IPO will prove to have a historical impact on the investment environment of the country."
Editor's Note 2: When the article was initially published it was accompanied in error by a featured picture representing MetLife. The image was changed and we apologize for any confusion.