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Filip & Company and D&B David and Baias Advise on Tiriac Group's Sale of Financial Leasing Business to BT

Filip & Company and D&B David and Baias Advise on Tiriac Group's Sale of Financial Leasing Business to BT

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Filip & Company has advised the Tiriac Group on the sale of Tiriac Leasing to Banca Transilvania. PwC affiliated law firm D&B David and Baias advised Banca Transilvania on the deal.

The transaction remains contingent on regulatory approval.

The Tiriac Group operates in the automotive, real e­­state, financial services, air transportation, and energy sectors. Tiriac Leasing, operating since 1999, provides financial leases for new and used vehicles.

Banca Transilvania is a banking institution with headquarters in Cluj-Napoca, Romania. According to a company press release, 1993-founded BT is the largest bank in Romania in terms of assets, with a market share of over 19%.

Filip & Company’s team included Managing Partner Cristina Filip, Counsels Georgeta Gavriloiu and George Trantea, and Associates Andrei Konya, Andreea Calin, Lavinia Cazacu, Larisa Jurca, Bianca Chera, Andreea Dinu, and Rares Crismaru.

Romanian Knowledge Partner

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). 

Firm's website.

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