14
Sun, Aug
57 New Articles

BPV Grigorescu Stefanica and LC Legal Proof Advise on Smart ID Dynamics' Acquisition of Spectrum’s Retail ERP Business

BPV Grigorescu Stefanica and LC Legal Proof Advise on Smart ID Dynamics' Acquisition of Spectrum’s Retail ERP Business

Romania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

BPV Grigorescu Stefanica has advised Sarmis Capital-backed Smart ID Dynamics on the acquisition of the Brasov-based integrated software solutions provider Spectrum. LC Legal Proof advised Spectrum on the deal.

The transaction was completed in May 2022.

Smart ID Dynamics provides process automation solutions for companies with labor-intensive environments to optimize costs and increase productivity.

Spectrum, founded in 1999 in Brasov, is a provider of proprietary and integrated software solutions, with a coverage of the retail, manufacturing, meat industry, HoReCa, and recycling sectors. According to BPV Grigorescu Stefanica, “the company’s most popular product is the Spectrum enterprise resource planning (ERP) system, a patented and easily adaptable solution that addresses critical corporate needs such as inventory management, accounting, and coordination between customers, sales, and support teams.”

Sarmis Capital is an independent private equity fund established in 2019 and dedicated to investments in Central and Eastern Europe. According to BPV Grigorescu Stefanica, “it is the largest fund of its kind raised in Romania by a local team and is dedicated with priority to Romanian companies, but also to those in the region."

Earlier this year, BPV Grigorescu Stefanica also advised on Sarmis Capital’s investment into Smart ID Dynamics (as reported by CEE Legal Matters on February 7, 2022).

The BPV Grigorescu Stefanica team was led by Partner Catalin Grigorescu and Managing Associate Iulia Dragomir and included Senior Associates Tania Hotca, Andreea Botez, and Ramona Manaila and Associates Denisa Brinzei and Ana Maria Staicu.

LC Legal Proof's team included Partner Alexandru Lefter and Managing Associate Cristina Rusu.

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.

Our Latest Issue