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Schoenherr Advises Catalyst on EUR 2 Million Investment in ESX

Schoenherr Advises Catalyst on EUR 2 Million Investment in ESX

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Schoenherr has advised the Catalyst Romania Fund II on a EUR 2 million transaction involving a sports subscription start-up by ESX.

The Catalyst Romania Fund II is a venture capital fund operating in Southeast Europe. Catalyst launched the first private equity and venture capital fund in Romania in 2012. The company prioritizes investments in fast-growing sectors.

ESX is the largest Romanian sports center network, according to Schoenherr. It has "grown rapidly in the past 18 months, with monthly turnover reaching almost EUR 1 million. Their app offers subscriptions with unlimited access to approximately 500 local sports centers and currently counts 200,000 members."

“The investment allows ESX to strengthen its market position by expanding at a higher rate and opening up new cross-border prospects,” the firm reported.

The Schoenherr team included Partner Madalina Neagu, Senior Attorney at Law Mihaela Popescu, and Attorney at Law Alexandra Smahon.

Schoenherr did not respond to our inquiry on the matter.

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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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