RTPR has advised IPS Solutions on its acquisition of a majority stake in Romania's Avaelgo. LC Legal Proof advised Avaelgo founder and owner Mihai Tataran on the sale.
Avaelgo is a Romanian IT services company founded in 2006 and based in Timisoara, Romania. It provides a full range of tech solutions & managed services, including advisory, custom software development, tech support, and training.
The IPS Solutions Group is a European software market company offering consultancy in technology, digital solutions, and cloud services.
"Romanian technology companies continue to attract the interest of international investors," RTPR Managing Associate Andrei Tosa commented. "For Avaelgo this is a new beginning alongside an experienced investor such as IPS Solutions, who will surely provide the necessary support for the next phase of development."
The RTPR team included Tosa and Partner Alina Stavaru.
The LC Legal Proof team included Partner Alexandru Lefter and Managing Associate Cristina Lefter.