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AxPartners and Pop & Partners Advise on Sale of Kepler Management Systems to Bittnet Group

AxPartners and Pop & Partners Advise on Sale of Kepler Management Systems to Bittnet Group

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Andronic x Partners has advised the shareholders of Kepler Management Systems on the sale of the company to the Bittnet Group. Pop & Partners advised the buyers.

The transaction included a RON 3.13 million cash consideration paid by Bittnet subsidiary Elian Solutions and RON 1 million in Bittnet Systems shares, plus a variable component based on Kepler’s EBITDA for 2023. Bittnet Systems will hold a 24.2% stake in Kepler, while Elian Solutions will hold 75.8%.

Kepler Management Systems is a Romanian ERP solution integrator of Microsoft Dynamics 365 Business Central.

Bittnet Systems is a Romanian-owned company active in IT. It was listed on the Bucharest Stock Exchange’s AeRO market in 2015. Its shares were admitted to trading on the BSE Main Market in 2020.

Elian Solutions has been part of the Bittnet Group since 2018, in the Platforms and Software pillar of the group.

The AxPartners team included Founding Partner Ana Maria Andronic, Partner Vlad Druta, Senior Associate Codrina Simionescu, and Junior Associate Maria Stancu.

The Pop & Partners team was led by Managing Partner Claudiu Pop and Partner Irina Banica.

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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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