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RTPR Allen & Overy Advises A&D Pharma on Acquisition by Dr. Max

RTPR Allen & Overy Advises A&D Pharma on Acquisition by Dr. Max

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RTPR Allen & Overy has advised the shareholders of A&D Pharma on the sale of the entire group to the Dr. Max pharmacy network, owned by Penta Investments. Musat & Asociatii reportedly advised the buyers on the transaction, which remains subject to approval by Romania's Competition Council.

RTPR Allen & Overy describes A&D Pharma group as "the largest pharma group in Romania, operating wholesale, retail and marketing & sales services for pharmaceutical products and it also has operations in CEE."

The RTPR Allen & Overy team included Managing Partner Costin Taracila, Counsel Alina Stavaru, and Junior Associate Mihnea Radu, along with lawyers from Allen & Overy’s Amsterdam, Prague, and Milan offices. According to RTPR Allen & Overy, "the shareholders were assisted by two of the most prominent M&A consultants on the market, Radu Stoicoviciu and Raluca Nita."

Editor’s note: After this article was published Musat & Asociatii confirmed that it had advised Penta Investments on the acquisition. Its team consisted of Senior Partner Gheorghe Musat, seconded by Partner Razvan Stoicescu and Senior Associate Adrian Danciu. As regards the competition and life sciences component of the transaction, the team was coordinated by Partner Paul Buta and included Managing Associates Dan Minoiu, Manuela Lupeanu, and Razvan Pele.

Subsequently, on April 18, 2018, RTPR Allen & Overy announced that the deal had successfully closed.


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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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