Mergers & Acquisitions
Ţuca Zbârcea & Asociaţii advises companies on making acquisitions, being acquired or fending off hostile takeovers, merger and spin-off operations, using a variety of customized structures and covering all issues related to bid and tender preparation and mergers and acquisition finance.
We regularly act as legal and tax one-stop-shop by employing complex teams covering all areas of practice relevant to each M&A transaction, most notably antitrust, financing and tax, employment, regulatory, litigation, as applicable.
We also habitually act as local advisors for cross-border transactions in cooperation with international law firms or Big4 entities.
Our Services
assisting in the fulfilment of conditions precedent and legal formalities required for the completion and registration of transactions.
assisting in structuring complex merger and acquisition transactions; assisting negotiations and preparation of preliminary and final offers and related documentation; full-fledged legal and tax due-diligence on the target.
Client Highlights
Legal assistance services on a strategic acquisition and integration on telecom market in our capacity as local advisor on a regional acquisition of major telecom operator active in five European countries, including Romania, for an enterprise value exceeding EUR 18 billion. Further assisting the Romanian subsidiary of the buyer in relation to the ensuing complex legal merger and integration of acquired assets and its operations on the local market.
Legal assistance services regarding a large industrial acquisition of the power and grid businesses owned by a French conglomerate, further to a cross-border USD 14 billion transaction. As part of our role, our team assisted in the Romanian law issues incident to the transaction, i.e., the takeover of local subsidiaries.
Acting as the preferred legal advisor to a major Austrian bank’s expansion into Romania, including assistance in completing the acquisition of the largest Romanian bank at the date. Advising on subsequent shareholding consolidation in the acquired local bank via successive buy-out transactions targeting minority stakes (30.12%). The approximate aggregate value of such transactions amounted to EUR 750,000,000.
Legal assistance to a major French retailer on the local market: covering all M&A and corporate aspects in the acquisition of the supermarket network owned by a competitor group, the transaction amounting to EUR 90,000,000 – EUR 100,000,000.
Assistance in the cross-border acquisition by large consumer goods distributor, mainly legal advice on all Romanian related legal matters pertaining to such deal whereby the company was acquired by a Croatian leading distributor for a large number of globally known quality brands.
Assisting a large pharmaceutical player in relation to a EUR 1.9 billion deal for the sale of its European generics business. Our team advised on the Romanian legal aspects incident to the transaction, including various corporate, commercial, M&A issues, as well as assisted in the structuring of the transaction from capital markets perspective.
Legal assistance in relation to the biggest exit from local energy market, mainly advice on the applicable Romanian law as regards the divestment of a portfolio of power assets to an Australian investment fund. The assets comprise seven companies, including electricity distribution networks, energy supply and two major wind parks.
Assisting Romania’s leading gas transport operator in all stages of the acquisition process targeting an operator of natural gas supply network in the Republic of Moldova, including legal assistance in a complex deal where the European Bank for Reconstruction and Development (EBRD) acquired a 25% stake in the target.
Advising a group of investors on successive series of investments totalling USD 976,000,000 in a Romanian company, currently the world's leader in robotic process automation (RPA).
Assistance to the national company of an Asian country in the attempted sale of a 51% stake in its overseas holding entity to a strategic Chinese investor under a deal worth USD 680,000,000. This holding entity controls the most modern oil refinery in Romania.