Mergers, Acquisitions & Privatization

Our lawyers have been involved in an extensive array of mergers and acquisitions and therefore have in-depth experience and local legal knowledge which has enabled them to play a significant role in the M&A market in Romania.

B&A lawyers have been involved in some of the hottest privatization transactions in Romania. They have extensive expertise in energy companies, banks and financial institutions, and also in advising on licence requirements and regulatory compliance.


  •  Assisting a high profile well known Romanian business man in setting up and its authorizing by the relevant Romanian regulatory authority (ASF) of an insurance company that would operate in the non-life sector in Romania (RCA, CASCO);

  • Advising one of the most reputable financial banking company, part of an international banking group, on the acquisition of the share package held by the a Banking Greek Group within a large romanian banking institution.  As a result of the transaction, that banking and financial company becomes the majority shareholder of the romanian banking institution, holding 99.28% of its share capital. Also, the transaction is listed as one of the top 5 biggest transactions for the second quarter of 2019, as per an analysis made by relevant experts for the Romanian market;

  • Advising  the largest Romanian chemical manufacturing company in connection with the EUR 127 million acquisition of assets from state owned company called Oltchim S.A, including relating procedures before the Romanian Supreme Defense Council (CSAT);

  •  Assisting a high profile Romanian business man, in relation to a potential acquisition through its family office of a stake in a major professional football club in Romania. Our firm has assisted the client during an extensive due-diligence process in view of the investment which included reviewing all aspects of the football club operation, with particular emphasis on regulatory, IP, employment, contracts and corporate matters;

  •  Advising the largest Romanian medicine exporting company in connection with the acquisition of a large chain of Romanian pharmacies;

  •  Advising the largest Romanian online betting company, in connection with a EUR 175 million disposal of 15% equity to a well-known US private equity fund. Also, the transaction is listed as one of the top 5 biggest transactions for the second quarter of 2019, as per an analysis made by relevant experts for the Romanian market;

  • Assisting a Romanian capital market investor being a minority shareholder in a Romanian pharmaceutical listed company in the sale of with approx. 25% share with observance of complex Romanian capital markets rules;

  • Advising a large IT company operating in 16 countries, in relation to the potential acquisition of the recognized IT leader in the Romanian industry and the most important provider and integrator of high technologies;

  •  Advising a private Moroccan group occupying a privileged position among the major players in the Moroccan economic scene, in connection with its investment in a French company owning schools in Africa and Europe;

  • Advising an important leader and innovator in the design, engineering and manufacturing of intelligent fluid-flow equipment in the acquisition of a Romanian company controlled by the German company which is one of the leading manufacturers in the electric actuators and valve gearboxes industry;

  • Assisting a company specialized in the wholesale of chemical products, in relation to the sale of 75% of its share capital to a part of a French industrial Group specializing in the integration and development of human-sized businesses;

  • Advising a company based on Administrative Management and General Management Consulting in the acquisition of one of the main Romanian retailers in the distribution of home interior products, operating a national network of specialized outlets;

  • Advising an important Dutch company in the agribusiness sector in implementing a merger consisting in acquiring full control of a previously JV under common control with a partner;

  • Advising the largest producer of natural gas in Romania in the successful initial public offering by the Romanian Ministry of Economy through the Romanian Department of Energy of 15% of the largest producer of natural gas in Romania shares, admission to trading on the Bucharest Stock Exchange and the simultaneous listing of global depositary receipts with respect to such shares on  the first Romanian privatization to include the issue of global depositary receipts to be traded on it (€390 million);

  • Advising an important industrial company that focuses on future key technologies in connection with the exit from the Romanian subsidiary of it of the private equity fund CEG IV and the entry of EBRD as shareholder;

  • Advising the Romanian society from one of the largest companies in Central and Eastern Europe, in the segment of juices, nectars and soft drinks in connection with the acquisition by one of the biggest companies in the food products segment in Central and Eastern Europe of the control over a part of the activity of a major bakery producer, by purchasing the assets and the corresponding business afferent to the salty and sweet biscuits and packed cookies;

  • Advising a large company asset on management services in connection with an equity and debt investment a UK holding company of healthcare business, supplying products and services to hospitals in Italy, Romania and Turkey in order to assist it in the making of certain tactical acquisitions of similar companies in Eastern Europe;

  • Advising the an institution from the central administration of Romania in connection with the second phase of privatization of a large telecommunications romanian company;

  •  Advising  a relevant regional energy company from Romania, the issuer, in the proposed initial public offering of 12% of SCE Oltenia shares, admission to trading on the Bucharest Stock Exchange;

  • Advising a main investment banking player on the Romanian market in connection with the sale of, one of the main retailers of telecommunication services on the Romanian market to a large telecommunications romanian company;

  • Advised an important European company of retails and imports fruits in connection with the acquisition of the largest distributor of fresh fruit in Romania;

  • Advising in connection with the joint-venture between a multinational portuguese industrial group.  and an important Dutch company in agribusiness in the context of the acquisition of the share capital of their subsidiaries in Romania and of the subsequent development of a joint business platform (EUR 100 million);

  • Advising a leading engineering company based out of southern India engaged in the design & manufacture of a variety of products targeted at the power sector in the context of a multi-jurisdictional acquisition of, one of the largest manufacturers of ceramic insulators and insulating fittings in Romania;

  • Advising a reputable international company provider of medical services in relation to the acquisition of a company operating an oncology hospital in Romania, as well as in relation to the acquisition of the machinery and equipment required for the operation of the hospital;

  • Advising private equity company on the acquisition of a UK based competitor which has a wholly owned subsidiary and operates a data center in Romania;

  • Advising the Finnish consultancy and engineering group in connection with the sale of its subsidiary, one of the leading design and engineering company in Romania and the sale of its twelve affiliated companies;

  • Advising a global company delivering innovation-led strategy, technology, and business consulting services in connection with the transfer of business as part of a multijurisdictional transfer of a French company that provides hardware, software and services in the telecommunications industry.;

  • Advising the acquisition by  one of the main design and engineering companies in Romania; 

  • Advising in connection with the sale by a Romanian market leading provider of personalized mass documents production services;

  •  Advising an international private equity firm in connection with the acquisition of a material construction company and the relating acquisition of a loan portfolio from a bank creditor of the target company;

  •  Advising the largest commercial bank of Hungary and one of the largest independent financial service providers in Central and Eastern Europe in connection with the sale of the insurance division to a large insurance company from France in a deal worth U.S. $ 897.2 million.