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239 CALEA DOROBANTI, 6TH FLOOR, 1ST DISTRICT, 010567 BUCHAREST, ROMANIA
Tel:
Work +40 21 317 7919
Fax:
Fax +40 21 317 8500
Email:
Web:
www.pnsa.ro

The firm

Popovici Nitu Stoica & Asociatii is a leading Romanian independent law firm. Established in 1995 as one of the first incorporated partnerships, the firm brings together strong local resources with exceptional credentials, outstanding records and distinguished careers in law, business and academia. The Bucharest office today groups 80 qualified lawyers and tax advisors. Focusing traditionally on the private sector and to foreign investment projects, Popovici Nitu Stoica & Asociatii is acknowledged by the vast majority of observers and peers as ‘the transactional law firm’ among the market leaders. The firm has constantly been involved in the majority of the M&A transactions in Romania from various industries such as energy, healthcare, retail, IT, financial services, telecoms and real estate.

Areas of practice

Mergers and acquisitions/privatisation: M&A expertise is central to the firm’s practice. It brings together and integrates the expertise of other acknowledged practice groups within the firm, such as capital markets, tax, competition and antitrust, and litigation.

Popovici Nitu Stoica & Asociatii is involved in the largest transactions of each year, an aspect also confirmed by the Romanian Financial Newspaper (Ziarul Financiar) through its yearly awards: largest transactions in retail in 2015, largest transactions in IT and FMCG in 2014, largest IT&C transaction in 2013, largest AGRO/FMCG transaction in 2013, largest AGRO/FMCG transaction in 2011, largest transaction in the financial industry in 2011, largest IT&C transaction in 2010, largest transaction in healthcare in 2009 and largest transaction in energy in 2009. Recent assignments: Eurofins Group on the acquisition of EVIC International; Immofinanz on the €500m logistics portfolio sale to Blackstone; Hewlett-Packard on the Romanian part of its spin-off into Hewlett-Packard Enterprise and HP Inc; Ameropa Grains on the acquisition of four independent agri-storage and distribution businesses located in Romania; Cristian Amza, the founder and CEO of La Fantana, on the purchase, along with Oresa Ventures private equity fund, of the shares held by Innova Capital in La Fantana; Fondul Proprietatea on the sale of its stake in Lukoil Romania.

Banking and finance: recent assignments: Magnetto Wheels on the €200m financing granted by a consortium of banks composed of IMI S.p.A., Monte dei Paschi di Siena S.p.A., BNP Paribas, UniCredit S.p.A. and Banca Popolare di Milano S.p.A.; Ameropa on the €27m financing granted by Erste bank for the construction of a new grains terminal in Constanta Harbour; La Fantana Group on the €48m financing granted by Raiffeisen Romania and ING Romania for refinancing its existing loan facilities and for investment purposes; Orange Money, a subsidiary of Orange France, in relation to obtaining the E-Money licence for enabling Orange Money to offer mobile banking and cash transfer services.

Competition and antitrust: recent assignments: a Swiss grains trader on the investigation launched by the Competition Council regarding an alleged price fixing cartel; a US hardware manufacturer on the investigation launched by the Competition Council regarding an alleged abuse of dominance on the supplies market for printers; a French food retailer on the investigation launched by the Competition Council regarding potential anti-competitive practices between several major retailers and their suppliers on the food retail market; a UK insurance company on the investigation launched by the Competition Council regarding a potential cartel on the market for privately managed pension funds; a dairy manufacturer on the investigations launched by the Competition Council regarding alleged price fixing practices on the food retail market, as well as cartel and bid rigging in public procurement projects.

Restructuring and insolvency: recent assignments: property fund within the insolvency proceedings of Hidroelectrica (the largest hydro energy producer in Romania), Forsev and Grup 4 Instalatii; several Bozlu Group companies within the insolvency proceedings of Onco Card Invest and Onco Card, owner and operator of a private oncology diagnosis and treatment facility; a member of ProSieben Group within the insolvency proceedings of TV channel Prima TV.

ContactsErnest-Virgil Popovici (senior partner)
Florian Nitu (managing partner)
Bogdan C Stoica (deputy managing partner)

LanguagesEnglish
French
Italian
Romanian

Number of lawyers 80

Above material supplied by Popovici Nitu Stoica & Asociatii.

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