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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 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 each year, an aspect usually acknowledged by the Romanian financial newspaper (Ziarul Financiar) in its yearly awards: largest transactions in retail in 2015, largest transactions in IT and FMCG in 2014, largest IT&C transaction in 2013 and 2010, largest AGRO/FMCG transaction in 2013 and 2011, largest transaction in the financial industry in 2011, largest transaction in healthcare in 2009 and largest transaction in energy in 2009.

Recent assignments include: Lincoln Electric on the acquisition of the Romanian welding business of Air Liquide; Pietta Family on his full exit from Pietta Glass Working to Saint-Gobain; Auchan and One United on their acquisition of Automatica and former Ford factories in Bucharest from Global Finance; Immofinanz on the €500m logistics portfolio sale to Blackstone; Etanco Romania on the acquisition of GBO Fastening Systems SRL; Auchan on the acquisition of OK Supermarket network; Voestalpine on the acquisition of the Romanian coating business from Barum Technik; and Xella on the acquisition of Macon Group.

Banking and finance: recent assignments: Governor and Company of the Bank of Ireland on the accession of the Romanian subsidiaries of the Irish group Origin Enterprises Public Limited Company to the €400m financing granted to the group; Fabryo Corporation (a company owned by Oresa Ventures) on the approx. €26m financing granted by BRD and Alpha Bank; BLOM Bank on numerous financings granted to companies involved in the real estate, agriculture and automotive industries; two Romanian subsidiaries of Immofinanz on the €71m financing granted by Raiffeisen Bank International AG for financing and refinancing the development of various office buildings in Bucharest; CLN Group on various amendments to the €200m financing granted by a syndicate led by BPN Paribas SA, Milan branch, as agent; and RTC Proffice (a company owned by Oresa Ventures) on two financings granted by BRD Societe Generale for refinancing seven financing granted by ING, Banca Romaneasca and Patria Bank, for working capital needs and bank letters of guarantee.

Competition and antitrust: recent assignments: Dedeman in two investigations regarding alleged resale price maintenance practices between producers and distributors on the interior and metal doors market and the boilers market – the investigations were closed with a consistent reduction of the fines applied to Dedeman; Auchan in an ongoing investigation on the retail food market; Albalact in three investigations on the food retail market – the first closed with no fines applied to Albalact, the second with a fine reduction and the third with no fines for Albalact; Ameropa in an investigation regarding an alleged price fixing cartel with other grains traders which was without fines for Ameropa; Fabryo Corporation in an investigation on the non-feeding paints and dyes market which was closed with no fines.

Project finance/PPP, concessions and infrastructure: recent assignments: a leading medical and pharmaceutical distributor in relation to the public procurement procedure for the award of five contracts regarding radiotherapy equipment; an infrastructure company on the tender process, negotiation, implementation and/or performance of four public procurement contracts concerning works of rehabilitation of drainage systems, extension and rehabilitation of water and wastewater infrastructures, modernisation and endowment of disembarkation points; SAP Romania on a public tender for the delivery of an IT client management system; SIVECO Romania on the public tender for the acquisition of “computer system integration and operational and analytical recovery of large amounts of data, personnel training and networking LAN and SAN”; and Swietelsky in connection with the award and/or performance of several public procurement contracts regarding railways rehabilitation works.

  • Contacts
  • Ernest-Virgil Popovici (senior partner)
  • Florian Nitu (managing partner)
  • Bogdan C Stoica (deputy managing partner)
  • Number of partners: 15
  • Number of lawyers: 80
  • Languages
  • English
  • French
  • Italian
  • Romanian

Above material supplied by Popovici Nitu Stoica & Asociatii.

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