The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon
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 groups today 80 qualified lawyers and tax advisors. Focusing traditionally on the private sector and on 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: 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 some of the largest transactions of each year, an aspect also usually acknowledged by the Romanian Financial Newspaper (Ziarul Financiar) through its yearly awards: largest transaction in Real Estate in 2018, largest transaction in the building materials sector in 2018, 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 transactional highlights:

  • Dedeman on the acquisition of The Bridge from Forte Partners, in one of the largest office real estate transactions in Romania.
  • Medicover on the acquisition of three independent medical centers: Phoenix Medical Center, Academica Medical Centers and Pelican Hospital.
  • Oresa Ventures on the sale of Fabryo to AkzoNobel.
  • Farmexim and Help Net, one of the largest pharmacy chains and pharmaceutical wholesalers, on their sale to Phoenix.
  • Net Brinel on its takeover by SNEF.
  • WDP on the acquisition of Dunca Logistics Centre and CTPark Cluj I.
  • RTC Proffice Experience, a subsidiary of Swedish investment fund Oresa Ventures, on the acquisition of Paper Plus.
  • Dedeman on the acquisition of Cemacon and Cemacon Real Estate.
  • Voestalpine on the acquisition of (i) the Romanian coating business from Barum Technik; and (ii) the majority stake in Travertec Buzău.
  • Ameropa on the acquisition of (i) Sărulești agricultural base; and (ii) 40% of the shares of agribusiness companies Promat Comimpex and Agroind Cauaceu.

Banking and finance:

Recent transactional highlights:

  • VIA SMS Group on its entry in Romania pursuant to the acquisition of Netcredit IFN SA.
  • Unirii View on the €23m financings granted by Raiffeisen Bank for the development of an office building.
  • CLN Group on various amendments to the €200m financing granted by a syndicate led by BPN Paribas S.A., Milan Branch, as agent.
  • Hidroconstructia on US$ 23 million syndicated credit agreement concluded with BRD Société Générale and Exim Bank for the implementation of a USD 115.5 million contract in Jordan.
  • 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.

Competition & Antitrust:

Recent transactional highlights:

  • Dedeman on the successful clearance by the Competition Council of the acquisition of Cemacon and Cemacon Real Estate.
  • A leasing company in the Competition Council investigation on the market of financial leasing and of the consumer credit from Romania.
  • Olanesti Riviera in the Competition Council investigation in relation to an alleged abuse of dominant position. The investigation was closed with no fines applied to Olanesti.
  • Xella on the successful clearance by the Competition Council of the acquisition of Macon Group.
  • A retail company in the Competition Council investigation in relation to the activity of the company in the Bucharest Airport.

Real Estate:

Recent transactional highlights:

  • Dedeman on the acquisition of The Bridge.
  • WDP on the acquisition of Dunca Logistics Centre and CTPark Cluj I.
  • Immochan on the development of Coresi Business Park Brasov.
  • Immofinanz on the sale of Jandarmeriei Office and Jandarmeriei Residential projects to Speedwell.
  • Auchan and One United on their development of One Floreasca City on the former Ford historical plant.
  • WESTCHESTER on the development, investment in and operation of its Romanian agriculture portfolio, following the takeover of the management of Rabo Farm portfolio in Romania.

Project finance/PPP, concessions and infrastructure:

Recent transactional highlights:

  • 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”.
  • Swietelsky in connection with the award and/or performance of several public procurement contracts regarding railways rehabilitation works.

 

  • Number of partners: 15
  • Number of lawyers: 80
  • Languages
  • English
  • French
  • Italian
  • Romanian

Above material supplied by Popovici Nitu Stoica & Asociatii.

Legal Developments in Romania

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to