The Legal 500

Within Banking, finance and capital markets, Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP is a first tier firm,

Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP enjoys access to the highest level of banking and finance work thanks to its Magic Circle association. Clients are impressed with its ‘good response times’, ‘commercial judgement’ and ‘knowledge and awareness of the client’. The practice represented Société Générale and a syndicate of international banks on the €300m refinancing and restructuring of existing bank facilities granted to an international player in the meat processing industry. The European Bank for Reconstruction and Development (EBRD) is an important client and the practice has acted for it on a number of large financings including a $180m facility for Alro, one of Romania’s largest companies and the largest aluminium smelter in the region. Victor Padurari is ‘very sharp and an excellent manager of his team’; clients also note that the firm’s banking and finance practice has ‘no weak links’.

Within Corporate and M&A, Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP is a second tier firm,

Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP has a strong transactional practice with an emphasis on financial services and private equity clients. The firm is praised for its ‘commitment, knowledge and quality of advice’. It acted for Advent International in relation to the acquisition of a majority stake in Centrul Medical Unirea (CMU), a leading chain of medical clinics in Romania, from the private equity company 3i and the founders of the business in a very competitive sale purchase. In the finance field, the practice represented EFG Eurobank Group in connection with its acquisition of minority shareholding stakes in Bancpost as well as representing private equity player 3TS Cisco Growth Fund in connection with the acquisition of a minority stake in Internet Corp, a Romanian-based online media company. Costin Taracila and Mihai Ristici are praised for their ‘dedication and pragmatism’.

Within Dispute resolution, tier 4

Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP’s disputes practice is concentrated on its financial services client base. The firm acted for a leasing company regarding the types of enforcement action it could take against several bad debtors whose debts exceeded €10m, as well as representing a major Romanian Bank in a case against a minority shareholder.

Within Energy and natural resources, Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP is a third tier firm,

Transactional work and financing are at the heart of Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP’s energy practice, reflecting the firm’s broader profile. It advised the EBRD in connection with the financing of two greenfield wind farm projects in the county as well as acting for ContourGlobal Solutions on the set up of an electricity trading company. Costin Taracila heads up the practice.

Within IT, telecoms and media, Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP is a second tier firm,

Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP’s IT practice is focused on transactional matters. The firm has a strong private equity client base. It acted for 3TS Cisco Growth Fund in connection with the acquisition of a minority state in Internet Corp, a Romanian based online media company as well as representing Swisscom on its exit from the country’s CATV and internet provision market via a share sale.

Within Public private partnership and procurement, Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP is a first tier firm,

Financing work is at the heart of Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP’s PPP work. The European Bank for Reconstruction and Development is an important client and the firm has worked on a number of PFI’s including modernisation work in the cities of Arad and Brasov. It also acted for Netcity on the development of the largest underground metropolitan fibre optic network in Bucharest in PPP with the Bucharest Municipality. Victor Padurari is the key contact.

Within Real estate, Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP is a third tier firm,

Finance work is at the heart of Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP’s real estate practice. Clients are impressed with the ‘very good level of service’. The firm is continuing to act for the Copper Beech Group which owns a large amount of land around Bucharest. The practice is providing all legal advice in relation to the company’s plan to build 17 residential developments over the next five years. It also represented KBC Bank in connection with several financings granted to the real estate developer Belrom for the development of six retail parks. Victor Padurari is recommended.