Romania

Popovici Nițu Stoica & Asociații has assisted Romania Education Alliance (REA), the national platform for excellence in private education, on the acquisition of a majority stake in Little London International Academy (LLIA), one of the most important private suppliers of education services. Romania Education Alliance was founded in 2024 by Anca and Dan Macovei Vlăsceanu, the founders of Mark Twain International School, together with Morphosis Capital investment fund. REA supports private schools in their expansion, modernization and accreditation processes. PNSA team was led by Silviu Stoica (Partner) along with Vlad Ambrozie (Managing Associate), with the support of Camelia Constantin (Managing Associate), Ioana Cazacu (Managing Associate) and Roxana Chiscop (Senior Associate). The tax assistance was provided by Raluca Rusu (Tax Partner) and Ileana Radu-Cernat (Tax Manager). PNSA provided legal assistance throughout the entire M&A process, from preliminary discussions, legal and tax due diligences, transaction structuring, up to transaction documents, negotiations and further assistance to signing and closing. *** Popovici Nițu Stoica & Asociații is a leading Romanian independent law firm and has been at the forefront of the market since its incorporation in 1995. Popovici Nițu Stoica & Asociații and PNSA Tax group today more than 80 lawyers and counsels, including 16 partners, largely acknowledged as top-notch commercial law experts, by clients and peers.

Glad and thankful to PPC for retaining our support in the merger of all its Romanian renewables companies. The merger will bring all renewables operations in Romania under the umbrella of PPC Renewables Romania. All companies are controlled by PPC Public Power Corporation Romania, a PPC group company. The PNSA core team was composed of Florian Nițu (Managing Partner), Silviu Stoica (Partner) and Managing Associates Ana-Maria Popa and Ela Marin. Senior Associate Mihaela Jarca, as well as Associates Cristina Anderco, Ruxandra Pasarica, and Zahra Ammar also contributed to the team. Thankful also to PPC legal team led by Alina Dumitrașcu, PhD (Director of Legal and Corporate Affairs) for the continuing trust, as well as to our colleagues from Suciu Partners.

VINCI Energies, a global leader in energy solutions and information technology, signed on July 16, 2025, an agreement to acquire, subject to regulatory approvals, the EnergoBit Group, one of the leading energy solutions providers in Romania. This transaction is part of VINCI Energies' broader expansion strategy in Central and Eastern Europe and reinforces the company’s commitment to the regional energy transition. Leroy și Asociații provided legal assistance to VINCI Energies on all aspects of the transaction through a multidisciplinary team coordinated by Bruno Leroy – Partner and Andreea Toma – Partner, also including Ruxandra Manciu – Senior Associate, Cristian Bumbac – Senior Associate, and Mihnea Rațiu – Senior Associate. “We are honored to have supported our client, VINCI Energies, in a landmark transaction for Romania’s energy solutions sector. This acquisition highlights both the solid potential of the local market and the confidence international investors place in its continued development,” said Bruno Leroy, Founding Partner, Leroy și Asociații. “We relied on Leroy și Asociații’s expertise throughout the entire transaction and appreciated the consistency and thoroughness with which the legal aspects were handled. Our long-standing collaboration has always been carried out in a professional manner,” stated Eric Devigne, Managing Director, VINCI Energies Central and Eastern Europe. D&B David și Baias provided legal assistance to the founders of EnergoBit through a team coordinated by Sorin David, Managing Partner, that included Cristina Păduraru – Partner, Lucian Bozian – Partner, Alice Spridon – Senior Managing Associate, and Andreea Toncu – Senior Associate. About Leroy și Asociații With over 25 years of experience in business law, Leroy și Asociații is an independent law firm providing high-quality legal services to a wide range of clients – from multinational companies, international institutions, and private equity funds to local entrepreneurs. Over the years, the firm has been involved in some of the most important mergers and acquisitions in Romania, including in highly regulated sectors.

July 2025 Popovici Nițu Stoica & Asociații (PNSA) has advised Ameropa Group, together with Hogan Lovells, on the full refinancing of the existing credit facilities of the Group. The new credit facility is in amount of up to USD 1,350,000,000. The syndicate of banks includes Coöperatieve Rabobank U.A., Raiffeisen Bank International AG and UniCredit Bank GmbH. The loan is provided in the form of a two long-term revolving facilities, contracted for the refinancing of the existing credit facilities already contracted by Ameropa Group, as well as for general corporate purposes. PNSA team that managed the legal aspects of this project was led by Partner Bogdan C. Stoica, with the contribution of Ioana Lazăr (Senior Associate) and Crina Stan (Associate). Ameropa is a Swiss-based agri-business group founded in 1948 with world-wide activities that span the full supply chain, ranging from production, to logistics and merchandising, to distribution. A core activity of the group is the global merchandising and distribution of fertilizer and food & feed products, supported and enabled by complementary assets, such as silos, warehouses and port facilities, as well as upstream assets such as fertilizer production plants. Active in more than 30 countries, the group is the largest exporter of grains out of the Danube region and the largest independent global fertilizer trader, which selectively invests in logistical and processing assets.