RTPR has assisted Proinvest Group SRL in relation to the sale of the insulating panel division to Lattonedil S.p.A., a leading Group in Europe in the production and marketing of insulating panels. After the completion of the transaction, Proinvest Group will remain involved in the production of sandwich panels together with Lattonedil, with a minority stake, within the newly created entity, Lattonedil Romania SRL.
Proinvest Group was founded in 2000 in Pascani and specialises in the design and manufacture of steel components, construction and industrial systems. The company operates several production facilities in Iasi county.
“The involvement and in-depth knowledge of the RTPR team were essential throughout the project. We found in them a responsible and reliable partner, and their significant expertise in M&A was a determining factor in the success of the project”, declared Vasile Sandu, founder and CEO of Proinvest Group.
The team of lawyers involved in this project was coordinated by Cezara Urzica (Senior Associate) and Andrei Nicolae (Associate), under the supervision of Mihai Ristici (Partner), and further included Iasmina Buse (Junior Associate). Roxana Ionescu (Partner), Serban Halmagean (Associate) and Daria Spatariu (Junior Associate) provided assistance in relation to FDI aspects of the transaction.
“We are happy to have been involved in another transaction in which a Romanian entrepreneurial company manages to attract an experienced strategic partner, with whom it will continue to develop. We would like to thank Proinvest Group for putting their trust in our team and to wish them the best of luck in the future!”, said Mihai Ristici, Partner of RTPR.
“I would also like to congratulate the Proinvest Group team for the success of this transaction and to thank them for the excellent collaboration. I am really pleased to have had the chance to contribute to the completion of this deal, which opens up new opportunities for both parties”, said Cezara Urzica, Senior Associate at RTPR.
RTPR’s Corporate/M&A practice boasts an impressive track record of high-profile transactions and an unrivalled reputation, consistently highlighted by international legal publications. Its experience in the most complex M&A mandates in various sectors was noticed and appreciated by the most prestigious international legal guides, such as Legal 500, Chambers & Partners and IFLR1000, which place the company in the first tier of the rankings. At the same time several of the RTPR lawyers are recognised as Leading Lawyers or Rising Stars for this field in individual rankings.
Selected corporate/M&A deals in which RTPR have recently advised are set out below:
- MidEuropa on the sale of Cargus to courier company SAMEDAY, part of the eMAG group
- MidEuropa on the sale of Regina Maria Group to Mehiläinen in the largest ever healthcare services transaction in Central Europe
- MidEuropa Partners on the EUR1.3bn sale of Profi, in the largest transaction in the retail sector ever concluded in Romania
- AROBS Transilvania Software, an important Romanian company that provides software services and solutions in various industries and the largest tech company listed on the Bucharest Stock Exchange, on the acquisition of majority stake in Gess Engineering
- Resource Partners on the acquisition of a majority stake in Ia Bilet SRL, the most important ticketing platform in Romania, as well as of the concert organiser BestMusic Concerts SRL
- OX2 on the sale of a 96 MW onshore wind project located in Galati County
- ROCA Investments on the sale of its shareholding stake in Artesana, the well-known local producer of premium natural artisanal dairy products
- Tensa Art Design, and its shareholders Daniel Craciun, Florin Nita and ATM Ventures, part of Autonom group, in relation to attracting investment from OH Holding Limited
- Integral Capital Group on the acquisition of a majority stake in Embryos, a leading fertility and gynaecology clinic in Romania, specialised in assisted reproduction technology, offering an integrated suite of fertility treatments, including IVF
- Abris Capital Partners on the sale of Pehart Grup, one of the largest paper producers in South-Eastern Europe, to INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic States
