RTPR has assisted regional private equity fund active in South-Eastern Europe Provectus Capital Partners in relation to the acquisition of a majority stake in Seatbelt Consulting, Romania’s market leading provider of occupational health and safety services. The transaction is subject to the fulfilment of the conditions precedent agreed by the parties.
“On behalf of Provectus Capital Partners team, I would like to thank RTPR, Alina and Andrei for their outstanding support throughout this transaction. As our first investment in Romania, this project is particularly important for us and we could not have asked for better partners on the legal side, it was a real pleasure working together”, said Cosmin Comșa, Investment Director Romania at Provectus Capital Partners.
The team of lawyers involved in this project was coordinated by Alina Stavaru (Partner), together with Cezara Urzica (Counsel) and Andrei Tosa (Senior Associate) for the due diligence, and together with Andrei Tosa (Senior Associate) for the transactional phase. The team further included Andrei Nicolae, Victor Popa (Associates), and Iasmina Buse (Junior Associate) for the due diligence, and Iulia Calin (Junior Associate) for the transactional phase. Ianita Tui (Counsel) and Irina Ratiu (Junior Associate) provided assistance on the real estate aspects, while Roxana Ionescu (Partner) and Serban Halmagean (Managing Associate) on foreign direct investments matters.
“Our experience in private equity transactions allowed us to efficiently manage the particularities of this type of project and to contribute to finding a solution tailored to the investor’s strategic objectives. We are honoured to have assisted the Provectus team in this investment and appreciate the trust placed in our team throughout the mandate”, said Alina Stavaru, Partner of RTPR.
“This transaction marks Provectus Capital Partners’ entry into the Romanian market and confirms the attractiveness of local opportunities for international investors. Seatbelt is a leader in a fragmented sector with strong prospects for growth and consolidation. We are happy to have assisted the Provectus team in structuring a partnership designed to support the accelerated development of the company”, added Andrei Tosa, Senior Associate at RTPR.
The impressive experience of RTPR’s team in corporate/M&A deals and its client portfolio recommend the law firm as the first choice for transactions in Romania. The most reputed international legal directories Legal 500, Chambers & Partners and IFLR1000 rank RTPR’s Corporate/M&A practice in first tier in the annual rankings for the law firms in Romania, and several of the team’s lawyers are recommended as Leading Lawyers or Rising Stars in individual rankings.
Selected corporate/M&A deals in which RTPR have recently advised are set out below:
- Macquarie Asset Management (MAM) on the EUR700m sale of Evyro Group, owner of Distributie Energie Oltenia (DEO), a regulated electricity distribution network in Romania, to Premier Energy Group
- MidEuropa on the sale of Regina Maria Group to Mehiläinen in the largest ever healthcare services transaction in Central Europe
- MidEuropa on the sale of Cargus to courier company SAMEDAY, part of the eMAG group
- MidEuropa on the EUR1.3bn sale of Profi, in the largest transaction in the retail sector ever concluded in Romania
- Tenaris Silcotub on the acquisition of Artrom Steel Tubes, a European leader in the production of seamless steel pipes for industrial applications
- EMSA Capital on the sale of its 100% shareholding in Aplast, a Romanian manufacturer of PVC windows and doors, to Extruplast
- 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 Quest Global Romania
- Proinvest Group SRL on 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
- 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
