American Chamber of Commerce in Romania
15 Years in Romania
Honored with Business Superbrands Award 2007/2008
European Council of American Chambers of Commerce in Europe
Foreign Commercial Service of the U.S. Embassy
U.S. Chamber of CommerceWolf Theiss advised on a new M&A deal in transport sector
07/26/2010 I Source Wolf Theiss
Wolf Theiss advised the founding shareholders of Dumagas Transport SA, a leading Romanian road transportation company, on the sale of a significant stake to Bancroft. Dumagas Transport specializes in the transportation of liquid, powder goods, and vehicles, and holds a prominent position in controlled temperature warehousing and logistics. Bancroft is a mid-market, private equity fund focusing on Central and Eastern Europe. Bancroft will support the founding shareholders and managers as they continue developing the company's activities across all of its business lines. The transaction closed in July 2010.
"We are happy to have assisted the founding shareholders of Dumagas Transport SA in this transaction, which represents an important milestone for their business," said Ancuta Leach, the Wolf Theiss partner who coordinated the deal. "We believe that this deal is a sign of renewed interest by investors in the Romanian market and its business opportunities. Our team members who are focused on the transport and logistic sector were pleased to have successfully completed the transaction on behalf of Dumagas, and we look forward to a sustainable revival of the local M&A market.
"We are happy to have assisted the founding shareholders of Dumagas Transport SA in this transaction, which represents an important milestone for their business," said Ancuta Leach, the Wolf Theiss partner who coordinated the deal. "We believe that this deal is a sign of renewed interest by investors in the Romanian market and its business opportunities. Our team members who are focused on the transport and logistic sector were pleased to have successfully completed the transaction on behalf of Dumagas, and we look forward to a sustainable revival of the local M&A market.
