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 Commerce
bpv GRIGORESCU ȘTEFĂNICĂ provided legal advice to BIP Grup România
01/26/2012 I Source bpv GRIGORESCU STEFANICA
bpv GRIGORESCU STEFĂNICĂ advised BIP Group, leader on the merchandising market, and its shareholder, Eugen Saulea, in the share sale transaction entered into with the American company SPAR Group, in December 2011.
In 2007 BIP Group sold 50% of its shares to IMSG, a British investment fund. The transaction was estimated at USD 3.3 million and was, again, assisted by bpv GRIGORESCU STEFĂNICĂ. In 2011, IMSG sold BIP Group shares to SPAR Group. This new alliance allows BIP Group to target both expansion of the company’s business to the emergent markets in South-Eastern Europe, as well as the consolidation of its position on the local market by launching new services and making new investments in the logistic of the company, including development of communication applications.
The team of bpv GRIGORESCU STEFĂNICĂ included partner Alexandru Rusu and associate lawyer Flavius Florea. The team was involved in the entire negotiation process and advised inter alia on M&A and taxation matters included the legal aspects of mergers and acquisitions and taxation. “The discussions and negotiations took months, during which with the support of bpv GRIGORESCU STEFĂNICĂ was outstanding, as always before”, said Eugen Saulea, General Manager of BIP.
The mergers and acquisitions practice of bpv GRIGORESCU STEFĂNICĂ accounts for more than 30% of the global practice of the firm.
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BIP Group (Business Ideas Provider Grup România) renders trade marketing and sale services. BIP’s portfolio of clients includes important multinationals active in FMCG: Coca Cola, Phillip Morris, JTI, BAT, Kraft Foods, Nestlé, Interbrands, Ursus Breweries, Overseas, Agroalim, Alexandrion, Metrou, Monte Bianco, De Silva, Zarea etc. In 2011, BIP Group reported revenues of EUR 3.9 million, up by 1,8% vs. 2010 and 31,7% higher than in 2009.
Established back in 1967, SPAR Group is a strong international player on the merchandising and marketing services, operating in USA, Canada, Japan, India, China, Hong Kong, South Africa, Australia, Turkey, Mexico, as well as on the emergent markets in Europe.
