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News from Members Mușat & Associații advises Spectrum Brands Unit on the $2 billion sale of its lightning business to Energizer

Mușat & Associații advises Spectrum Brands Unit on the $2 billion sale of its lightning business to Energizer

by Musat & Asociatii January 18, 2018

Website www.musat.ro

Mușat & Asociații is part of the legal team advising Spectrum Brands Unit, a $5 billion consumer products company, in connection with the $2 billion sale of its global battery and portable lightning business to Energizer Holding Inc., one of the world's largest manufacturers of primary batteries and portable lighting products. The transaction is expected to close before the end of the year, subject to regulatory approval.

Teaming up with Baker & McKenzie LLP, as international counsel, Mușat & Asociații provides local law advice to Spectrum Brands Unit. The team is coordinated by Monia Dobrescu (Partner) and is formed of experienced lawyers, counselling on a wide range of legal issue, among which Anca Vatașoiu (Managing Associate), Adrian Danciu (Senior Associate), Anca Simeria (Senior Associate) and Cristian Cepeși (Associate).

Spectrum Brands Unit is an American consumer products company that generated a revenue of $866 million in 2017 and earnings before interest tax, depreciation and amortisation (EBITDA) of $169 million. This transaction will allow the company to focus on its remaining businesses - hardware, auto care and pet and gardening products.

Energizer Holding Inc. is one of the world's largest manufacturers of primary batteries and portable lighting products. By this transaction, Energizer will expand its international business, consolidating its position in EMEA and Latin America.

MUŞAT & ASOCIAŢII is one of the first law firms established in Romania after 1 January 1990. With 20 partners and over 100 attorneys and advisors, MUŞAT & ASOCIAŢII provides consulting services in all business law areas, including Mergers & Acquisitions, Privatization, Banking, Energy & Natural Resources, Competition, Corporate, Telecommunications & IT, Labour, Tax, Capital Markets, Real Estate, Environmental Law, Litigation & Commercial Arbitration, Criminal Law.

Recognized as one of the pillars of Romania’s business law practice, MUŞAT & ASOCIAŢII is constantly recommended by international specialized publications (Chambers & Partners, International Financial Law Review, Legal 500 etc.) as a leading law firm in Romania. Besides, many of its attorneys have been nominated by such publications among the elite of business law in Romania.

In 2015, MUŞAT & ASOCIAŢII won the “Law Firm of the Year in Romania” award, a distinction handed out annually by the reputed British publisher “The Lawyer” to European law firms with outstanding achievements in the reference year.
In 2013, MUŞAT & ASOCIAŢII won the “The Law Firm of the Year in Romania” award granted by the International Financial Law Review. That was the second time that Muşat & Asociaţii was granted this prestigious award, after the distinction received in 2011, when Romania was included for the first time on the list of countries nominated for the International Financial Law Review (IFLR) awards.

Moreover, in 2012 MUŞAT & ASOCIAŢII won the Gold Award for the “Best Law Firm in Central and Eastern Europe”, an accolade awarded by the 2012 International Legal Alliance Summit & Awards, for excellent results obtained on the Romanian market by the MUŞAT & ASOCIAŢII team, both with regard to the mandates portfolio in the Mergers & Acquisitions area of practice, and to the management strategy adopted.

Furthermore, the renowned publication Chambers Europe awarded the “Romanian Law Firm of the Year” trophy to MUŞAT & ASOCIAŢII, the law firm with the best performance in Romania, during the “Chambers Europe Awards for Excellence 2011” gala.
On a regular basis, MUŞAT & ASOCIAŢII provides the most renowned and valued corporations in Romania, as well as local public and financial institutions with legal advice on intricate corporate and financial transactions and complex dispute resolution procedures. The law firm’s portfolio includes over 3,000 clients, most of which are foreign investors and multinational corporations.

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