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News from Members bpv Grigorescu Ștefănică Advises on the First Private Equity Investment on the Insurance Brokerage Market in Romania

bpv Grigorescu Ștefănică Advises on the First Private Equity Investment on the Insurance Brokerage Market in Romania

by bpv GRIGORESCU STEFANICA November 10, 2015

bpv Grigorescu Ștefănică advised Otto Broker de Asigurare, one of the leading providers of insurance brokerage services, who attracted the first private equity investment on the insurance brokerage market in Romania of a total amount of EUR 4 million.
The investment is the first of its kind which the private equity fund The Foundations 1.0 SEE makes in Romania. A team of lawyers led by managing partner Cătălin Grigorescu has advised the company and its shareholders throughout the entire transaction process leading to the signing of the investment and shareholders' agreement.

The transaction involved both the implementation of general private equity concepts relevant in such matters, as well as designing special provisions regarding the evaluation of performance and future business objectives in a complex and dynamic regulatory framework which can significantly impact the evolution of the insurance brokerage market.
The investment is yet another confirmation of the fact that the insurance brokerage market in Romania is becoming increasingly sophisticated and the local players are looking to strengthen or consolidate their positions in an extremely competitive environment.

About bpv Grigorescu Ștefănică

bpv Grigorescu Ștefănică is an independent Romanian law firm with a full service offering for projects and litigation and a unique combination of legal and tax advisory capabilities. The practice area expertise is enhanced by the industry knowledge across the sectors of energy, infrastructure, utilities, environment, TMT, pharma and agriculture. bpv Grigorescu Ștefănică has a strong team of Romanian qualified lawyers with strong local and international academic background and practical professional experience. The team is multilingual with excellent collective capabilities in Romanian, English, German and French. bpv Grigorescu Ștefănică obtained recommendations from some of the most prestigious international specialised publications that make annual rankings of the best Romanian legal firms.
bpv Grigorescu Ștefănică has a solid experience in providing legal assistance to companies interested in attracting private funding and activates also in the joint venture BACG, a company formed together with BAC Investment Banking and which is an authorised consultant by the Bucharest Stock Exchange for listing on the alternative trading system, AeRO.

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