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The multidisciplinary team of lawyers was coordinated by Nadia Badea and Loredana Ralea
Clifford Chance Badea has advised the German-based REWE / DerTour group with retail and tourism activities, in relation to the acquisition of the travel agency arm of Eurolines Romania.
The multidisciplinary project team included Nadia Badea, partner, Loredana Ralea (lead counsel), senior associates Ecaterina Burlacu (M&A) and Diana Crângașu (on competition law issues), and Maria Ciulică, lawyer.
The Bucharest office of the global law firm has advised the German group throughout the entire process, starting with the structure and due diligence stage, regulatory assistance, drafting, negotiating and signing of related documentation, as well as notifying the transaction to the competition authorities. The deal involved the analysis of competition aspects in several jurisdictions, thus requiring coordination with specialized lawyers from other Clifford Chance offices.
Loredana Ralea, lead counsel, says: "In this transaction, we advised a leading tourism player in Europe in acquiring one of the largest domestic travel agencies. The tourism industry is as interesting as it is complex, so the deal required, in addition to advising on the preparation and negotiation of documents, the analysis of specific regulatory issues, in particular competition law and data protection. In this context, the efforts of our multidisciplinary team, as well as the excellent collaboration with Clifford Chance colleagues in Germany, were essential for the successful completion of the transaction."
"We are glad to add to our M&A portfolio yet another successful collaboration with an international investor that consolidates its presence on the Romanian tourism market. The takeover of this solid entrepreneurial business that has attracted such a high-profile investor is further proof that Romanian entrepreneurs have the ability to grow businesses and bring them to leadership positions, with international potential," adds Nadia Badea.
Milestone M&A projects recently advised by Clifford Chance Badea include:
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Clifford Chance has been present in Romania since 2006 and operates now as Clifford Chance Badea. The Bucharest office is fully integrated in the global network and is frequently involved in complex transactions such as syndicated loans, project finance, restructurings, Eurobonds and shares issues on international capital markets, derivatives, companies' acquisitions by strategic investors or private equity funds, infrastructure and motorway projects, real estate investments etc., as well as domestic and international litigation and arbitration.