Filip & Company assisted the Portuguese subsidiary of Digi Group in the conclusion of an agreement for the acquisition of 100% of the shares issued by Cabonitel, S.A. at a value of EUR 150 million. The perimeter of the transaction includes Nowo Communications, S.A., the fourth largest mobile and fixed telecommunications operator in Portugal, a company wholly owned by Cabonitel, S.A..

“Digi is one of the Romanian companies with the largest investments outside Romania, with a robust strategy to expand into international markets. The swift acquisition of Nowo Communications, Portugal’s fourth largest telecommunications operator, is an important milestone in the Digi Group’s process of strengthening its presence in Europe. This acquisition reconfirms Digi Group’s ability to identify and capitalize on growth opportunities beyond Romania’s borders in a highly competitive market. We are glad to have had the opportunity to work as a team again and thank them for their trust.”, said Alexandru Bîrsan, Partner and Head of Corporate, M&A and Capital Markets department at Filip & Company.

The Filip & Company team that assisted the Digi Group in this project was coordinated by Alexandru Bîrsan (partner) and included Olga Niță (partner), Anca Bădescu (associate) și Bianca Gheorghe (associate).

The lawyers at Filip & Company have had important roles in many of the key M&A transactions in Romania. Whether they were privatisations, private equity, venture capital or growth capital transactions or other complex M&A, in most of the cases, at least one of the parties was legally assisted by Filip & Company. Furthermore, the lawyers at Filip & Company are ranked first in the most prestigious international legal directories – Chambers and Partners and Legal 500 - with their M&A practice, both as a team as well as individually.