Filip & Company has provided legal assistance to Continental and its ContiTech division in connection with the sale process of the Original Equipment Solutions (OESL) business unit to U.S.-based private holding company Regent. The transaction, which is globally coordinated by Freshfields, involves operations in over 15 jurisdictions and is subject to antitrust approval.
Filip & Company was responsible for all local legal aspects in Romania, primarily advising on the transactional and regulatory matters related to the carve-out (separation and transfer) of the OESL business, assistance in the vendor due diligence and local transactional aspects of the deal.
“Central and Eastern Europe is a very active region for the automotive industry, and this transaction reflects the strong interest of international investors. We are delighted to have supported Continental in a project of such scale and to have contributed, through our local expertise, to the smooth signing of the deal. We are grateful to our clients for their trust and to our global partners for the excellent collaboration,” said Alexandru Bîrsan, Managing Partner at Filip & Company.
The Filip & Company team involved in the project was led by Alexandru Bîrsan (Managing Partner) and included Simona Despa Ungureanu (Senior Associate), Mihaela Ispas (Counsel), Monica Popa (Associate) and Ionut Blidar (Associate). Competition and foreign direct investment matters were handled by Cătălin Suliman (Partner), Roxana Roșca (Senior Associate), and Sergiu Păun (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 Filip & Company lawyers are ranked year after year in the most prestigious international directories – Chambers and Partners and Legal 500 - with their M&A practice, both as a team as well as individually.
Filip & Company
Filip & Company is one of the leading law firms in Romania providing top quality assistance in all relevant areas of law for businesses operating in Romania or considering Romania. Specialized in complex projects that require an innovative approach, Filip & Company lawyers have significant experience in various areas, such as infrastructure and concession, mergers and acquisitions, energy, corporate, real estate, competition law, finance, and capital markets but also labour law, data protection, consumer or environment protection. The law firm also provides legal assistance and representation in disputes and arbitrations with significant implications for the clients’ businesses. Please visit www.filipandcompany.com to find out more about Filip & Company’s expertise and team.
