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News from Members Filip & Company assists Gedeon Richter in the sale of its wholesale and retail operations in Romania

Filip & Company assists Gedeon Richter in the sale of its wholesale and retail operations in Romania

by Filip & Company October 25, 2022

Filip & Company law firm assisted Gedeon Richter, an innovation-driven specialty pharmaceutical company, in relation to the sale of its pharmaceutical retail and wholesale operations in Romania to Dr. Max Group, a pharmacy chain owned by Penta Investments. The transaction has been executed on 20 October 2022 and remains subject to the approval of the Romanian Competition Council.

Filip & Company provided legal assistance in relation to all the stages of the transaction: conducting the vendor due diligence, assistance with the set-up of the data room and the drafting and negotiation of the contractual documentation.

“This fall remains effervescent in terms of the M&A market and we are happy to continue being heavily involved in the landmark transactions taking place this season. Long-term thinking and continuous development are stable building blocks of Gedeon Richter’s history. Every element of Richter’s long-standing business is permeated by this philosophy, and we are both delighted and honoured that they have entrusted us with a project that is both complex and strategic to their business, said Monica Stătescu, partner at Filip & Company.

The Filip & Company team was coordinated by Monica Stătescu (partner) and included Andreea Bănică (senior associate, Corporate and M&A) and Andrei Anghel (associate, Corporate and M&A), while Smaranda Văcaru (senior associate) provided legal assistance on financial law matters.

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.

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 a wide experience in several domains, 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.

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