Filip & Company law firm has provided legal assistance to Inspire Asset Management, the investment company founded by Iulian Stanciu, in relation to its acquisition of a stake in Nibiru Real Estate, the developer of the Nibiru entertainment and leisure project located on the Romanian coastline, in the Costinești area.

The transaction marks a new stage in Inspire Asset Management’s investment in Nibiru; the partnership between the two companies was established as early as the project’s development phase, through funding provided prior to its launch. The investment now continues through a direct stake in the company’s share capital. The completion of the transaction is subject to approval by the Competition Council.

The legal assistance provided by Filip & Company has included conducting the due diligence process, structuring the investment, and preparing and negotiating the transaction documentation, covering both the financing aspect and the investor’s entry into the company’s shareholding structure.

“You all know by now that Nibiru is absolutely brilliant, but we were very lucky to get a sneak preview. It’s the sort of project where you’re inspired by everyone else’s energy and find yourself working with a smile on your face. We’re convinced that Nibiru will continue its upward trajectory and that more and more of us will be able to enjoy ourselves there. We’re delighted to have been able to partner with Inspire Asset Management on this investment and to have contributed to this wonderful project. We’d like to thank them for their trust and for the excellent collaboration, and we wish them every success in this new venture”, said Alexandru Bîrsan, managing partner at Filip & Company.

The Filip & Company team that advised Inspire Asset Management on this transaction was led by Alexandru Bîrsan (managing partner), Ioana Roman (partner) and Simona Ungureanu (counsel) and included in key roles Camelia Ianțuc (counsel) and Roxana Tiugan (associate). The team in charge of the due diligence process consisted of Alina Savastre (senior associate), Alexandra Ionescu (associate), Roberto Cazacu (associate), Minodora Bănică (associate) and Cătălina Popescu (associate), whilst competition law issues were handled by Cătălin Suliman (partner), Roxana Roșca (counsel), Sergiu Păun (associate) and Antonia Cioploiu (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.     

Filip & Company

Filip & Company is one of the leading law firms in Romania, providing top-quality assistance in all relevant areas of business law for companies operating in—or considering—Romania. Specialised in complex projects that require an innovative approach, Filip & Company's lawyers have significant experience in diverse areas, such as infrastructure and concessions, mergers and acquisitions, energy, corporate, real estate, competition law, finance, and capital markets, as well as labour law, data protection, and consumer or environmental protection. The firm also provides legal assistance and representation in disputes and arbitrations with significant implications for their clients’ businesses. Please visit www.filipandcompany.com to find out more about Filip & Company’s expertise areas and team.