RTPR has assisted IPS Solutions Group in relation to the acquisition of the majority stake in Avaelgo SRL from the founder Mihai Tataran. Avaelgo is a Romanian IT services company founded in 2006, which provides full-service tech solution & managed services. IPS Solutions Group is a leader on the European software market, offering consultancy in technology, digital solutions and cloud services.
“We would like to thank IPS Solutions for trusting us with this mandate that we are honoured and proud to have successfully closed. We are happy to add them to our client portfolio and at the same time to expand our transaction track record with a new project. We are proud of our highly experienced M&A team that is constantly involved in the most exciting transactions on the market”, declared Alina Stavaru, Partner of RTPR.
“It was a beautiful project and we are happy to have contributed to its success. Romanian technology companies continue to attract the interest of international investors. For Avaelgo this is a new beginning alongside an experienced investor such as IPS Solutions, who will surely provide the necessary support for the next phase of development. Congratulations to all parties on the success of this transaction!”, said Andrei Tosa, Managing Associate at RTPR.
RTPR’s Corporate/M&A team is well known for its extended transactional experience. Last year, RTPR signed 26 M&A transactions, out of which 10 private equity deals. Legal 500, Chambers & Partners and IFLR1000, the most reputed international legal directories, rank RTPR’s Corporate/M&A practice in first tier in the annual rankings for the law firms in Romania. At the same time several of the team’s lawyers are recommended as Leading Lawyers or Rising Stars in individual rankings produced by these publications.
Selected TMT (technology, media, telecom) deals in which RTPR have recently advised are set out below: