RTPR has advised SARMIS Capital and BMF GRUP on the acquisition of 100 per cent of the shares in Flash Lighting Services S.A., a company specialising in the design, implementation and management of smart lighting systems. BMF GRUP, a portfolio company of the private equity fund SARMIS Capital, was founded in 2011 and provides services for the management, operation, construction, modernisation and efficiency improvement of buildings and urban infrastructure, with national coverage. The transaction is subject to customary regulatory approvals.

The RTPR team was coordinated by Vlad Stamatescu (Counsel), under the supervision of Mihai Ristici (Partner), with support from George Capota (Associate), and further included Ianita Tui, Cezara Urzica (Counsels), Andrei Tosa (Senior Associate), Irina Ratiu, Iasmina Buse and Fabian Oltenacu (Junior Associates). Roxana Ionescu (Partner) and Serban Halmagean (Managing Associate) are advising on competition and FDI aspects of the deal.

“Every new mandate with SARMIS Capital strengthens a professional relationship built over time and based on mutual trust. We have had the privilege of supporting them at key moments in their investment strategy and are delighted to continue this collaboration with a new transaction that is relevant for the development of BMF GRUP. We would like to thank the SARMIS Capital team for choosing RTPR once again and congratulate them on another successful project”, said Mihai Ristici, Partner at RTPR.

“We worked closely with the SARMIS Capital and BMF GRUP teams to identify pragmatic solutions and support the buyer’s commercial objectives throughout the process. The acquisition of Flash complements the group’s capabilities and opens up new growth prospects in the field of urban infrastructure and Smart City solutions. We are delighted to have contributed to an acquisition of significant strategic importance for the group’s development”, said Vlad Stamatescu, Counsel at RTPR.

In recent years, RTPR has advised SARMIS Capital on several investments in Romanian entrepreneurial companies, such as Corporate Office Solutions (COS), the leading provider of integrated fit-out services for office spaces in Romania (2021), Smart ID Dynamics S.A., an important provider highly customised end-to-end automation solutions for intensive business environments, leader in the Romanian IT industry (2022), and BMF Grup (2023).

RTPR has unrivalled experience in M&A and private equity deals. The exceptional performance of the team is confirmed by the annual rankings of the most prestigious international legal guides, Legal 500, Chambers & Partners and IFLR1000, which rank the Corporate/M&A practice in the first tier among law firms in Romania. This recognition also extends to the individual level, with several of the team’s lawyers being recommended as Leading Lawyers or Rising Stars.

Selected corporate/M&A deals in which RTPR have recently advised are set out below:

• AutoBinck Group on the sale of Business Lease Romania S.R.L. to Autonom Group
• Nibiru Real Estate, the company developing the entertainment and leisure project NIBIRU launched this summer on the Romanian seaside, on its investment partnership with Inspire Asset Management
• Enterprise Investors and its portfolio company 18GYM on its investment in Stay Fit Gym
• Boldmind Capital Partners on the acquisition of Pallet Express S.R.L. from Delamode Group Limited, a portfolio company of BaltCap, the largest private equity fund manager in the Baltic states
• Resource Partners, one of the largest CEE private equity funds, on the sale of its entire stake in Ia Bilet SRL, the well-known Romanian ticketing platform, to PLG Romania, part of AS Piletilevi PLG
• Viorel and Elena Tofan, the shareholders of Dinamic92 Distribution SRL, Romania’s leading independent tyre distributor, on the sale of the company to Nordic Tyre Group, one of Europe’s leading independent tyre wholesale and distribution platforms backed by Nordic private equity firm Axcel
• Provectus Capital Partners on the acquisition of a majority stake in Seatbelt Consulting, Romania’s market leading provider of occupational health and safety services
• Macquarie Asset Management (MAM) on the EUR700m sale of Evyro Group, owner of Distributie Energie Oltenia (DEO), a regulated electricity distribution network in Romania, to Premier Energy Group
• MidEuropa on the sale of Regina Maria Group to Mehiläinen in the largest ever healthcare services transaction in Central Europe