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News from Members RTPR Allen & Overy advises Allianz Capital Partners on its investment in E.ON

RTPR Allen & Overy advises Allianz Capital Partners on its investment in E.ON

by RTPR Allen & Overy November 29, 2016

RTPR Allen & Overy has advised Allianz Capital Partners on the acquisition of a 30% stake in E.ON Distributie Romania, the largest electricity and gas distribution network operator in the northern part of Romania. This is the largest transaction in Romania in the energy sector in the last years.

The RTPR Allen & Overy team was led by Mihai Ristici and Alina Stăvaru (Romania), Karan Dinamani and Jon Fox (Allen & Overy London) and Ellen Braun (Allen & Overy Hamburg on antitrust). The transaction was supported by a team of 20 lawyers from the RTPR Allen & Overy office.

Mihai Ristici commented: “It’s a privilege to have assisted Allianz Capital Partners on their investment in E.ON. The success of this landmark transaction in the Romanian market represents a remarkable accomplishment for our team. I would also like to thank KPMG and Botezatu & Asociatii for their excellent collaboration, on this deal.”

Karan Dinamani said: “This is the second ground-breaking deal to sign in Romania this week that RTPR Allen & Overy has advised on, following Enterprise Investors’ exit from Profi, Romania’s largest supermarket chain. This demonstrates the depth and breadth of our international private equity practice which has enabled us to advise on some incredibly significant deals this year.”

RTPR Allen & Overy’s main areas of activity are: financing, mergers and acquisitions, capital markets, insolvency and restructuring, competition, labour law, intellectual property law, litigation and arbitration, and providing advice across a range of business sectors including energy, telecommunications, finance, real estate and the pharmaceutical industry.
Selected transactions in which RTPR Allen & Overy have been involved in the last 12 months are set out below:

• Enterprise Investors in relation to the sale of Profi supermarket chain to Mid Europa Partners, in the largest deal ever completed by a private equity fund in Romania and the largest deal in the retail sector in the country’s history
• South Eastern European Fund on the sale of Total Soft SA, the most important ERP producer in Central Europe
• Regina Maria, the healthcare services provider and Mid Europa Partners on the acquisition of Ponderas Hospital
• Enterprise Investors in relation to the acquisition of “Noriel” group, the largest toys and games retailer in Romania
• PAI partners, owner of R&R Ice Cream on its joint venture with Nestlé to form a new entity which will be called Froneri
• Enterprise Investors in relation to the sale of Smartree Romania, an important player on the market providing outsourcing payroll and personnel administration process services
• Catalyst Romania fund on the recent investments in SmartDreamers S.R.L., a well-known online recruitment platform, Intelligent IT, the developers of the well-known billing software SmartBill and Marketizator Friends, offering to online businesses conversion rate optimisation services, surveys, traffic segmentation and web personalisation
• Elefant Online and its shareholders, Millennium Gold Resources and Catalyst Romania, in relation to the investment of Axxess Capital and a supplementary investment from its minority shareholder Catalyst Romania
• Technology in Central and Eastern Europe fund in relation to the acquisition of Internet Corp, one of the biggest players on the online publishing market at the moment which owns several well-known websites such as wall-street.ro, 9am.ro, start-up.ro etc.

Note to the editors:
1. Allen & Overy is an international legal practice with approximately 5,200 staff, including some 530 partners, working in 44 major cities worldwide.
2. RTPR was incorporated in 2004 and has been working in association with Allen & Overy since 2008. RTPR Allen & Overy has a team of 44 lawyers, including 5 partners: Costin Tărăcilă, Victor Pădurari, Alexandru Retevoescu, Mihai Ristici, Valentin Berea and also Prof Dr Lucian Mihai, Of counsel.
3. In this press release, “Allen & Overy” means Allen & Overy LLP and/or its affiliated undertakings.
4. In this press release, “RTPR Allen & Overy” means Radu Tărăcilă Pădurari Retevoescu SCA in association with Allen & Overy LLP.
5. Allen & Overy has been operating in the CEE region since 1991, when its first office opened in Warsaw. Since then, it has expanded its operations to include Prague, Budapest, Bucharest, Bratislava and Moscow, all of which are renowned in the market for top quality legal advice combined with local commercial understanding, as well as for their integrity and their pro-active approach to matters. Additionally, Allen & Overy signed an exclusive association with the leading full-service Romanian law firm Radu Tărăcilă Pădurari Retevoescu SCA (RTPR), effective from July 2008, expanding the number of CEE offices in which we are able to provide local law advice to six.

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