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Popovici Nițu Stoica & Asociații

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Senior Partner: Ernest-Virgil Popovici
Managing Partner:
Florian Nitu
Deputy Managing Partner: Bogdan C. Stoica
Number of partners: 15
Number of lawyers: 80
Languages: English, French, Italian, Romanian

Firm Overview:
Popovici Nitu Stoica & Asociatii is a leading Romanian independent law firm. Established in 1995, as one of the first incorporated partnerships, the firm brings together strong local resources, with exceptional credentials, outstanding records and distinguished careers in law, business and academia. The Bucharest office today groups 80 qualified lawyers and tax advisors. Focusing traditionally on the private sector and on foreign investment projects, Popovici Nitu Stoica & Asociatii is acknowledged by the vast majority of observers and peers as ‘the transactional law firm’ among the market leaders. The firm has constantly been involved in the majority of the M&A transactions in Romania from various industries such as energy, healthcare, retail, IT, financial services, telecoms and real estate.

Main Areas of Practice:

Mergers & Acquisitions/Privatisation:
4 partners, 24 fee earners based in Romania
M&A expertise is central to the firm’s practice. It brings together and integrates the expertise of other acknowledged practice groups within the firm, such as capital markets, tax, competition and antitrust and litigation.
The firm has constantly been involved in the majority of the M&A transactions in Romania in various industries such as energy, healthcare, retail, information technology, telecoms and real estate.
Popovici Nitu Stoica & Asociatii is involved in some of the largest transactions of each year, an aspect also usually acknowledged by the Romanian Financial Newspaper (Ziarul Financiar) through its yearly awards: largest transactions in Retail in 2015, largest transactions in IT and FMCG in 2014; largest IT&C transaction in 2013, largest AGRO/FMCG transaction in 2013, largest AGRO/FMCG transaction in 2011, largest transaction in the financial industry in 2011, largest IT&C transaction in 2010, largest transaction in healthcare in 2009 and largest transaction in energy in 2009.
■ Dedeman, the only 100 percent Romanian-owned firm with a turnover above €1 billion, on the acquisition of The Bridge, a new landmark office project in Bucharest, from Forte Partners
■ Medicover on the acquisition of Phoenix Medical Center, Academica Medical Centers and Pelican Hospital
■ Oresa Ventures on the sale of Fabryo to AkzoNobel
■ Farmexim and Help Net on the sale of one of the largest pharmacy chains and pharmaceutical wholesalers to Phoenix
■ Dedeman on the acquisition of Cemacon and Cemacon Real Estate
■ Ameropa on the acquisition of 40% of the shares of agribusiness companies Promat Comimpex and Agroind Cauaceu
■ Xella on the acquisition of Macon Group
■ Voestalpine on the acquisition of the Romanian coating business from Barum Technik ■ Auchan on the acquisition of OK Supermarket network
■ Ameropa on the acquisition of Sărulești agricultural base
Key Clients: Adeo Group, Akzo Nobel, Ameropa, Auchan, Dedeman, Dnata Group/Emirates, Orange, Immofinanz, Medicover, Oresa Ventures, Property Fund, Rabo Bank Group, SIVECO Romania, The voestalpine Group, Xella
Contacts: Florian Nitu, Bogdan C. Stoica, Vlad Neacsu, Silviu Stoica
Email: [email protected], [email protected], vlad. [email protected], si[email protected]

Banking & Finance:
2 partners, 4 fee earners based in Romania
■ VIA SMS Group on its entry in Romania pursuant to the acquisition of Netcredit IFN SA
■ Unirii View on the €23 million financings granted by Raiffeisen Bank for the development of an office building
■ CLN Group on various amendments to the €200m financing granted by a syndicate led by BPN Paribas S.A., Milan Branch, as agent
■ Hidroconstructia on US$ 23 million syndicated credit agreement concluded with BRD Société Générale and Exim Bank for the implementation of a USD 115.5 million contract in Jordan
■ RTC Proffice (a company owned by Oresa Ventures) on two financing granted by BRD Societe Generale for refinancing seven financing granted by ING, Banca Romaneasca and Patria Bank, for working capital needs and bank letters of guarantee
■ The Governor and Company of the Bank of Ireland on the accession of the Romanian subsidiaries of the Irish group Origin Enterprises Public Limited Company to the €400m financing granted to the group
■ Two Romanian subsidiaries of Immofinanz on the €71m financing granted by Raffeisen Bank International AG for financing and refinancing the development of various office buildings in Bucharest
Key Clients: Dnata Group/Emirates, Ameropa, BLOM Bank, Deutsche Leasing, KBC Bank, KIWI Finance, Oresa Ventures, VIA SMS Group
Contact: Alexandru Ambrozie
Email: [email protected]

Competition & Antitrust:
2 Partners, 5 fee earners based in Romania
■ Dedeman on the successful clearance by the Competition Council of the acquisition of Cemacon and Cemacon Real Estate
■ A financial leasing company in the Competition Council investigation on the market of financial leasing and of the consumer credit from Romania
■ An operational leasing company in the Competition Council investigation on the market of operational leasing
■ Olanesti Riviera in the Competition Council investigation in relation to an alleged abuse of dominant position. The investigation was closed with no fines applied to Olanesti
■ Xella on the successful clearance by the Competition Council of the acquisition of Macon Group
■ A retail company in the Competition Council investigation in relation to the activity of the company in the Bucharest Airport
Key Clients: Adeo Group, Albalact, Ameropa, Auchan, Dnata Group/Emirates, Farmexim, Hewlett-Packard, Linde Gas, Oresa Ventures, Property Fund, Robert Bosch, SIVECO Romania
Contacts: Silviu Stoica, Mihaela Ion
Email: [email protected], [email protected]

Real Estate:
5 partners, 13 fee earners based in Romania
■ Dedeman on the acquisition of The Bridge
■ Immochan on the development of Coresi Business Park Brasov
■ Immofinanz on the sale of Jandarmeriei Office and Jandarmeriei Residential projects to Speedwell
■ Auchan and One United on their development of One Floreasca City on the former Ford historical plant
■ WESTCHESTER on the development, investment in and operation of its Romanian agriculture portfolio, following the takeover of the management of Rabo Farm portfolio in Romania
Contacts: Florian Nițu, Valentin Creața, Ioana Șampek, Bogdan. C Stoica, Cristian Popescu
Email: [email protected], [email protected], ioana. [email protected], [email protected], [email protected] pnsa.ro

Intellectual Property:
1 partner, 3 fee earners based in Romania
■ WTA world number 1 tennis player Simona Halep on the negotiation of contracts with sponsors, TVs, equipment producers and, generally, on all her IP related matters
Contact: Cristian Popescu
Email: [email protected]

Restructuring & Insolvency:
2 partners, 6 fee earners based in Romania
■ KBC Bank within the bankruptcy proceedings against several Romanian borrowers aiming at recovering loans amounting to EUR 70 million
��� Property Fund within the insolvency proceedings of Hidroelectrica (the largest hydro energy producer in Romania), Forsev and Grup 4 Instalatii
■ Property Fund within the insolvency proceedings of World Trade Center for a receivable of USD 65 million
■ Several Bozlu Group companies within the insolvency proceedings of Onco Card Invest and Onco Card, owner and operator of a private oncology diagnosis and treatment facility
Key Clients: Auchan, BLOM Bank, Deutsche Leasing, Erste Group, Immofinanz AG, KBC Bank, Property Fund, ProSiebenSat.1 Media SE, Volksbank AG
Contacts: Ciprian Dontu, Ilinca Stefanescu
Email: [email protected], [email protected]

Articles, Highlights and Press Releases

Total 15 Articles, Highlights and Press Releases

Criminal liability of corporations – Global vs Romanian approach

Alexandru Ambrozie, Diana Dobra

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PNSA advised Ameropa Group on a €324 million syndicated financing

Alexandru Ambrozie, Codrin Luta, Teodora Cazan

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Oresa sales Somaco to LafargeHolcim

Silviu Stoica, Vlad Ambrozie, Ruxandra Petcu

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