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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: 16
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:
3 partners, 24 fee earners based in Romania
M&A expertise is central to firm’s practice. It brings together and integrates the expertise of other acknowledged practice groups within the firm, such as capital markets, tax, competition & antitrust and litigation. 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 transaction in Real Estate in 2018, largest transaction in the Building Materials sector in 2018, largest transaction in Real Estate in 2016, 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.
■Somaco Group (a company owned by investment fund Oresa) on: (i) the merger by acquisition of the three subsidiaries of Somaco Group; and (ii) the sale of the resulting company to LafargeHolcim
■Dedeman, the biggest entrepreneurial company in Romania with a turnover above €1 billion, on an investment program of up to EUR 400 million, including on the following: (i) the acquisition of the shares in the three companies owning together The Office, a three Class A buildings project in Cluj-Napoca, with approximately 60,000 sqm of Class A leasable area, from NEPI Rockcastle and Mr. Ovidiu Șandor. (ii) the joint venture with Element Invest in the new top logistic project Eli Park 1, consisting of 3 buildings with a total 45k sqm GLA; (iii) the setting up of a private equity fund focused on supporting SMEs, i.e. Equiliant Capital
■RTC Proffice Experience, a subsidiary of the investment fund Oresa on the acquisition of the cleaning and hygiene products distribution of Paper Plus SRL
■Plantextrakt and Plantmed, two companies engaged in the pharmaceutical industry, on their sale to German company MB Beteiligungs
■Certinvest, largest Romanian asset management company, on the sale of its pension funds to Banca Transilvania/ BT Asset Management
■Optical Network, the leading retailer and an important distributor on the Romanian optical market, on its sale to private equity fund Innova Capital
Key Clients: Akzo Nobel, Ameropa, Auchan, Continental Automotive GmbH, Certinvest, DB Schenker, Dedeman, Dnata Group/Emirates, Orange, Immofinanz, Medicover, Optical Network, Oresa, Philips, Property Fund, Rabo Bank Group, The voestalpine Group, Xella
Contacts: Florian Nitu / Bogdan C. Stoica / Silviu Stoica
Email: [email protected], [email protected], [email protected]

Banking & Finance:
2 partners, 4 fee earners based in Romania
■RI-GD Investments DAC, an affiliate of Rabobank, on a €30 million financing granted to Origin Enterprises
■Ameropa on the €324 million financing for refinancing existing bilateral facilities and supporting new working capital needs of its Romanian entities
■Dedeman on four financings amounting to approximately €44.3 million for the development of the Bridge 3 office building and Eli Park
■CLN Group on three financings amounting to €134 million granted by IFC
Key Clients: Ameropa, BLOM Bank, BRD Société Générale, Deutsche Leasing, Dnata Group/Emirates, IBM, KBC Bank, mBank, Oresa, RI-GD Investments DAC, Vialet, VIA SMS Group, Yandex
Contact: Alexandru Ambrozie
Email: [email protected]

Competition & Antitrust:
1 partners, 5 fee earners based in Romania
■Auchan in merger control proceedings before the Competition Council related to My Auchan proximity stores operating in Petrom gas stations
■Orange in relation to the network sharing agreement concluded with another telecom company
■Albalact in three investigations and a preliminary examination conducted by the Competition Council
■Dedeman in several merger control proceedings before the Competition Council related to the acquisition of several companies active on the office, retail and logistic rental markets
■Several leasing companies in the Competition Council investigation on the financial and operational leasing services market and on the consumer credit market
Key Clients: Akzo Nobel, Albalact, Ameropa, Auchan, Dedeman, Dnata Group/Emirates, Farmexim, Hewlett-Packard, Medicover, Medtronic, Linde Gas, Orange, Oresa, Property Fund, Robert Bosch, SIVECO Romania
Contacts: Mihaela Ion
Email: [email protected]

Real Estate:
6 partners, 13 fee earners based in Romania
■Dedeman on: (i) the acquisition of The Office; (ii) the acquisition of The Bridge; and (iii) the joint venture with Element Invest for the development of Eli Park 1
■Lactalis, retained PNSA to advise on the acquisition of a class A office building in the centre of Bucharest for the relocation of its local subsidiaries
■River Development on the development of Sema Parc and The Light
■Crisware and Hexagon Developments on the development of Advancity Business Center, Vivido Business Center and CUBE in Cluj
■P3 Logistic Parks on the acquisition of Craiova Logistics
■Cross City on the development of Estoria City
Key Clients: AAuchan Group (Auchan Romania, Immochan, Leroy Merlin), Cross City, Dedeman, DSV Solutions, Immofinanz Group, Ipso, Knight Frank, Lactalis, P3 Logistic Parks, River Development, Uniqa Real Estate, WDP
Contacts: Florian Nițu / Valentin Creața / Ioana Șampek / Bogdan. C Stoica / Cristian Popescu / Irina Ivanciu
Email: [email protected], [email protected], [email protected], [email protected], [email protected], [email protected]

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
■Xella in the rebranding process of local Macon Group companies, which were acquired by Xella in a transaction amounting to several tens of millions of euros
Contact: Cristian Popescu
Email: [email protected]

Energy & Natural Resources:
1 partner, 4 fee earners based in Romania
■Several subsidiaries of Enel on the annulment of various orders issued by the Romanian Energy Regulatory Authority that sets the regulated rate of return applied for the approval of the tariffs for the electricity distribution service provided by the concessionaire distribution operators
■Property Fund, as significant shareholder in Hidroelectrica, on the annulment of various orders regarding regulated energy prices and quantities for electricity sold by producers on the basis of regulated contracts, issued by the Romanian Energy Regulatory Authority
■Several subsidiaries of Enel on the annulment of the order issued by the Romanian Energy Regulatory Authority approving the Methodology of setting of the tariffs for the electricity distribution services
■Property Fund, as significant shareholder in Engie Romania SA, on the annulment of the agreements concluded between companies of Engie group with regard to the natural gases to be extracted from the Black Sea
Key Clients: Enel, Property Fund
Contacts: Ciprian Dontu
Email: [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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