bpv Grigorescu Stefanica assisted Zitec, one of the most dynamic players on the on-demand software services market in Romania, in the transaction by which Dante International, the NASPERS-owned company operating the largest Romanian e-commerce website eMAG, has acquired a significant minority stake in Zitec.
Following the transaction, Zitec will benefit from an infusion of capital intended for financing its ambitious expansion plans that the company has consistently implemented since it set foot on the market.
The legal assistance for Zitec and its shareholders was ensured by Catalin Grigorescu, Managing Partner and Ciprian Frandes, Associate during the entire transaction through constant legal support provided both in the structuring phase of the deal, and in reviewing and negotiating the transaction documents (memorandum of understanding, shareholders and investment agreement and related documents).
“We are happy that we had the opportunity to work with Zitec, one of the most valuable and dynamic companies in the IT sector, and to support their development efforts on a highly competitive market. Their entrepreneurship and team discipline in pursuing their goals are an inspiration for us.“, stated Cătălin Grigorescu.
“bpv Grigorescu Stefanica has a highly experienced and agile team who has grasped very easily the opportunities and challenges that we have faced in taking this new step in Zitec’s evolution. I knew from the start that we have on our side the partners that we need, bringing along the necessary understanding and approach to help us get where we wanted.“, added Alexander Lăpuşan, CEO & Founding Partner Zitec.
bpv Grigorescu Stefanica advises some of the most prominent names in the technology sector such as Google, Atos, Amazon, Facebook, Hootsuite, Acton, Riverbed Technology.