bpv Grigorescu Stefanica advised the chain of dental clinics DENT ESTET and its founder, Oana Taban, in signing the agreement by which the medical market leader in Romania, MedLife, acquired a majority stake in the DENT ESTET group of companies.
The team of lawyers was led by partners Daniel Stefanica and Catalin Grigorescu and offered legal advice for DENT ESTET during the entire negotiation process between the involved parties, on all corporate, mergers and acquisitions, real estate, labour and taxation aspects of the transaction. Alina Melcescu (Senior Associate) and other members of bpv Grigorescu Stefanica were also part of the advising team.
“DENT ESTET is the market leader in dentistry in Romania and a unique organisation in terms of its business model, in a field usually populated by small practices, with only a few dental chairs. We are happy that we were part of a transaction that brings together two groups that are the top players of their markets. This is an important milestone in a long term collaboration with DENT ESTET and we are honoured that we had the opportunity to support them again this time, through our legal expertise, in their efforts of developing their business.“, explained Catalin Grigorescu.
“bpv Grigorescu Stefanica’s contribution was key in in this transaction, whose success also depended on the professionalism, flexibility and timeliness of the lawyers in this team. The legal support we received was, as always during our long collaboration, doubled by a thorough understanding of the challenges and business opportunities of the market in which our company activates, which reconfirmed that they are trustworthy partners.“, added Oana Taban, CEO and founder DENT ESTET.
The first part of 2016 saw a steady rise in the activity of the M&A department at bpv Grigorescu Stefanica, the lawyers being involved in the conclusion of relevant transactions with regional and international impact, among which: the $920 million acquisition of Key Safety Systems by the Chinese conglomerate Joyson Electronics, one of the largest automotive transactions in 2016, the deal by which the American company IT Riverbed Technology has taken over the German company Ocedo, or the EUR 8 million series B investment of Acton and CommerzVentures investment funds in the company Mambu, one of the most dynamic providers of banking software services. At this time, the team has several other ongoing M&A projects on its table in sectors like banking, construction materials, agriculture, and shipping.