bpv GRIGORESCU ȘTEFĂNICĂ advised private equity firm OMNIA CAPITAL on the acquisition of leading road transportation company DUMAGAS

bpv GRIGORESCU ȘTEFĂNICĂ advised the private equity investment firm Omnia Capital on acquiring the road transportation company DUMAGAS from the private equity fund Bancroft.

The transaction was signed in the first part of the year and closed this February 2023 and sees Olympic Freight, a portfolio company owned by Omnia Capital, take over the entire shareholding of the Dumagas.

Our team advised comprehensively on all stages of the transaction, including due diligence, document drafting and negotiation, signing and closing. The team was led by Cătălin Grigorescu, Partner (Corporate Transactions) and included Iuliana Salageanu, Ioana Gheorghe (both, Corporate Transactions) and other members of the team for the relevant areas of due diligence and transaction advice.

Cătălin Grigorescu, Managing Partner bpv GRIGORESCU ȘTEFĂNICĂ: This transaction was one of the least typical acquisitions we have advised on, with a very ambitious timetable, combining the complexity of a private equity transaction with the speed of a venture capital deal. We are amazed by the ingenuity and determination with which the principals of Omnia Capital, Matei Ladea and Bogdan Georgescu, have pursued this transaction and are grateful for them having trusted our firm to handle the transaction process.

Matei Ladea, Partner Omnia Capital: Dumagas represents an important step in Omnia Capital’s strategy to invest in strategic but unattractive industries, which often suffer from lack of investor appetite, not promising astronomical returns. As this is a key sector for the economy and highly fragmented, we will continue our acquisitions in the transportation sector in order to build a €100 million trans-European platform. For the dedication, professionalism and efficiency with which they handled this transaction in record time, we would like to thank our colleagues at bpv Grigorescu Stefanica, in particular Catalin Grigorescu, to whom we are linked by a string of successful transactions.

The last year’s success of our Corporate Transactions continues into 2023, which promises to be a very active year, with several running mandates currently in various stages of completion. Recently, our team advised:

▸ VERIDION (formerly Soleadify), its founder, as well as the venture capital fund LAUNCHUB Ventures and other participant in a USD 6 million late seed financing round (February 2023);

▸ enterprise software and infrastructure company INCRYS on the acquisition of IT services company USOURCE (January 2023);

▸ Innoship and its shareholders in relation to acquisition and the investment by Abris Capital portfolio company Alsendo (October 2022);

▸ Smart ID Dynamics and its shareholders in relation to the investment of SARMIS Capital in Smart ID Dynamics (January 2022) and on the acquisition of the Brasov-based integrated software solutions provider Spectrum (May 2022).

Other notable transactions include the representation of the Scandinavian private equity investor FSN Capital on the transaction involving the acquisition of Mantis Group, a leading international WMS/ logistics software and solutions vendor (February 2022).