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Deal News

bpv GRIGORESCU STEFANICA advised SMART ID DYNAMICS on the acquisition of the retail ERP business of SPECTRUM

Law firm bpv GRIGORESCU STEFANICA advised Smart ID Dynamics, a leading independent player in the local industrial automation market, backed by the investment fund SARMIS Capital, on the acquisition of the Brasov-based integrated software solutions provider Spectrum, a company with over 20 years of experience in providing software, hardware and post-implementation support solutions to its customers. The transaction was completed in May 2022.

The team was led by Catalin Grigorescu, Partner (Corporate, M&A, Technology) and Iulia Dragomir, Managing Associate (Corporate, M&A, Tax) and included Tania Hotca, Senior Associate (Corporate, M&A, Commercial), Andreea Botez, Senior Associate (Intellectual Property), Ramona Manaila, Senior Associate (Employment), Denisa Brinzei, Associate (Commercial) and Ana Maria Staicu, Associate (Corporate, M&A). The team advised comprehensively on all stages of the transaction, from due diligence to negotiations and closing.

Previously, our team advised Smart ID Dynamics and its shareholders in relation to the investment of Sarmis Capital in Smart ID Dynamics, a transaction which closed in January 2022.

Catalin Grigorescu, Managing Partner of bpv GRIGORESCU STEFANICA: “We are very grateful for the continuous trust Daniel and Smart ID place in our team. We look forward to accompanying them on the journey of accelerated growth that they have embarked on since the investment made by Sarmis Capital earlier this year.”

Daniel Boangiu, CEO and co-founder of Smart ID Dynamics: “Catalin, Iulia and their team have guided us through this important transaction with great skill, patience and grit. We value greatly their ability to adapt common transaction structures to unexpected complexities and drive the deal to a close.”

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Despre Smart ID Dynamics

Smart ID provides proprietary, customized and comprehensive process automation solutions for companies with labour-intensive environments to optimize costs and increase productivity. With a portfolio of around 3,000 customers and over 250 implemented projects, its software solutions are specifically designed for companies operating in the primary industries: retail, logistics, manufacturing, utilities and healthcare. www.smartid.ro

Despre Spectrum

Spectrum was founded in 1999 in Brasov by Mr Emil Gall and, over time, has become one of the most appreciated local providers of proprietary and integrated software solutions, with a wide coverage of the retail, manufacturing, meat industry, HoReCa and recycling sectors. The company’s most popular product is the Sceptrum enterprise resource planning (ERP) system, a patented and easily adaptable solution that addresses critical corporate needs such as inventory management, accounting and coordination between customers, sales and support teams. www.spectrumretail.ro ; www.sceptrum.ro

Despre SARMIS Capital

SARMIS Capital is an independent private equity fund established in 2019 and dedicated to investments in Central and Eastern Europe. It is the largest fund of its kind raised in Romania by a local team and is dedicated with priority to Romanian companies but also to those in the region. The fund focuses on projects alongside local entrepreneurs and seeks majority or full stakes through typical investment tickets of €10-30 million (with larger investments possible).

In addition to Smart ID Dynamics, SARMIS Capital also has Corporate Office Solution (COS), the local market leader in custom fit-out services, in its portfolio from 2021. www.sarmiscapital.com

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