Deal News

bpv GRIGORESCU STEFANICA assisted private equity fund BLACK SEA FUND I in the acquisition of a majority interest in D-TOYS, Romania’s largest independent manufacturer of children’s games

A team of bpv GRIGORESCU STEFANICA lawyers advised Black Sea Fund I, a Romanian private equity investment fund dedicated to accelerating the growth of small and medium enterprises, in the acquisition of a 70% shareholding interest in D-Toys, the largest Romanian manufacturer of puzzles and children’s games.

D-Toys is a major company acting in the field of manufacturing and trade of toys, with a presence of over 20 years on the Romanian market. Following the transaction, the new management of D-Toys aims to continue its international development and expand into countries such as Germany, Austria, Switzerland. The company will focus on increasing online sales and its creative and production capacity to meet the needs of the target audience in Romania and abroad. The company’s headcount is also expected to increase by 40% in the coming years.

Catalin Grigorescu, Managing Partner, led our firm’s team which included Managing Associates Cristina de Jonge and Iulia Dragomir, Associate Iuliana Rusu, as well as other associates from the firm’s corporate, M&A, commercial, employment, IP, real estate and tax practices.


Arin Ion, Partner of Black Sea Fund, commented: “We were impressed by the quality of the services offered by bpv Grigorescu Stefanica, as well as by the direct involvement of the senior partners. Bringing a structured and pragmatic approach to the table has helped us convert complex ideas and situations into pragmatic solutions. Thus, we managed to successfully close a complex transaction, in an intense period.

Catalin Grigorescu added: „We are grateful for the trust BSF placed in our team and are proud to have advised on this project. D-Toys is a very solid company in a very fortunate place, from where it can benefit greatly from the unprecedented expansion of the e-commerce sector and the adoption of multi-channel sales strategies. We look forward to witnessing D-Toy’s development over the coming years.

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