bpv GRIGORESCU STEFANICA, legal counsel in the MBO transaction involving one of the largest travel agencies in Romania19 July 2021
We are pleased to announce that the corporate team of bpv GRIGORESCU STEFANICA, led by Catalin Grigorescu (Managing Partner), advised on the management buyout (MBO) transaction involving Happy Tour, one of the most prominent Romanian corporate travel agencies. Associates Iuliana Rusu and Oana Dragomir were also part of the advising team.
Through the transaction completed at the end of June 2021, Javier Garcia del Valle, CEO and a minority shareholder of Happy Tour acquired all shares of Happy Tour. Happy Tour developed over the years under the leadership of Javier Garcia del Valle, becoming one of the largest corporate travel agencies in Romania, with subsidiaries in Bulgaria and Turkey.
“We are proud to have been involved in this significant transaction in one of the sectors most affected by the current pandemic. Javier is a leader in this industry in Romania and in the region and congratulate him on seizing the opportunity to acquire and lead Happy Tour through transformational times from which solid companies such as Happy Tour will emerge stronger” stated Catalin Grigorescu, Managing Partner of bpv GRIGORESCU STEFANICA.
The corporate team of bpv GRIGORESCU STEFANICA advises on all types of corporate transactions, corporate governance, corporate restructuring and reorganisation, mergers and de-mergers, as well as insolvency and bankruptcy.