Romania’s biggest deals in 2016: IT&C/Online/Telecom&BPO

Newsroom 27/02/2017 | 12:27

Here are the main deals in the food and beverages sectors that were registered last year. For a forecast regarding the mergers and acquisition market in 2017, you can read this exclusive article.

IT&C

Getronics buys Managed Cloud Business from Colt

Value of transaction: N/A

Legal team buyer: N/A

Legal team seller: Baker & McKenzie London, acting for Colt, together with Tuca Zbarcea & Asociatii

Description: Getronics bought Managed Cloud Business from Colt in a deal which included the acquisition of Cloud technologies and support services across ten countries (the UK, France, Germany, Spain, the Netherlands, Belgium, Italy, India, Romania and Switzerland). Colt Managed Cloud employed staff working across operations, transition and engagement, presales, service management and support functions and has around 600 customers across multiple verticals including financial services, media and government, which will benefit from a long-term, secure and seamless provision of services.

 

ONLINE

Ringier acquires Imobiliare.ro

Value of transaction: EUR 30 million (according to media sources)

Legal team buyer: Tuca Zbarcea & Asociatii, KPMG Advisory (financial)

Legal team seller: Schoenherr

Description: Ringier, one of the leading international media groups operating in Romania, acquired a majority stake in Imobiliare.ro, the country’s largest real-estate portal. Ringier’s acquisition of the Imobiliare.ro portal includes the purchase of 87 percent of the shares in Realmedia Network from their former owners – Broadhurst Investments Limited, Kurt Götz and the executive management of Imobiliare.ro.

 

TELECOMMUNICATION & BPO

Direct One takes over Netcity Telecom

Value of transaction: EUR 30-35 million

Legal team buyer: PwC Romania and Tuca Zbarcea & Asociatii

Legal team seller: KPMG Romania and Leaua si Asociatii

Description: Romanian firm Direct One, which is specialized in the management of fiber optic networks, took over the Bucharest underground telecom infrastructure Netcity from UTI Group for an undisclosed sum. The acquisition allows Direct One to expand on the local telecom infrastructure market and will further contribute to the development of the network, which currently consists of around 1,000 km of fiber optic.

 

Visma Romania Holding sells all its shares in Visma Services

Value of transaction: N/A

Legal team buyer: White & Case

Legal team seller: Wolf Theiss Rechtsanwälte GmbH & Co KG

Description: Visma Romania Holding sold all the shares held in Visma Services Romania, as part of the carve-out and sale of Visma BPO (Business Process Outsourcing) to HgCapital. The BPO business was sold in a competitive sales process, following Visma’s strategic decision to focus increasingly on its Software as a Service (“SaaS”) offerings.

 

TMF Group buys UCMS

Value of transaction: N/A

Legal team buyer: Hogan Lovells – lead counsel (Polish and Hungarian counsel). Wolf Theiss Rechtsanwälte GmbH & Co KG assisted with the preparation of the Romanian jurisdiction related transaction documents.

Legal team seller: N/A

Description: TMF Group, which provides outsourcing services, has announced the takeover of the local subsidiary of UCMS Group, for an undisclosed sum. The buyer said the deal was made it a bid to consolidate its market position in the local outsourcing sector. UCMS Group has operations in Hungary, Poland and Romania. It has 300 employees in the CEE region and works for 550 companies in 26 countries.

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