Filip & Company assists the main shareholders of Promateris in selling 24% of their shares to Pavăl Holding

Filip & Company law firm assists businessman Florin Pogonaru and Tudor Georgescu, CEO of Promateris, the Romanian manufacturer of biodegradable and compostable packaging, in the sale of 24% of their shares to Pavăl Holding.

“Promateris is one of our local champions when it comes to circular economy, they are fighting climate change and they are a purely Romanian story of a group of very fine and warm-hearted people. Dedeman’s entry into the shareholding is a natural sequel to a story of exceptional growth and I am convinced it will be one of their best investments. We are glad to have been able to help and thank the customers for their trust and good collaboration – as always, it has been a great experience”, said Alexandru Bîrsan, partner at Filip & Company.

The Filip & Company team coordinated by Alexandru Bîrsan included Olga Niță (partner), Anca Bădescu (associate) and Rareș Crâșmaru (associate).

The lawyers at Filip & Company have had important roles in many of the key M&A transactions in Romania. Whether they were privatizations, private equity, venture capital or growth capital transactions or other complex M&A, in very many cases at least one of the parties was legally assisted by Filip & Company. Furthermore, the lawyers at Filip & Company are ranked first in the most prestigious international legal directories – Chambers and Partners and Legal 500 – with their M&A practice, both as a team as well as individually.