Investment fund Catalyst has acquired a 30 percent stake in the company that runs the website AvocatNet.ro, and will support the business development plans of the platform.
The value of the transaction was not made public. Negotiations lasted 6 months and AvocatNet.ro was assisted by the Ionescu Sava law firm during the acquisition process.
The first stage of the investment will be used to complete the platform www.superlege.ro, a service for processing law drafts and legal information which will be launched in July.
AvocatNet.ro has been present on the market for 12 years and registered for two months in a row 1 million unique visitors, according to SATI/BRAT data.
Catalyst Romania is managed by 3TS, the first private equity and venture capital fund partially financed by the European Investment Fund, specialized in financing SMEs. Catalyst is interested in investing in other IT or online projects on the Romanian market.