Romania’s market for mergers & acquisitions (M&A) has remained at around EUR 1 billion in 2013, driven by deals in the banking and renewable sector, although big investors have held back and are carefully planning moves for next year, say deal makers.
By Ovidiu Posirca
Ford completes Craiova plant privatization restructuring process
Value of transaction: Over EUR 40 million
Legal team, buyer: Tuca Zbarcea & Asociatii
Legal team, seller: NNDKP
US-based car maker Ford completed the final stage of a restructuring process under its privatization contract with the Romanian Privatization Agency (AAAS) regarding the former Daewoo Automobile Craiova factory. The process involved the transfer of assets owned by Ford Romania to a new company, Active Conexe, initially owned by Ford Romania, followed by the transfer of shares from Ford Romania to AAAS.
Tata Technologies buys Cambric Corporation
Value of transaction: EUR 32.5 million
Legal team, buyer: lead legal counsel was Jones Day in Germany. bpv Grigorescu Stefanica represented the buyer in Romania.
Legal team, seller: Not made public
Tata Technologies acquired US-based Cambric Corporation, an engineering services company. Cambric has three development centers in Romania and its customers include companies active in the agricultural and automotive sectors. Ad: Bike body work – Bike fairings The deal covered the jurisdictions of the CzechRepublic, Germany, Romania, the UK and Singapore.