Filip & Company law firm has provided legal assistance to Banca Transilvania Financial Group in closing the acquisition of BRD Societate de Administrare a Fondurilor de Pensii Private S.A. (BRD SAFPP), which manages the privately managed pension fund “Pilonul II”. The Financial Supervisory Authority (ASF) issued the necessary opinion to finalize the transaction in November. This marks BT’s entry into “Pilon II” privately managed pension funds market.

“We are glad to have supported the Banca Transilvania Group in this strategic transaction that contributes to the maturity of the private pension market and to the strengthening of the local long-term savings management infrastructure. It is a project with systemic stakes, involving careful analysis of the regulatory framework and multidisciplinary coordination. We thank the client for the excellent cooperation and the trust placed in our team”, said Alina Stancu Bîrsan, partner and head of Corporate and M&A at Filip & Company.

The Filip & Company Team that assisted Banca Transilvania Group in closing the transaction was coordinated by Alina Stancu Bîrsan (partner) and included in key roles Olga Niță (partner), Rebecca Marina (counsel), Roxana Diaconu (senior associate), Raluca Biță (associate) and Sebastian Dragomir (associate). Competition law and compliance issues were handled by Roxana Roșca (senior associate) and Sergiu Păun (associate).