RTPR has assisted Aegon in relation to the sale of its operations in Romania to Vienna Insurance Group (VIG), as part of a regional deal with a total value of 830 million Euro. The transaction included Hungary, Poland, Romania and Turkey and involved insurance, pension and asset management business.

The deal was coordinated by Allen & Overy Amsterdam, the project team being led by Katinka Middelkoop (Partner) and further included lawyers in A&O offices in Hungary, Poland and Turkey. The RTPR team included Mihai Ristici (Partner), Vlad Stamatescu (Managing Associate) and Marina Fecheta-Giurgica (Associate).

Since the end of October RTPR team has announced the signing of 8 M&A deals, a record for the Romanian market, especially in such a year when M&A deals have seen a significant decrease globally in the Covid-19 context.

Selected M&A transactions in which RTPR have recently advised are set out below:

• Macquarie Infrastructure and Real Assets (MIRA) on the acquisition of a portfolio of power assets owned by CEZ Group in Romania, the largest deal in Romania in the last 12 years
• the shareholders of Te-Rox Prod, a Romanian company and a leading European producer of covers and harness systems for child safety seats on the sale of the business to the Swedish group Holmbergs
• Mitiska REIM, through its local vehicle, on the sale of a single real estate property in Romania
• Innova Capital on the acquisition of PayPoint Services SRL and Payzone SA from PayPoint group
• the shareholders of Sano Vita, one of the most reputable and trusted food brands in Romania, on the sale of the business to the American private equity fund Highlander Partners