Filip & Company assists Banca Transilvania in the acquisition of BRD Pensions
Filip & Company team assisted Banca Transilvania Group in relation to the execution of documents for the acquisition of BRD Pensions, a Societe Generale group company that manages a mandatory private pension fund (Pillar II) and a voluntary pension fund (Pillar III). Completion of the transaction is subject to the relevant regulatory approvals.
“We are delighted to assist Banca Transilvania Financial Group in this transaction, which consolidates and expands the pension fund market and contributes to the development of a very important segment for the Romanian economy. We are grateful and thank Banca Transilvania for the trust and the opportunity to be part of this team.”, said Alina Stancu Bîrsan, partner and head of the Finance & Banking department of Filip & Company.
The Filip & Company team that assisted Banca Transilvania Financial Group in this transaction was coordinated by Alina Stancu Bîrsan (partner) and included Olga Solomon (Niță) (partner), Rebecca Marina (counsel), Raluca Biță (associate), Daria Olteanu (associate) and Valeriu Iliescu (associate) in key positions.
Filip & Company has one of the most dynamic and experienced Banking, Financial Services and M&A practices, advising on numerous M&A transactions, including in the financial services sector, and is ranked in the top tier in both areas by the prestigious Legal 500. The team includes specialists with an extensive and successful track record in both domestic and international projects.