Filip & Company law firm has assisted Alpha Bank, one of Romania’s leading banks, in connection with the completion of the acquisition of the retail activities including the digital payments application, credit card and e-money products, customer portfolio and employees of Orange Money România, the digital financial services provider of Orange România. The acquisition documents were signed in August 2023 and regulatory approvals have since been obtained.
“This acquisition reflects Alpha Bank’s commitment to developing the ecosystem of digital solutions offered to its customers. We are delighted to have been able to assist Alpha Bank and support its efforts to create a superior digital experience. We are very grateful to our client for its trust and excellent collaboration”, said Alina Stancu Bîrsan, partner at Filip & Company.
The Filip & Company team involved in this transaction was coordinated by Alina Stancu Bîrsan (partner) and included Monica Stătescu (partner), Rebecca Marina (senior associate), Camelia Ianțuc (senior associate), Marius Gheldiu (associate) and Raluca Biță (associate). The employment aspects were handled by Cristina Tudoran (partner) and Bianca Chera (senior associate), while the competition and foreign investment aspects were handled by the team comprising Cătălin Suliman (partner) and Roxana Roșca (associate).
Orange Money was assisted in this transaction by Radu Tărăcilă Pădurari Retevoescu SCA (RTPR).
Filip & Company lawyers have played an important role in many of the most significant M&A transactions in Romania. Whether privatisations, private equity, venture capital or growth capital transactions or other complex M&A transactions, in most cases at least one of the parties was legally advised by Filip & Company. Moreover, the lawyers of Filip & Company, both as a team and individually, are ranked in the top tier of the most prestigious international legal directories – Chambers and Partners and Legal 500 – for their M&A practice.
