Filip & Company Law Firm assisted Banca Comercială Victoriabank S.A., part of the Banca Transilvania Financial Group and one of the largest banks in the Republic of Moldova, in finalizing the acquisition of the Non-Banking Credit Organization “Microinvest” SRL.
The transaction involved the acquisition of the entire shareholding of OCN “Microinvest” SRL by Victoriabank from its existing shareholders, representing a strategic step in expanding its financial services portfolio in the Republic of Moldova.
“We are pleased to have been able to contribute to the successful closing of this transaction by which Victoriabank consolidates its position on the financial services market in the Republic of Moldova through an even better coverage of an extremely important sector for the economy, that of microfinance. We are honoured to once again join the Banca Transilvania Group in implementing its regional growth plans. We thank the client’s team for their trust and excellent cooperation”, said Alina Stancu Bîrsan, partner and coordinator of M&A and Capital Markets at Filip & Company.
The Filip & Company team involved in this transaction was coordinated by Alina Stancu Bîrsan (partner) and included in key positions Rebecca Marina (counsel) and Raluca Biță (associate).
Legal advice on issues of Moldovan law was provided by Vernon | David and Associates. Osborne Clarke and Turcan Cazac provided legal advice on the sellers’ side.
The lawyers at Filip & Company have had important roles in many of the key M&A transactions in Romania. Whether they were privatisations, private equity, venture capital or growth capital transactions or other complex M&A, in most of the cases, at least one of the parties was legally assisted by Filip & Company. Furthermore, the lawyers at Filip & Company are ranked first in the most prestigious international legal directories – Chambers and Partners and Legal 500 – with their M&A practice, both as a team as well as individually.