Filip & Company law firm has 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 the acquisition of the nonbanking financial institution “Microinvest” SRL. The transaction involves the acquisition of the entire shareholdings of Oikocredit, Ecumenical Development Cooperative Society U.A., B.F.S.E. Holding B.V., Soros Foundation Moldova and Solidarité Internationale pour le Développement et l’Investissement SCA by Victoriabank. The closing of the transaction is subject to certain conditions precedent, including obtaining the necessary clearances from the relevant regulatory authorities.
“This acquisition marks an important step in the consolidation of Victoriabank’s position and underlines our continued interest in the development of responsible lending and the financial services market in the Republic of Moldova. It is a pleasure to work again alongside the BT and Victoriabank teams and contribute to this important stage of the project. We are delighted and grateful to stand with Banca Transilvania Group in the implementation of its growth plans both on the Romanian and Moldovan markets”, 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 in key positions Rebecca Marina (counsel) and Raluca Biță (associate).
Freshfields Bruckhaus Deringer assisted Victoriabank on English law matters and Vernon David on Moldovan law matters.
Osborne Clarke and Turcan Caza provided legal advice to the vendor team.
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.
