BPV Grigorescu Stefanica has advised Zitec on the acquisition of a significant minority stake in the company by Dante International, the Naspers-owned company operating the largest Romanian e-commerce website.
Following the transaction, Zitec will benefit from an infusion of capital intended for financing its expansion plans.
The bpv Grigorescu Stefanica team was led by Managing Partner Catalin Grigorescu and Associate Ciprian Frandes. "We are happy that we had the opportunity to work with Zitec, one of the most valuable and dynamic companies in the IT sector, and to support their development efforts on a highly competitive market." said Grigorescu. "Their entrepreneurship and team discipline in pursuing their goals are an inspiration for us."