Tuca Zbarcea & Asociatii has advised Interbrands on the sale of 60% of the company to Orbico, one of the largest distributors of consumer goods in Central and Eastern Europe. Deloitte Legal advised Orbico on the deal, which remains contingent on the approval of the Romanian competition council.
The transaction is part of a wider international deal, in which Orbico will take control of Interbrands’ business in several countries. Interbrands is currently controlled by Holson Holdings, registered in Cyprus.
The cost of the takeover was not disclosed, but it will reportedly add around EUR 200 million of revenue to Orbico’s annual turnover, currently reported to be about EUR 2.3 billion per year.
Orbico is the exclusive distributor in Romania for a number of mainly luxury brands, including Lacoste, Gucci, Dolce & Gabanna, Hugo Boss, Puma, Burberry, Disney, and Barbie.
The Tuca Zbarcea & Asociatii team was led by Partner Cornel Popa, working with Associate Anda-Laura Tanase.
Deloitte Legal Polish team included Partners Pawel Moskwa and Karol Kicun and Associate Diana Sofu, all working in cooperation with Reff & Associates in Romania.