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Tuca Zbarcea & Asociatii and Deloitte Legal Advise on Orbico Acquisition of Majority Stake in Interbrands

Tuca Zbarcea & Asociatii and Deloitte Legal Advise on Orbico Acquisition of Majority Stake in Interbrands

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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.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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