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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

MPR Partners | Maravela, Popescu & Asociatii is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners | Maravela, Popescu & Asociatii covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Asociatii as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on MPR Partners | Maravela, Popescu & Asociatii can be found at www.mprpartners.com.

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