Popovici Nitu Stoica & Associates has advised Certinvest on the sale of Certinvest Pensii, which manages over RON 75 million in an optional pension fund that has over 9,500 participants, to Banca Transilvania subsidiaries BT Asset Management SAI and BT Investments. Peli Partners reportedly advised Banca Transilvania on the deal.
Closing remains contingent on the approval of Romania's Financial Supervisory Authority.
BT Asset Management SAI is a member of the Banca Transilvania Financial Group specialized in investment management through open and closed funds. The transaction was assisted by BT Capital Partners, the investment banking and capital markets division of Banca Transilvania Financial Group.
The PNSA team consisted of Deputy Managing Partner Bogdan Stoica and Senior Associate Dragos Iamandoiu.
The Peli Partners team was led by Partner Carmen Peli, working Senior Associate Mirabela Maria.