Radu Taracila Padurari Retevoescu has advised Meridiam on its acquisition of a shareholding stake in Netcity Telecom from E-Infra. Tuca Zbarcea & Asociatii advised the seller.
"Through this partnership, Meridiam acquired a co-controlling stake and the parties agree to accelerate the development of Netcity’s network in Bucharest," Meridiam announced. "The joining of two experts in the field of digital infrastructure will maximize the potential for the development and management of modern infrastructure, at the highest standards."
Established in 2008, Netcity operates the underground telecommunications infrastructure in Bucharest.
Meridiam is a Paris-based global investor and asset manager, specializing in developing, financing, and managing public infrastructure projects. Meridiam manages assets of more than USD 18 billion.
E-Infra is a group of Romanian companies active in the field of energy and telecommunications infrastructure. The company has almost 600 employees and an annual turnover of over EUR 120 million.
"We are excited about this innovative partnership, which is also our very first investment in Romania," Meridiam Chief Operating Officer Europe Matthieu Muzumdar commented. "This project will enable to attract investments in the global digital industry in Bucharest and ensure the development of city-based solutions to increase the quality of life in the capital city."
The RTPR team consisted of Partners Mihai Ristici, Raluca Nastase, and Victor Padurari, Counsels Roxana Ionescu and Cosmin Tilea, Senior Associate Bogdan Cordos, and Associates Codrina Simionescu, Cezara Urzica, Serban Halmagean, Petru Ursache, and Petrus Partene.
The Tuca Zbarcea & Asociatii team was led by Partner Silvana Ivan.
