Clifford Chance has advised Grupul Tei on the sale of a 30% stake in Farmacia Tei and Bebe Tei to Paval Holding. KPMG Legal - Toncescu si Asociatii advised Paval Holding on the deal.
Grupul Tei is a Romanian pharmaceutical retail company. KPMG Legal describes Bebe Tei as “an innovation of Farmacia Tei, operating as a separate entity since 2014. Bebe Tei's mission since its opening has been to bring parents an original concept of stores that meet the needs of the whole family.
Paval Holding is an investment vehicle controlled by Romanian entrepreneurs Dragos and Adrian Paval, founders of DIY retailer Dedeman.
Clifford Chance’s team included Partner Nadia Badea, Of Counsel Eleonora Udroiu, Senior Associates Radu Costin and Alexandra Voicu, and Lawyer Maria Ciulica.
KPMG Legal - Toncescu si Asociatii’s team included Partners Laura Toncescu and Rene Schoeb.