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Clifford Chance and KPMG Legal Advise on Grupul Tei's Minority Stake Sale to Paval Holding

Clifford Chance and KPMG Legal Advise on Grupul Tei's Minority Stake Sale to Paval Holding

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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.

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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). 

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