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Stratulat Albulescu and RTPR Advise on Sale of World Class Romania to AIG

Stratulat Albulescu and RTPR Advise on Sale of World Class Romania to AIG

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Stratulat Albulescu has advised Resource Partners and World Class Romania's management on the sale of World Class to the African Industries Group. Radu Taracila Padurari Retevoescu advised AIG.

Founded in 2009, Resource Partners is an independent Polish private equity investment fund. So far, the fund invested nearly EUR 300 million in the development of several medium-sized companies.

According to Stratulat Albulescu, World Class is “Romania’s leading fitness chain, having introduced the concept of modern fitness clubs as early as 2000, when they opened their first club in Bucharest. Since then, the company organically expanded its network to more than 40 health & fitness clubs throughout the country, currently having more than 65,000 members.”

Previously, Stratulat Albulescu advised World Class on opening a fitness club in Bucharest's Expo Business Park (as reported by CEE Legal Matters on December 30, 2019), as well as the acquisition of Planet Swim and Gym (as reported on December 17, 2019), both in 2019, and the acquisition of the Stay Fit Gym Oltenitei fitness club, in 2018 (as reported on October 10, 2018).

Stratulat Albulescu’s team included Managing Partner Silviu Stratulat, Partners Octav Stan, Cristian Vlaicu, Cristina Man, and Andrei Albulescu, Senior Associates Sandra Frunzulica and Daiana Assoum, and Associates Amanda Csaki and Roxana Ioncu.

RTPR’s team included Managing Partner Costin Taracila, Partner Roxana Ionescu, Managing Associates Marina Fecheta-Giurgica, Diana Dimitriu, and Andrei Tosa, Associates Serban Halmagean, Codrina Simionescu, and Petrus Partene, and Junior Associates Flavia Mincu, Miruna Tocileanu, and Ozana Ghic.

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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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