22
Mon, Apr
53 New Articles

Closing: Resource Partners and World Class Romania's Sale of World Class to the African Industries Group Now Closed

Closing: Resource Partners and World Class Romania's Sale of World Class to the African Industries Group Now Closed

Romania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

On July 18, 2022, Radu Taracila Padurari Retevoescu announced that Resource Partners and World Class Romania's sale of World Class to the African Industries Group (reported by CEE Legal Matters on April 27, 2022) has now closed.

According to RTPR, "the deal was closed on July 15, while the transaction documents were signed in April. Following the acquisition of the 41 World Class centers located all over the country, African Industries Group enters a new segment of business, health, and fitness."

As previously reported, Stratulat Albulescu advised Resource Partners and World Class Romania's management on the sale of World Class to the African Industries Group, with RTPR advising AIG.

The RTPR's updated team was led by Managing Partner Costin Taracila and included Managing Associates Marina Fecheta-Giurgica, Diana Dimitriu, Andrei Tosa, Associates Codrina Simionescu and Serban Halmagean, and Junior Associates Flavia Mincu, Miruna Tocileanu, and Ozana Ghic.

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.

Romanian Knowledge Partner

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). 

Firm's website.

Our Latest Issue