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D&B David si Baias Advises Broadhurst on Sale of Vel Pitar to Bimbo

D&B David si Baias Advises Broadhurst on Sale of Vel Pitar to Bimbo

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PwC Legal Romanian affiliate D&B David si Baias has advised US-based investment fund Broadhurst on the sale of Romanian bakery group Vel Pitar to Mexico's Grupo Bimbo.

Broadhurst is an American investment fund managed by New Century Holdings (NCH Capital). NCH is a US-based investment group focusing on CEE agribusiness investments. It was set up in 1993.

Vel Pitar is a group active in the bakery and cereals sector in Romania, supplying goods to over 7,000 stores.

Bimbo is a Mexican international bakery group with almost 140,000 employees and USD 17.1 billion in revenue in 2021. 

The D&B David si Baias team was led by Partner Sorin David.

Editor's Note: After this article was published, Nestor Nestor Diculescu Kingston Petersen announced it had advised Grupo Bimbo on the deal. The firm's team included Senior Partner Adriana Gaspar, Partners Corina Dumitru, Ioana Niculeasa, Roxana Ionescu, Roxana Abrasu, and Anca Diaconu, Managing Associate George Trandafir, and Senior Associate Claudia Lazar.

Subsequently, Reff & Associates announced it had advised Grupo Bimbo as well. The firm's team included Partner Florentina Munteanu, Senior Managing Associate Gabriela Ilie, and Senior Associate Irina Picos.

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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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