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BPV Grigorescu Stefanica Advises Omnia Capital on Dumagas Acquisition from Bancroft

BPV Grigorescu Stefanica Advises Omnia Capital on Dumagas Acquisition from Bancroft

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BPV Grigorescu Stefanica has advised Omnia Capital on its acquisition of Dumagas from Bancroft.

Omnia Capital is a private equity investment firm. Dumagas is a road transportation company. Bancroft is a private equity fund.

According to BPV Grigorescu Stefanica, “the transaction was signed in the first part of the year and closed this February and sees Olympic Freight, a portfolio company owned by Omnia Capital, take over the entire shareholding of Dumagas."

“Dumagas represents an important step in Omnia Capital’s strategy to invest in strategic but unattractive industries, which often suffer from a lack of investor appetite, not promising astronomical returns,” commented Omnia Capital Partner Matei Ladea. “As this is a key sector for the economy and highly fragmented, we will continue our acquisitions in the transportation sector in order to build a EUR 100 million trans-European platform.”

BPV Grigorescu Stefanica’s team included Partner Catalin Grigorescu and Associates Iuliana Salageanu and Ioana Gheorghe.

BPV Grigorescu Stefanica did not respond to our inquiry on the matter.

Editor’s Note: After this article was published, KPMG Legal – Toncescu si Asociatii announced it had advised Bancroft Private Equity on the deal. The firm’s team included Partner Laura Toncescu, Senior Managing Associate Dragos Iamandoiu, Managing Associate Sandra Frunzulica, and Senior Associates Andreea Livita and Adina Popescu.

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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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