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Musat & Asociatii Advises Adesgo on Sale of Business to Tefron Europe

Musat & Asociatii Advises Adesgo on Sale of Business to Tefron Europe

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Musat & Asociatii has advised Adesgo on the sale of its seamless apparel manufacturing, marketing, and distribution business to Tefron Europe.

Closing is expected in mid-2023, pending regulatory approval.

Adesgo is a Romanian producer of seamless undergarments. Israeli group company Tefron Europe develops and manufactures seamless products.

The Musat & Asociatii team was led by Partner Monia Dobrescu and Managing Associate Madalina Trifan and included Managing Associates Alina Man and Simona Anton and Senior Associate Cristian Cepesi.

Musat & Asociatii did not reply to our inquiry on the matter.

Editor's Note: After this article was published, Firon Bar-Nir announced it had advised Tefron on the acquisition of Adesgo's seamless apparel operation. The firm's team included Bucharest-based Senior Managing Partner Ron Bar-Nir, Managing Partner Alina Moldovan, Partner Diana Schiopu, Managing Associate Sabrina Necula, and Associate Livia Draghici, and Tel-Aviv-based Firon Partner Itzchak Blau, who also serves as the Legal Counsel for the Tefron Group.

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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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