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Closing: Adesgo’s Sale of Business to Tefron Europe Now Closed

Closing: Adesgo’s Sale of Business to Tefron Europe Now Closed

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On August 3, 2023, Musat & Asociatii and Firon Bar-Nir both announced that the sale of Adesgo’s seamless apparel business to Tefron Europe (reported by CEE Legal Matters on April 18, 2023) had closed.

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

As previously reported, Musat & Asociatii advised Adesgo on the sale of its seamless apparel business, while Firon Bar-Nir advised Tefron on the acquisition.

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

The Firon Bar-Nir team included Senior Managing Partner Ron Bar-Nir, Managing Partner Alina Moldovan, Partners Itzik Blau and Diana Schiopu, Managing Associate Sabrina Necula, and Associate Livia Draghici.

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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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