RTPR Allen & Overy has advised Pet Product shareholder Cristian Pop on the sale of his company to Rohatyn Group. The buyer was represented by Baker McKenzie and Tuca Zbarcea & Asociatii.
According to Tuca Zbarcea & Asociatii, "the Rohatyn Group is one of the largest emerging markets private equity asset managers globally. With presence in 18 cities, TRG deployed USD 6 billion in 140 companies since 2005, with a current value of USD 9.2 billion. Prior to founding TRG in 2002, Nicolas Rohatyn spent 19-years at J.P. Morgan, including five years as a member of J.P. Morgan’s executive management team."
Pet Product is the largest pet shop chain in Romania, with 73 shops in the country operating under the Animax brand.” Concerning the sale of his company, Pop declared: “I invested time, energy, and a lot of work in Animax to reach the point where it is today, and this new stage came naturally to allow the business to grow even more."
RTPR Allen & Overy’s team was coordinated by Managing Partner Costin Taracila, assisted by Counsel Alina Stavaru, Associate Evelin Grigore, and Junior Associates Mihnea Radu and Cezara Popescu.
The TZ&A team was led by Partner Catalin Baiculescu, working with Senior Associate Mihaela Baiculescu and Associate Iulian Maier. Managing Associate Andreea Oprișan, Associate Sergiu Negreanu, and Tax Director Ramona Chitu covered the Competition, Banking, and Tax implications of the deal.