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Musat & Asociatii Advises Spectrum Brands on Sale of Battery and Lighting Equipment Divisions to Energizer

Musat & Asociatii Advises Spectrum Brands on Sale of Battery and Lighting Equipment Divisions to Energizer

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Musat & Asociatii has advised Spectrum Brands Holdings on the USD 2 billion sale of its battery and lighting equipment divisions to Energizer Holding.

The agreement was completed in cash in beginning January 2019.

Spectrum Brands Unit is an American consumer goods company. According to a Musat & Associatii press release, the transaction will allow the company to focus on its hardware, car maintenance, and gardening product businesses.

Energizer Holding Inc. is a global manufacturer of primary batteries and portable lighting products. Through this transaction, Energizer will expand its international business, consolidating its position in EMEA and Latin America, Musat & Asociatii reports.

The Musat & Asociatii team was coordinated by Partner Monia Dobrescu.

Editor's Note: After this article was published, CEE Legal Matters was informed that Musat & Asociatii's team also included Managing Associate Anca Vatasoiu, Senior Associates Adrian Danciu and Anca Simeria, and Associate Cristian Cepesi. Energizer Holding was advised by Wolf Theiss.

Wolf Theiss Bucharest team consisted of Partner Ileana Glodeanu, Counsel Flaviu Nanu, Senior Associate Mircea Ciocirlea, and Associates Andreea Stan and Luciana Tache. The Austrian team consisted of Partner Horst Ebhardt and Senior Associate Jiayan Zhu. The team in Bulgaria included Partner Radoslav Mikov and Senior Associate Katerina Novakova. The Budapest-based team consisted of Partner Janos Toth, Senior Associate Barnabas Buzasi, and Associate Zoltan Bodog. Partner Luka Tadic-Colic from Croatia, Counsel Katarina Bielikova from Slovakia, and Associate Neja Nastran from Slovenia were also involved in the deal.

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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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