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.