Petrovic Legal has advised Hefestos Capital on its acquisition of TMK Europe from undisclosed sellers.
TMK Europe is the majority shareholder of European pipe manufacturer TMK Artrom. Artrom is a seamless steel pipes manufacturer in southern Romania.
Hefestos Capital is an investment banking company in Southeast Europe.
The Petrovic Legal team was led by Partner Stefan Petrovic.
Editor's Note: After this article was published, Petrovic Legal announced that the seller was PAO TMK, a Russian company.
"Despite the sanctions against Russia and Russian entities, we managed to find a way to conclude the sale and purchase agreement with the Russian entity in the European Union (Germany) in a legal manner and in accordance with the directives of the European Union and fulfill the obligations from the SPA fully," Petrovic Legal reported.