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ONV LAW Collaborates with Interlaw Partner Firms in Austria, Greece and Hungary on Major Ukrainian Acquisition
Interlaw’s partner firm in Romania, ONV LAW, has advised Ukrainian company, Biosphere Corporation, one of the largest producers and distributors of household and hygiene goods in Eastern Europe and Central Asia, on its acquisition of the Alufix factory in Brasov, Romania.
Alufix was owned by an Austrian holding company and had subsidiaries in Greece and Hungary. ONV LAW was able to advise Biosphere on the international aspects of the deal by collaborating with fellow Interlaw partner firms Binder Grösswang in Austria, Rokas Law Firm in Greece and Lakatos, Köves and Partners in Hungary, who assisted on the relevant local jurisdictional elements of the transaction.
Mihai Voicu, partner at ONV LAW, said: “Through the Interlaw network, we were able to coordinate and successfully complete this international transaction. We performed the due diligence report, drew up the transaction documents, participated in the negotiations and coordinated the legal activity of our Interlaw partner firms, who provided support in the jurisdictions of all the acquired subsidiaries. It is an important investment on the M&A market in Romania, which is gradually becoming an important regional hub in Eastern Europe.”
Mihai Voicu was assisted in the deal by partner, Lorena Ciobanu and associates, Bogdan Carpăn and Ana Petrescu.