Turunc has advised Gelecek Etki Fonu (Future Impact Fund) on its investment in Onlayer in a round that also saw the participation of Maxis, Global Trust Ventures, and individual investors. Cigdemtekin Cakirca Aranci reportedly advised Onlayer.

CMS has advised Actis on the acquisition of Dot Towers through its Connectis Tower platform, adding 50 sites to Actis’ portfolio.

MFW Fialek has advised Solidstudio and its shareholders on the sale of a portion of its shares to the bValue Fund, along with an equity investment through a share capital increase as part of a multi-stage process. Kondracki Celej advised bValue Fund.

CMS has advised Laerdal Medical on its acquisition of SIMCharacters. Frotz Riedl reportedly advised the sellers.

Moravcevic Vojnovic and Partners in cooperation with Schoenherr has advised Fifth Quarter Ventures on its investment in Nextesy. Advoro reportedly advised Nextesy.

In an eagerly awaited development, Romania has taken a step forward in fostering more clarity on essential concepts relevant for foreign direct investment (FDI) screening, by publishing draft guidelines (the "Guidelines"), anticipated to enter into force in March 2025. While the Guidelines may not bring major surprises for practitioners who have been working in the FDI trenches since the regime came into force in April 2022, the formal codification of the authority's practice is a welcome step toward greater transparency and predictability.