Voicu & Asociatii has advised the founders and shareholders of Romanian Software on the sale of their company to the Belgian SD Worx group. PwC Legal Romanian affiliate D&B David si Baias advised the SD Worx group.
Romanian Software is a Romanian payroll and human capital management solutions company, operating under the Colourful HR brand.
SD Worx is a European provider of human resources and payroll solutions.
According to Voicu & Asociatii, this is a two-step takeover transaction, meaning that 80% of it will be completed after obtaining approval from the competition council and the remaining 20% will be left for 2025.
The Voicu & Asociatii team included Partners Dumitru Rusu and Simona Merdariu and Managing Associate Vlad Irimia.
The D&B David and Baias team included Partners Anda Rojanschi and Cristina Paduraru, Managing Associates Daniel Vinerean, Catalina Nacev, and Lucian Bozian, Senior Lawyers Alice Spridon, Corina Celmare, and Andreea Toncu, and Lawyers Cornelia Burlacu, Diana Bortas, Andreea Voicu, Mihaela Panfilii, and Crina Petrache.
