16
Mon, Dec
85 New Articles

Bondoc & Asociatii and Wolf Theiss Advise on Sale of Prominent Romanian Winery

Bondoc & Asociatii and Wolf Theiss Advise on Sale of Prominent Romanian Winery

Romania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Bondoc & Asociatii has advised Sarica Niculitel on the acquisition of the Zoresti winery from Domaine Vinarte, which was supported by Wolf Theiss.

The transaction value was approximately EUR 1.5 million.

Sarica Niculitel is a Romanian wine producer headquartered in Bucharest. It was established in 1958, producing wines from the Dobrogea region, which is located at the Danube delta and the Black Sea in the southeast of Romania. 

Zoresti winery is located in Dealu Mare, a well-established Romanian wine region in the Southern Subcarpathian hills. 

According to Bondoc & Asociatii, the transaction included the Prince Matei wine brand, which is "one of the most renowned Romanian wines," as well as 90 hectares of premium vineyard and all related production assets, trademarks, and personnel.

Bondoc & Asociatii Partner Cosmin Stavaru, who coordinated the firm’s team on the deal, commented: “This transaction gives a positive sign that the wine industry in Romania is not only growing, but also maturing. It is the second major transaction in the wine industry after the takeover of Halewood winery by Alexandrion group last year and, while it is too soon to talk about a consolidation trend, we would expect to see other similar transactions in the near future.” 

Wolf Theiss' team consisted of Partner Bryan Jardine, Counsel Flaviu Nanu, and Associate Alexandru Roman.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

Our Latest Issue