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Tuca Zbarcea & Asociatii and Clifford Chance Advise on Abris Capital Partners Acquisition of Global Technical Group

Tuca Zbarcea & Asociatii and Clifford Chance Advise on Abris Capital Partners Acquisition of Global Technical Group

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Tuca Zbarcea & Asociatii has advised Fadi Rida and Mihai Stanescu, founders of the Global Technical Group, on their sale of a majority stake in the group to private equity fund manager Abris Capital Partners. Clifford Chance Badea advised Abris Capital Partners on the deal.

Tuca Zbarcea & Asociatii describes the Global Technical Group as "an end-to-end solution provider for building management in Romania." The group consists of Global Technical Systems SRL, Global Technical System d.o.o in Serbia, GTS Global Intelligence SRL, Global Operation Center SRL, and Global Technical Controls SRL. Rida and Stanescu will remain minority shareholders in the company.

The Tuca Zbarcea & Asociatii team was led by Partner Sorin Vladescu and Managing Associate Marius Barladeanu, supported by Partner Serban Paslaru, Managing Associates Nisa Jecu, Andreea Oprisan, Raluca Sanucean, and Bogdan Halcu, and Associate Nicoleta Tudor.

The Clifford Chance team included Partner Nadia Badea, Counsel Mihai Macelaru, Senior Associate Ecaterina Burlacu, Lawyers Mihnea Niculescu, Bogdan Micu, Octavian Marcu, and Diana Crangasu.

Last year Clifford Chance advised Abris on its sale of the Urgent Cargus courier company to Mid Europa Partners (as reported by CEE Legal Matters on October 2, 2018), and the year before on its acquisition of shares in WDX S.A. (as reported on December 18, 2017).

Editor's Note: After this article was published Karanovic & Partners announced that it had worked alongside Clifford Chance in advising Abris Capital Partners on the deal. The firm's team was led by Partner Milos Jakovljevic and Partner Bojan Vuckovic advised on Serbian law aspects of the acquisition.

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.

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