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Kinstellar and Schoenherr Advise on Integral Capital Group's Acquisition of Calla Clinic

Romania
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Kinstellar has advised Integral Capital Group on the acquisition of a majority stake in Calla Clinic, via Integral’s portfolio company Embryos. Schoenherr advised the sellers.

Calla Clinic is an in vitro fertilisation clinic based in Oradea, Romania.

According to Kinstellar, the transaction forms part of Embryos’ regional expansion plan in the fertility services sector. In 2025, the group opened a satellite clinic in Buzau and completed the acquisition of Adella Clinic in Sofia, Bulgaria. Integral Capital Group acquired a majority stake in Embryos in February 2025. Embryos is now among the largest IVF networks in Romania, with a focus on high-quality reproductive healthcare. 

The Kinstellar team included Partners Zsuzsa Csiki and Luiza Bedros, Managing Associate Andrada Popescu, Senior Associate Florin Cojocaru, and Associates Teodor Lupu and Marc Barabas.

The Schoenherr team included Partner Madalina Neagu, Senior Attorney at Law Alina Cristea, and Attorneys at Law Mihaela Popescu and Stefan Popa.

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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