In December 2025, Karanovic & Partners announced that the sale of Regina Maria Group to Mehilainen (as reported by CEE Legal Matters on April 11, 2025) has now closed.
According to Karanovic & Partners, the transaction represents one of the largest healthcare services deals in Central Europe to date, marking a significant milestone in the regional healthcare sector.
As previously reported, RTPR and Karanovic & Partners have advised MidEuropa on the sale of Regina Maria Group to Mehilainen. White & Case advised Mehilainen. Kinstellar advised Blue Sea Capital on the sell-side as well. Bojanovic & Partners advised CVC Capital Partners and Mehilainen as well. Reportedly, A&O Shearman's London office also advised MidEuropa, while Bondoc & Asociatii also advised Mehilainen.
According to RTPR, Regina Maria Group is an integrated private healthcare network in Romania, offering a range of multi-specialty outpatient and hospital services through its 300-unit network and serving over two million patients annually. The sale also includes Regina Maria’s sister company, MediGroup, a service provider in the private healthcare market in Serbia.
Mehilainen is a Finland-based healthcare and social care provider and is a CVC Capital Partners portfolio company.
Blue Sea Capital is an independent private equity firm with offices in Belgrade and Zagreb, focusing on small and medium-sized enterprises in the region.
The RTPR team included Managing Partner Costin Taracila, Partners Alina Stavaru, Roxana Ionescu, and Cosmin Tilea, Counsel Andreea Nedeloiu, Senior Associate Marina Fecheta-Giurgica, Associates Maria Luca (left the team in the interim) and Georgiana Verives, and Junior Associates David Mirea and Iulia Calin.
The Karanovic & Partners team included Senior Partners Rastko Petakovic and Milos Jakovljevic, Partners Sava Draca and Bojan Vuckovic, Associate Sanja Dedovic, and Junior Associate Anja Karadzic.
The White & Case team included Prague-based Partner Petr Panek, Local Partners Jana Chwaszcz and Magda Olysarova, and Associates Hana Matouskova, Barbora Smekalova, and Lucie Zanaskova, as well as further team members in Abu Dhabi, London, Washington DC, Luxembourg, and Brussels.
The Kinstellar team included Partner Hugh Owen and Senior Associate Bianca Kovacs.
The Bojanovic & Partners' team included Managing Partner Vladimir Bojanovic, Partners Nikola Gvoic, Ivan Strbac, and Tanja Dugonjic, and Senior Associate Alen Handan.
Editor's Note: After publishing, the article was edited to update the RTPR team composition.
Subsequently, Bondoc & Asociatii announced that it advised Mehilainen. The firm's team included Managing Partner Lucian Bondoc, Partners Monica Iancu, Bogdan Bunrau, Viorel Nicolae Dinu, Daniela Gladunea, Raluca Nadejde, Simona Petrisor, and Cosmin Stavaru. Latham & Watkins reportedly advised Mehilainen on EU merger control aspects.
