Musat & Asociatii assisted Emerson in the transfer of Emerson Network Power business

Musat & Asociatii has assisted Emerson SRL, a subsidiary in Romania of Emerson Electric on the separation of the activity of Emerson Network Power toprepare it's transfer to the US investment fund Platinum Equity . The transaction was conducted globally and has a value of around 4 billion USD.

Emerson reported sales of $ 4.4 billion globally for the Network Power business during 2016.

"Musat & Asociatii team played a key role in the local aspects of the project. Our experience in planning, conducting and correlate multi-jurisdictional projects has enabled us to work in parallel complex structures and demanding separation and sale contracts with multi-discipline approach involving an impressive number of lawyers and consultants from over 40 countries" said Iulian Popescu Partner at Musat & Asociatii.

Lawyers involved in the project provided advice at all stages in the transfer of the business, as well as those relating to the completion and fulfillment of the conditions subsequent to the taking over by Platinum Equity.

The team of Musat & Asociatii was made up of 12 lawyers, including Iulian Popescu (Partner), Ana Maria Placintescu (Partner), Ileana Lucian (Partner), Andrei Ormenean (Senior Associate), George Ghitu (Associate), Alina Man (Associate) nd two tax advisers within Musat & Asociatii Tax: Răzvan Graure (Partner) and Roxana Dobrogeanu (Tax Manager).