RTPR advises African Industries Group on World Class acquisition

RTPR announces the successful closing of a new M&A transaction, the acquisition of the fitness network World Class Romania by African Industries Group from private equity fund Resource Partners. The deal was closed on 15 July, while the transaction documents were signed in April. Throughout the process, RTPR provided legal assistance to African Industries Group on all phases of the acquisition. Following the acquisition of the 41 World Class centres located all over the country, African Industries Group enters a new segment of business, health & fitness.

The RTPR team was coordinated by Costin Taracila (Managing Partner), while Marina Fecheta-Giurgica (Managing Associate) provided the day-to-day management of the project with the support of Serban Halmagean (Associate). The team further included several members for the different stages of the project, for the due diligence process: Diana DimitriuAndrei Tosa (Managing Associates), Codrina Simionescu (Associates), Flavia MincuMiruna Tocileanu and Ozana Ghic (Junior Associates). Roxana Ionescu (Partner) and Serban Halmagean advised on competition aspects of the transaction.

We would like to thank African Industries Group for putting their trust in us for the completion of this first mandate together, a large-scale project of high complexity and which was carried out at an intense pace. For our team, the joy of closing this transaction is doubled by the fact that it is the second time we facilitated the acquisition of World Class. The first time back in 2014, we assisted Resource Partners, also as a buyer at the time, and now we advised African Industries Group. Congratulations to all parties involved in this deal!”, said Marina Fecheta-Giurgica, Managing Associate at RTPR.

November 25, 2022 16:52
The American company Smithfield took over a Romania-based meat processed compa...more »
November 22, 2022 05:00
Wolf Theiss acted as legal advisor to the Romanian shareholders of Fortech SRL...more »
 
November 04, 2022 14:41
Monsson, Romania's largest developer of green energy projects, has signed an a...more »
October 19, 2022 12:58
One of the most frequent questions asked there days by renewables investors and ...more »
Govnet Next Events