Two private postal and courier companies changed hands in a transaction amounting to several million euros as estimated by market sources. Romanian entrepreneur Octavian Radu, owner of retailer Diverta acquired Total Post and Post Master aiming to form a larger entity that would become a direct competitor to the national postal company Posta Romana.

RTPR Allen & Overy has advised South Eastern European Fund in relation to the sale of Total Soft S.A., the most important ERP producer in Central Europe. South Eastern European Fund is the private equity fund advised by Global Finance, one of the largest private equity firms in Central and Eastern Europe with a presence of more than 25 years in the region. The transaction was signed last week, the buyer is the Turkish company Logo Yazilim, which is owned by the private equity fund Mediterra Capital Partners.

Following the transaction announced on September 1, 2016, Direct One S.A. will take control of Netcity Group SA. the concessionaire of underground fiber optic network in Bucharest, following the agreement signed with UTI and UTI Investment BV 

Direct One is the operator of a national network of over 5,500 kilometers of optical fiber. Tuca Zbârcea & Asociaţii  was the law firm that assisted the buyer, namely Direct One S.A with a team  coordinated by Catalin Baiculescu, Partner  and Vlad Cercel, Partner in the firm.

Local courier firm FAN Courier, inaugurated officially heir first regional hub in Brasov following a 5 million EUR investment. According to the shareholders of the company, the main role of this hub is to handle almost a quarter of the national parcels. It is a replica of the hub in Bucharest , has 34 000 sqm and will employ approximately 300 people.