RTPR Allen & Overy advises the private equity fund Enterprise Investors on the acquisition of the “Noriel” group.

RTPR Allen & Overy has advised the private equity fund Enterprise Investors on its acquisition of the “Noriel” group, the largest retailer of toys and games in Romania. The sale purchase agreement was signed yesterday and the transaction will be closed subject to approval by the Competition Council and the fulfilment of other conditions precedent.

The RTPR Allen & Overy team included Costin Taracila (Managing Partner), Adrian Cazan (Senior Associate), Roxana Ionescu (Senior Associate), Tudor Naftica (Associate), Andrei Mihul (Associate), Alexandra Costina Ivancia (Associate), Laurentiu Tisescu (Associate), Andrada Rusan (Junior Associate), Monica Marian (Junior Associate) and Andrei Lupu (Junior Associate).

Costin Taracila said: “We are happy to have advised Enterprise Investors on the acquisition of Noriel and we would like to thank them for putting their trust in RTPR Allen & Overy once again. Enterprise Investors is a client with whom we have been working for many years, and we have assisted them with several successful deals, including the last one - the exit from Smartree Romania - which closed at the beginning of this year. Private equity funds continue to be very active on the Romanian market; in just the last 12 months we have been involved in a record number of 11 private equity deals out of a total of 14 signed M&A deals.” In the recently published Chambers Global 2016, Costin Taracila is recognised by clients as a “great negotiator, he understands business very well and is very commercial. He is a deal maker.”

Adrian Cazan said: “We are very honoured that we have again assisted Enterprise Investors. We are sure that the acquisition of the Noriel Group will help this business grow, will have excellent results, and we are happy to be part of this success story.”