RTPR Allen & Overy has advised the private equity fund Enterprise Investors in relation to the sale of Profi, the supermarket chain, to Mid Europa Partners, in the largest deal ever completed by a private equity fund in Romania and the largest deal in the retail sector in the country's history. The transaction is subject to approval by the Competition Counsel.

The RTPR Allen & Overy team that advised Enterprise Investors in relation to this matter was led by Costin Taracila (Managing Partner), assisted by Roxana Ionescu (Counsel), Alina Stavaru (Counsel), Andrei Mihul (Associate) and Laurentiu Tisescu (Associate) as well as a numerous team of lawyers who assisted on the due diligence process and transaction documents. From London, global co-head of private equity, Stephen Lloyd advised.

Sebastian Krol, the Enterprise Investors partner responsible for this investment said: "I truly appreciate Costin's and his team support, contribution and hard work. (...) This is the most successful transaction in the retail sector in Enterprise Investors' history, and we are proud to have been a part of Profi's success story."

Costin Taracila commented: "Firstly I would like to congratulate Enterprise Investors' team for signing a transaction of such dimensions and to thank them for putting their trust in our team one more time. We are honoured and proud to have contributed to the successful realisation of this deal. This is the third transaction in which we assisted Enterprise Investors this year, after the acquisition of Noriel and the sale of Smartree."

RTPR Allen & Overy was also involved in the acquisition of Profi by Enterprise Investors, on the seller's side at the time.

The relationship with Enterprise Investors is a longstanding one and RTPR Allen & Overy lawyers have assisted them in relation to several transactions in Romania, the most recent ones have been concluded this year such as the acquisition of Noriel group, the largest toys and games retailer in Romania and the sale of Smartree Romania, an important player providing outsourcing payroll and personnel administration process services, as well as older deals such as the exit from Siveco Romania, the acquisition of Macon and Simcor or the acquisition and subsequent sale of Artima.