Delia Simona Pachiu heads the Real Estate Practice Group. She is a lawyer qualified in Romanian law and has over 14 years of experience in M&A, financing and real estate transactions. Prior to joining White & Case in 2007, she headed the Romanian energy and real estate teams of a Magic Circle law firm, based out of its Bucharest office.

Since opening the White & Case Bucharest office in January 2008, Delia has had the lead role on important real estate matters, advising major French, Spanish and Austrian real estate companies. Delia also advised a major international bank on a € 70 million real estate refinancing.

Delia’s experience in terms of real estate includes advice to leading developers and real estate funds on their investments in Romania. Relevant real estate transactions include:

• Fadesa Immobiliaria on real estate investments in Romania (Stefanesti project)
• Global Emerging Property Fund on real estate acquisitions in Bucharest and the outskirts (projects: Floreasca Gardens, American School, EP Development, Promark)
• Calsonic Kansei, a Japanese car parts producer, on a land acquisition and setting up an automotive car components plant in an industrial park
• Goldman Sachs International and Ballymore Properties Ltd. on real estate investments in Romania
• First American Title on title due diligence matters (projects: Sibiu Park, Privighetorilor, Rebreanu, Red Sea)
• Irish developer on a land acquisition and the development of two office buildings in Bucharest (projects: Northgate, C Invest)
• Gran Via 2006 for real estate investments in Romania (projects: Varianta, Tricodava, Electrotehnica, Frigocom)
• Dawnay Day Europe Limited on retail real estate investments in Romania (projects: Somesul, Arad, Oradea, Baia Mare, Satu Mare)
• Tri Investments Limited on residential real estate investments in Bucharest (projects: Eminescu, Perla)
• Jantzen Development, s.r.o. on the acquisition of real estate in Romania (projects: Alexandria, Constanta)
• Heitman Private Equity – Europe on the acquisition of real estate in Romania
• Macquarie Goodman (Eurinpro) on real estate projects in Romania
• Creative Imobiliare on real estate development projects and drafting/negotiating lease agreements for an office building
• ACI Worldwide (EMEA) Limited on drafting and negotiating lease agreements (Iasi, Timisoara)
• Carpathian Properties on the acquisition of a shopping mall in Brasov
• BMG Barberino SRL on a real estate investment in Bucharest 
• UK private investors on the acquisition of real estate in Romania (Buftea).

In addition, Delia has extensive experience in M&A and privatisations, particularly in the telecoms and energy sectors, corporate financing, as well as corporate commercial transactions, drafting and negotiating complex documentation, due diligence, tenders, and legislation. She had a lead advisory role in the privatisation process of main players on public utility supply markets in Romania, Serbia and Bulgaria. Specific deals include:

• Advised the Government of Romania on the € 303 million and € 311 million acquisition of 51% of the capital stock of Romania’s national gas suppliers (Distrigaz Nord SA and Distrigaz Sud SA) by E.ON Ruhrgas and Gas de France, respectively
• Advised RWE Energy AG and CEZ a.s. in connection with the privatisation of Romanian electrical power suppliers Electrica Muntenia Sud SA and Electrica Oltenia SA, respectively
• Advised RWE Power AG on the development of units 3 & 4 of the Cernavoda Nuclear Facility
• Advised the Privatisation Agency of the Republic of Bulgaria on the sale of the coal fired power plant TPP Varna EAD
• Advised Public Power Corporation SA (Greece) on the privatisation of 3 groups of electricity distribution companies in Bulgaria (Western Bulgarian EDCs, South-Eastern Bulgarian EDCs and Eastern Bulgarian EDCs)
• Advised STET International and OTE International Investments on the first and second phase privatisation, respectively, of Romtelecom SA
• Advised Vodafone plc. on the acquisition of the leading mobile telecom operator MobiFon SA in Romania
• Advised a major multinational and a regional institutional investor on pre-privatisation loan facility for the Romanian oil & gas company SNP Petrom SA (USD 140 million and USD 10 million, respectively)
• Advised the Government of Serbia on the proposed privatisation of the oil and gas company Naftna Industrija Srbije
• Advised ING Bank NV on the proposed restructuring and privatisation of the Romanian state-owned savings bank CEC
• Advised ING Bank NV / Schroder Salomon Smith Barney on two series of four Eurobond issue for the state of Romania
• Advised ING Securities on an attempt to merge and privatise the aluminium producer Alro SA and Alprom SA
• Advised International Finance Corporation on an attempt to sell the Romanian State Ownership Fund’s stake in Barlad SA
• Advised British American Tobacco on the privatisation of Romanian tobacco factory National Company Tutunul Romanesc
• Advised Smithfield Foods Inc. on the purchase due diligence and sale purchase agreements for the privatisation of Comtin SA
• Advised Standard Bank of London on the first leveraged buy-out of a public company in Romania (worth USD 40 million)
• Advised Credit Suisse First Boston and JPMorgan on a Eurobond issue for the state of Romania (€ 600 million).