Delia Pachiu is the Executive Partner of White & Case Bucharest office and heads the Energy and Real Estate Practice Groups, being at the same time a member of the Global Energy, Infrastructure, Project and Asset Finance Practice Group of the Firm. She is a lawyer qualified in Romanian law with over 18 years of experience across the full spectrum of energy projects, regulatory matters, project and corporate finance, capital markets, corporate and commercial transactions and real estate projects. Prior to joining White & Case, she headed the Romanian energy and real estate teams of a Magic Circle law firm, based out of its Bucharest office.

Delia is well versed in coordinating large and cross-practices teams engaged in drafting and negotiating in relation to complex documentation, due diligences, public procurement aspects, tenders and legislation.

She has market leading experience in complex, multi-faced transactions, with the profound understanding of the aspects arising during the course of such projects and the multiple implications, risk and opportunities therewith. Delia is among a selected group of lawyers who have been involved in landmark transactions carried our in Romania and in South-Eastern Europe during the last decade. In particular, she had a lead advisory role in the privatization process of main players on energy markets in Romania, Serbia and Bulgaria. Representative examples include:

• Advised RWE Energy AG in connection with the privatization of the electricity distribution company Electrica Muntenia Sud SA
• Advised CEZ a.s. in connection with the privatization of the Romanian electricity distribution company Electrica Oltenia SA
• Advised the Government of Romania / CSFB on the €303 million acquisition by E.ON Ruhrgas of 51% of the share capital of Romania's national gas distribution company Distrigaz Nord SA and on the €311 million acquisition by Gas de France of 51% of the share capital of Romania's national gas distribution company Distrigaz Sud SA
• Advised the Privatization Agency of the Republic of Bulgaria / CSFB on the privatizations of TPP Varna EAD (coal fired generator with total installed capacity of 1,260MW), TPP Bobov Dol EAD (coal fired generator with total installed capacities of 630MW, and DHC Russe EAD (coal fired heat and electricity generator with a total installed capacity of 41MW for heat generation and 400MW for electricity generation)
• Advised Public Power Corporation SA (Greece) on the privatization of 3 groups of electricity distribution companies in Bulgaria (Western Bulgarian EDCs, South-Eastern Bulgarian EDCs and Eastern Bulgarian EDCs)
• Advised the Government of Serbia / Merrill Lynch on the proposed privatization of the oil and gas company Naftna Industrija Srbije

Currently, Delia is leading the teams engaged on several landmark or pioneering projects which are rolled out in Romania, including advising:

• EnergoNuclear on various legal matters related to the development, construction and operation of units 3 & 4 of the Cernavoda nuclear power plant, including on regulatory, licensing, financing, public procurement and contracts
• PNE Wind, a major renewable energy German investor, on a large spectrum of matters related to their renewable energy investments in several locations in Romania, including in connection with energy regulatory matters, corporate matters and constructions
• Energy Rose, an international energy group, on the development of a wind park in South-Eastern Romania, during each project development phase, including in connection with the structuring and implementation of the financial arrangements required for the completion of the project, this being the first lease financing for the acquisition of turbines for a wind farm project performed in Romania

Additionally, since the opening of the White & Case Bucharest office in 2008, Delia has let the advisory teams involved in numerous financing, M&A and real estate matters, counseling major private and public investors active in energy, oil & gas, insurance, technology, retail, professional services, leading international financial institutions and entrepreneurs. Selected representative transactions include:

Financing

• Advised Hidroelectrica S.A., Romania's largest electricity producer, in connection with a €110 million loan, to be granted by EBRD, Erste Bank and Caixabank, for financing the rehabilitation of the 210 MW six units of Stejarul Bicaz hydro power plant
• Advising a consortium of major European financial institutions in connection with a prospective non-recourse debt financing to develop, construct, commission and operate a brown field gas-fired cogeneration plant to be located in Bucharest, Romania
• Advised EBRD in relation with the financing in amount of over € 40 million of Renault Technologie Roumanie, the Romanian company developing a new testing facility on behalf of Renault;
• Advised Landesbank Baden-Wurttenberg in connection with various projects in Romanian, including on the restructuring of a €70 million real estate loan
• Advised China Development Bank in connection with €220 million financing of Zapp and its operating companies to purchase telecommunication equipment

M&A

• Advised Generali PPF Holding BV in relation to a series of high profile projects in Romania, including in connection with the acquisition of Romanian insurers ARDAF S.A. and RAI S.A., the intended acquisition of the controlling stake in Asiban S.A., as well as the intended acquisition of 100% direct and indirect shareholding in Unita Vienna Insurance Group SA, a Romanian insurance company, from Wiener Stadtische Versicherung AG. Most recently, Delia coordinated the team advising Generali Holding Vienna in connection with the acquisition of a minority package of approximately 16% in Generali Asigurari Romania from the Romanian company, ASTRA Asigurari.
• Advised Invitel Holdings A/S in connection with the sale of Invitel International, including its subsidiary S.C. EuroWeb Romania S.A., to Türk Telekom for an enterprise value of €221 million
• Advised Johnson Controls in connection with the acquisition of the automotive division of Spumotim S.A.
• Advised Auchan Group in relation with the acquisition of 20% and 51%, respectively, of the share capital of MGV Distri-Hiper SA resulting in a participation of 100% in the company's capital
• Advised EETEK, a major Hungarian clean energy solutions provider, on the acquisition of a 186 MW wind farm in Southeaster Romania (Braila county)

Capital Markets

• Advised Generali PPF Holding in relation with the conduct of a post-acquisition mandatory takeover offer in relation to ARDAF S.A. securities traded on the Bucharest Stock Exchange
• Advised a large Romanian oil& gas and petrochemical company listed on the Bucharest Stock Exchange, in connection with various aspects pertaining to the redemption and conversion of a EUR multi-hundred- million convertible bonds issued in favor of the Romanian State to settle its historical tax debts
• Advises Generali PPF Holding to initiate and conduct a squeeze-out procedure, followed by the delisting from the regulated market of the Bucharest Stock Exchange of ARDAF S.A. shares

Real Estate

• Advised Romania Hypermache SA, in relation to the acquisition of several real properties in Drobeta-Turnu Severin, for the purposes of developing a multi-functional development including a hypermarket, a commercial gallery, a DIY store, as well as office building
• Advised Provera Rom in relation to the acquisition by public auction of several industrial assets located in the administrative centre of Brasov (Centre Romania)
• Advised Albro Estate in a complex transaction including a three stage acquisition and development of an industrial site in Bucharest
• Advised a Louis Delhaize group company in connection with acquiring and securing the building right for a retail project in Bacau city (Eastern Romania)
• Advised GV Moinesti in connection with the sale of real property for development purposes to Lidl, a German supermarket chain
• Advised Arca East Invest, working in collaboration with Chayton Capital, in connection with the development of an office park located in Bucharest – “Swan Office Park”

Employment
Delia has also an extensive track record of advising on labor and employment issues in connection with M&A transactions and privatization for clients such as Vodafone, CEZ, RWE, OTE International, ING Bank, British American Tobacco and Smithfield. Moreover, during the course of her career, she acted as chief legal advisor for the largest mobile telephony operator in Romania MobilRom (currently Orange Romania) and for the Romanian beer producer Tuborg Romania (Romanian Breweries Bereprod SRL), supervising the labor & employment law related activities.

Pro Bono
Delia dedicates time and sustained efforts in pro bono work, as well. She constantly engages in and supports the endeavors of various Romanian NGOs and professional associations, with an aim to facilitate their access to highest quality legal assistance and representation.

Bars and Courts
Romanian Bar, 1995
Bucharest Bar Association, 1995

Education
LLB, University of Bucharest, Faculty of Law, Bucharest, Romania, 1994

Professional Associations and Memberships
International Bar Association, 2008
European Employment Lawyers Association, 2010

Languages
Romanian
English
French

Citizenship
Romania