Delia Pachiu heads the Energy and Real Estate Practice Groups. She is a lawyer qualified in Romanian law and has over 15 years of experience. 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 the opening of the White & Case Bucharest office in January 2008, Delia has had the lead role on several M&A, energy, financing and real estate matters, advising major French, Spanish, German and Austrian companies.

Delia has extensive experience in M&A and privatizations, 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 privatization process of main players on energy markets in Romania, Serbia and Bulgaria.

Relevant transactions during the course of Delia's career include:

Mergers & Acquisitions

Energy & Regulatory 

• 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 RWE Power AG on the development of units 3 & 4 of the Cernavoda Nuclear Facility 
• 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 
• Advised the Government of Romania / CSFB 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 on drafting the Gas Law in Romania 
• 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 
• Advised a Spanish investor in relation with a wind farm development in Mehedinti county 
• Currently advising an Israeli investor in relation with a wind farm investment in Constanta county 
• Currently advising a German investor in relation with a wind farm investment in Constanta county

Telecoms 

• Advised STET International on the first phase of privatization of the Romanian fixed telecommunications company Romtelecom SA 
• Advised OTE International Investments Limited on second phase of privatization of the Romanian fixed telecommunications company Romtelecom SA 
• Advised Vodafone plc. on the acquisition of the leading mobile telecom operator MobiFon SA in Romania

Other 

• Advised Generali PPF group in relation to the acquisition of the Romanian insurance companies Ardaf and RAI 
• Advised Generali PPF group in relation with the conduct of a post-acquisition mandatory takeover offer in relation to Ardaf securities traded on the Bucharest Stock Exchange 
• 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 Generali PPF in the intended acquisition of the controlling stake in Asiban S.A., a major Romanian insurance company 
• Advised Generali PPF Holding BV in connection with the intended acquisition of 100% direct and indirect shareholding in Unita Vienna Insurance Group SA, a Romanian insurance company, from Wiener Stadtische Versicherung AG 
• Advised ING Bank NV on the proposed restructuring and privatization of the Romanian state-owned savings bank CEC 
• Advised ING Securities on an attempt to merge and privatize the aluminium producer Alro SA and Alprom SA 
• Advised British American Tobacco on the privatization of Romanian tobacco factory National Company Tutunul Romanesc 
• Advised Smithfield Foods Inc. on the purchase due diligence and sale purchase agreements for the privatization of Comtim SA

Labor and employment

• Advised the Romanian insurance company ARDAF S.A. in connection with its corporate and workforce restructuring, including the performance of collective redundancies, negotiations with the labor unions and agreements on compensatory packages, as well as in relation with the negotiations of the collective bargaining agreement with the labor unions established at the company level 
• Advised the leading chip manufacturer Intel Corporation regarding the compliance with the employment-related obligations associated with acquisition of the US-based software developer Wind River 
• Advised the US-based News Corporation in relation with the implementation of global employee policies 
• Advised UK-based company 3i Plc and its Romanian subsidiary in connection with the assessment of the existing management and employment agreements 
• Advised the Danish company AgroSyd Invest in connection with the termination of employment agreements and settlement of employee claims 
• Advised the Romanian company Intertrans K in connection with the negotiation, conclusion and termination of employment agreements 
• Advised on labor and employment issues in connection with M&A and privatisation transactions for clients such as Vodafone, CEZ, RWE, OTE International, ING Bank, British American Tobacco and Smithfield 
• Acting as chief legal advisor for the largest mobile telephony operator in Romania MobilRom (currently Orange Romania); supervising the conclusion of the individual labor agreements, the drafting of the internal regulations and of other employment related documentation, as well as the observance of labor regulations 
• Acting as chief legal advisor for the Romanian beer producer Tuborg Romania (Romanian Breweries Bereprod SRL) supervising the conclusion of individual employment agreements

Financing

• Advised Galericom, a Romanian subsidiary of the French Louis Delhaize group of hypermarkets, in a €5 million real estate secured financing from Raiffeisen Bank Romania S.A. 
• Advised Erste Bank der Oesterreichischen Sparkassen AG with the structuring and negotiation of a €15 million real estate secured financing of a Romanian entity 
• Advised a major multinational institutional investor in connection with a pre-privatisation loan facility for SNP Petrom SA (US$140 mln) 
• Advised China Development Bank in connection with €220 million financing of Zapp and its operating companies to purchase telecommunication equipment 
• Advised Landesbank Baden-Wurttenberg in connection with €70 million real estate re-financing 
• Advised a regional multinational institutional investor in connection with a pre-privatization loan facility for SNP Petrom SA (US$10 million) 
• Advised IFC in connection with a loan facility and related securities, including various transfers of shares by different shareholders in Orange Romania SA (formerly Mobil Rom SA), one of the largest mobile operators in Romania 
• Advised ING Bank NV / Schroder Salomon Smith Barney on two series of Eurobond issue for the state of Romania 
• Advised International Finance Corporation on an attempt to sell the Romanian State Ownership Fund's stake in Barlad SA 
• Advised Standard Bank of London on the first leveraged buy-out of a public company in Romania (worth US$40 million) 
• Advised Citibank Romania in connection with a €60 million financing to two Romanian gas distribution companies 
• Advised Credit Suisse First Boston and JPMorgan on a Eurobond issue for the state of Romania (€600 million)

Real Estate 

• Advised Realia in connection with a real estate residential development near Bucharest 
• Advised Plaza Centers in connection with a retail development in Miercurea Ciuc 
• Advised Agro Syd Invest ApS in connection with farm land acquisitions in South Eastern Romania 
• Advised Mayland (Goldman Sachs / Whitehall) in connection with several land acquisitions in main cities of Romania for retail developments 
• Advised Arca East Invest in connection with the development of a shopping centre in Southeastern Romania – Tulcea 
• Advised Gran Via 2006 in connection with an investment in mining exploitation in South Romania through the acquisition of a Romanian company specialized in the field of mining activities 
• 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" 
• Advised Fadesa Immobiliaria on real estate investments in Romania (Stefanesti project) 
• Advised Global Emerging Property Fund on real estate acquisitions in Bucharest and the outskirts (projects: Floreasca Gardens, American School, EP Development, Promark) 
• Advised Calsonic Kansei, a Japanese car parts producer, on a land acquisition and setting up an automotive car components plant in an industrial park 
• Advised Goldman Sachs International and Ballymore Properties Ltd. on real estate investments in Romania 
• Advised First American Title on title due diligence matters (projects: Sibiu Park, Privighetorilor, Rebreanu, Red Sea) 
• Advised Quinn Properties on a land acquisition and the development of two office buildings in Bucharest (projects: Northgate, C Invest) 
• Advised Gran Via 2006 for real estate investments in Romania (projects: Varianta, Tricodava, Electrotehnica, Frigocom) 
• Advised Dawnay Day Europe Limited on retail real estate investments in Romania (projects: Somesul, Arad, Oradea, Baia Mare, Satu Mare) 
• Advised Tri Investments Limited on residential real estate investments in Bucharest (projects: Eminescu, Perla) 
• Advised Jantzen Development, s.r.o. on the acquisition of real estate in Romania (projects: Alexandria, Constanta) 
• Advised Heitman Private Equity – Europe on the acquisition of real estate in Romania 
• Advised Macquarie Goodman (Eurinpro) on real estate projects in Romania 
• Advised Creativ Imobiliare on real estate development projects and drafting/negotiating lease agreements for an office building 
• Advised ACI Worldwide (EMEA) Limited on drafting and negotiating lease agreements (Iasi, Timisoara) 
• Advised Carpathian Properties on the acquisition of a shopping mall in Brasov 
• Advised BMG Barberino SRL on a real estate investment in Bucharest 
• Advised UK private investors on the acquisition of real estate in Romania (Buftea project).