Global law firm White & Case LLP has advised the owner of the leading Romanian online retailer eMag.ro, Mr. Iulian Stanciu, in the sale of 70 percent of shares in Dante International, the operator of eMag.ro., to Naspers, a leading international media and e-commerce group.
“We are privileged to be part of a transaction which is widely regarded as one of the largest, if not the largest, M&A transactions in Romania this year,” said Lucian Bondoc, Co-Executive Partner of the White & Case Bucharest office. “The complex deal required careful handling and is among several significant projects on which White & Case has advised in Romania in 2012.”
The transaction adds to the list of complex projects entrusted to White & Case by the eMag group of companies which jointly represent one of the top three players in the Romanian electronics retail and wholesale market with more than €500 million turnover.
“Thanks to Lucian and his team, we had a partner in White & Case that understood this transaction in a constructive way, and helped us tremendously to navigate the complexities and find innovative solutions,” Iulian Stanciu, eMag General Manager.
The White & Case team was led by Lucian Bondoc and included seven lawyers of the Bucharest office Florentina Golisteanu, Senior Associate, Anda Moldovan, Associate, Mihaela Ciocirlea, Associate, Gabriel Voinescu, Senior Associate, Claudia Petrache, Junior Associate and Andreea Lungu, Junior Associate.
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