The law firm “Efrim, Roșca & Asociații” (ERA) assisted Bico Industries, the main producer of fiberglass mesh in Romania, part of the ROCA Industry group, in the process of taking over the company Terra Impex S.R.L, a manufacturer with the same object of activity.
ERA’s team provided legal support during the entire process of acquisition of the company – due diligence, performed by the buyer, preparation and review of documents for the transaction. Likewise, the ERA team assisted in the signing of the sale-purchase contracts, in the process of fulfilling the condition precedents, as well as in the closure of the transaction.
”The company BICO Industries SA, part of the Roca Industry group, completed on Wednesday, March 23, 2022, the acquisition of the reinforcement mesh manufacturer from the Republic of Moldova – ZEL Vulcănești – TERRA Impex Group of Companies, the value of the transaction amounting to approximately 3.8 million euro. The entire operation, in terms of legal audit and support during the signing and registration of the transaction, was coordinated on the territory of the Republic of Moldova by the Law Firm “Efrim, Roșca şi Asociații”. We would like to thank our partners in the Republic of Moldova for their professionalism and efficiency, even in the most delicate moments, and we owe them most of the success of the transaction. We also appreciate that this relationship was based not only on the professional component, but also on the chemistry of the soul “, stated the Chairman of the Board of Directors of Bico Industries, Mihai Bîrliba.
“It was a complex transaction, with a tight schedule, which was done in a tough regional context. I would like to congratulate the Bico Industries team, and personally the Chairman of the Board, Mr. Mihai Bîrliba, for the investment made. At the same time, I thank them for their trust in the ERA team in this project. We worked excellently with the teams from the Romanian law firms Reff & Asociații|Deloitte Legal and “Popovici, Nițu, Stoica & Asociații”, mentioned Oleg Efrim, Managing Partner “Efrim, Roșca & Asociații”
The ERA team, involved in the project, consisted of Vladislav Roșca – partner, lawyers Maxim Macovei and Gicu Bloșenco, and was led by partner Oleg Efrim.Back to the list