NNDKP assists DKV with its further expansion on the Romanian market
Nestor Nestor Diculescu Kingston Petersen (NNDKP) provided legal assistance to DKV in the acquisition of Smart Diesel, the largest independent fuel company in Romania.
DKV is the market leader providing cash-free service en route to the transport business on the European motorways and traffic roads. Through this transaction DKV continues its expansion strategy and consolidates its presence and client database in Eastern Europe.
NNDKP assisted DKV in relation to all the stages of the transaction, including the due diligence, drafting and negotiation of the relevant transaction documents, competition law aspects and various regulatory matters.
“NNDKP provided us with professional and competent advice throughout the entire period of this complex transaction. We were very contented with their services”, says Sven Mehringer, Managing Director Energy & Vehicle Services at DKV.
The NNDKP core team involved in this transaction was coordinated by Ruxandra Bologa, Partner and Co-head of the Corporate/M&A practice area and included Raluca Gabor, Senior Associate and Emanuel Flechea, Associate, both from the Corporate/M&A practice, Georgeta Dinu, Partner, Head of Competition, State Aid and EU Law practices, Anca Diaconu, Senior Associate (Competition, State Aid and EU Law), and Alina Radu, Partner and Head of Banking & Finance practice. The core team was further supported by various other lawyers and consultants from other areas of practice including M&A, Competition, Banking & Finance, Employment, Environment and Data Protection, IP, Tax.
“It has been a pleasure to contribute to a transaction between two companies which place the greatest emphasis on people and on technology, as key drivers for growth. We thank DKV for the opportunity to work together. We congratulate them for their forward thinking business approach”, mentions Ruxandra Bologa, Partner and Co-Head of Corporate/M&A.
The transaction will be finalized once the relevant approvals are obtained and all the necessary formalities are fulfilled.
The two companies agreed that no further details regarding the transaction will be made public.
NNDKP’s Corporate / M&A practice has set benchmarks for over 30 years by advising on some of the most sophisticated high-profile transactions on the Romanian market. Currently a 25-lawyer team, one of the largest teams of M&A specialists on the local market, NNDKP lawyers advised during the past 12 months alone on more than 25 noteworthy M&A deals, both domestic and cross-border.