NNDKP assists Isosport in the acquisition of Novo Tech Group operating a manufacturing plant in Oradea
Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted Isosport, the world market leader in the field of plastic composite materials for the ski and snowboard industry, in a multi-jurisdictional transaction for the acquisition of Novo Tech Group, a leading manufacturer of high-quality plastic products. The transaction involved two production sites located in Poland and Romania (Oradea) which Novo Tech Group operates, with an additional sales location in Belgium. Through this deal, Isosport is strengthening its leading role as a market leader and industry specialist, with a growth strategy focusing on diversifying its business and on identifying and successfully occupying niche markets.
NNDKP provided legal assistance on all Romanian aspects, including with the due diligence analysis on the Romanian company operating the manufacturing plant located in Oradea, as well as with the structuring of the transaction and the relevant transaction documentation and closing formalities.
„The transaction entailed many complex aspects and it is an important move on the market in the current challenging environment. We are happy to have been part of this project and thus support Isosport’s strategy of expanding its portfolio and establishing a presence in Romania”, said Corina Dumitru, Partner Corporate/M&A practice, NNDKP.
This transaction complements the M&A portfolio of deals in which NNDKP has been involved in the past 12 months in industries such as technology and IT, agri-business, energy and natural resources, finance and insurance, transport and logistics, automotive and medical services. These projects add to an impressive track record the firm has built in over 30 years of providing assistance in transactions with a cumulative value of tens of billions of euros, including in projects that have shaped the local business market.