13 October 2010
Bucharest — DLA Piper has advised MIH Allegro, part of the international media group Naspers, on its acquisition of 83% of GECAD ePayment International SA, the leader of the Romanian eCommerce integrated solutions market.
The DLA Piper team led by Country Managing Partner for Romania, Marian Dinu, who was assisted by associate, Cristina Bucur.
“I have known the GECAD team and Radu Georgescu, the founder of the company, since they completed their first transaction with Microsoft seven years ago and have admired their ability to develop successful businesses a standing start. I am pleased to have been able to assist MIH, a longstanding client of DLA Piper’s, on this acquisition which gives them a leadership position in a fast growing market,” said Marian Dinu.
Throughout 2010, DLA Piper has been involved in several high profile mergers and acquisitions, such as Kraft Foods’ divestment of the Cadbury operations in Romania, Datek Telecom’s acquisition by GTS Central Europe and Petrom S.A’s acquisition of SC Wind Power Park SRL, which marked their entrance to the renewable energy market.