The transaction was completed early February 2023.
The bpv Grigorescu Stefanica team advised comprehensively on all stages of the transaction, including due diligence, document drafting and negotiation, signing and closing. The team was led by Iulia Dragomir (Corporate Transactions) and included Laura Popa (Senior Associate), Ana Maria Rotariu (Associate) and other members of the team for the relevant areas of due diligence and transaction advice.
Incrys was established in 2000 and in 2021, the last year for which data are publicly available, it reported a turnover of over RON42.8 million, up 1% versus 2000.
USOURCE was established in 2015 by entrepreneurs Adrian Satmarel and Catalin Stef and provides digital services primarily to US customers. USOURCE had a turnover of over RON10.9 million at end-2021, the last year for which data are publicly available, down over 28% versus 2000.