The value of the deal amounted to EUR38.3 million, VAT not included, in line with data previously unveiled by Beltrame officials. Mid-February 2022, Romania’s Competition Council approved the acquisition of the functional production assets of COS Targoviste by Beltrame.
PwC Romania and D&B David si Baias experts provided assurance services in relation to the acquisition process, the insolvency procedure, the legal and environmental due diligence, legal assistance, tax and accounting advisory.
The PwC and D&B David si Baias team was coordinated by Daniel Anghel, Partner and Tax and Legal Services Leader, PwC Romania, together with Cristian Gavril, Leader of Restructuring Department, Business Recovery Services, and Anda Rojanschi, Partner at D&B David si Baias.
The restructuring team of PwC Business Recovery Services, coordinated by Cristian Gavril, included Andrei Manea, Senior Manager, Corneliu Musat, Senior Manager, and Dana Cioclov.
The PwC Tax team involved in the transaction included Roxana Popa, Director, Andreea Giovanni, Senior Manager, Ioana Bara, Senior Manager, and Florin Rizea, Senior Manager.
The D&B David și Baias team was coordinated by Anda Rojanschi, Partner, and included Georgiana Balan, Senior Coordinating Attorney, Alice Spridon, Senior Attorney, Lucian Bozian, Senior Coordinating Attorney, Andreea Toncu, Collaborating Attorney, and Diana Bortas, Junior Attorney.