The first transaction targets the acquisition of an ownership stake in the share capital of Unicool Instalații Frig SRL and Acsa Coolteam SRL.
Following the transaction, Syclef Holding SAS, through Syclef Romania SRL, will acquire control of the two companies, while Mihai-Calin-Nicolae Bara, Ioan-Cristian Popa and Horia-Sorin Stoica, through Frigoholding SRL, will hold minority stakes.
Unicool Instalații Frig SRL operates in the distribution of commercial refrigeration equipment and also provides industrial refrigeration solutions for factories, warehouses and other complex applications, as well as installation, assembly, servicing and maintenance services and integrated HVAC solutions.
Acsa Coolteam SRL operates in the distribution of commercial refrigeration equipment.
The second transaction under review targets the acquisition of an ownership stake in the share capital of Horeco Impex SRL and Frigoclima SRL, which are currently wholly owned by the Niculescu family.
Following the transaction, Syclef Holding SAS, through Syclef Romania SRL, will acquire an 80% ownership stake in the two companies, while the Niculescu family, through Horeco Holding Roinvest SRL, will retain the remaining 20%.
Horeco Impex SRL provides integrated industrial refrigeration solutions, including design, engineering, project management, installation, commissioning, automation, maintenance and after-sales services.
Frigoclima SRL mainly provides installation and related technical services as a subcontractor for Horeco Impex SRL.
Syclef Holding SAS operates in the design, installation and maintenance of medium- and large-scale refrigeration systems and equipment, including industrial refrigeration systems for logistics platforms, warehouses and the food industry, as well as commercial refrigeration systems for supermarkets and convenience stores. Syclef Romania SRL is an investment vehicle.
Under the provisions of Competition Law No. 21/1996, both transactions must be authorized by the Competition Council. The authority will assess the deals to determine their compatibility with a normal competitive environment and will issue decisions within the deadlines stipulated by law.