Advises PKO BP on the financial aspects of Maspex Group's acquisition of Purcari Wineries, as announced on our site.
Global Law Firm Helps Facilitate Major Cross-Border Acquisition in Central and Eastern Europe
In a significant corporate move, the leading food and beverage producer in Central and Eastern Europe, Maspex Group, has acquired Purcari Wineries. This acquisition, partially financed by a loan governed by Polish law, marks a significant step in Maspex Group's long-term strategy to consolidate and expand its presence in the premium beverage segment.
The global law firm Norton Rose Fulbright advised PKO Bank Polski S.A. Varsovia, Sucursala București on the cross-border loan financing provided to Maspex Romania S.R.L. for the acquisition. The financing structure required careful coordination to ensure regulatory compliance in both Poland and Romania, demonstrating Norton Rose Fulbright's expertise in handling complex cross-border financing transactions.
The legal team, led by counsel Jacek Smardzewski and head of the Warsaw office, Grzegorz Dyczkowski, included associate Michał Rutkowski and lawyer Natalia Rybak from the law firm's Warsaw office. The team's work ensured that the financing structure adhered to differing legal regimes (Polish loan law and Romanian regulatory requirements) for a smooth deal execution.
Purcari Wineries, the largest exporter of bottled wine from Moldova, is the leading wine producer in Central and Eastern Europe and is listed on the Bucharest Stock Exchange. With over 2000 hectares of vineyards and six wineries across Moldova, Romania, and Bulgaria, Purcari manages a significant regional presence and a premium brand portfolio.
This acquisition aligns with Maspex’s regional expansion strategy and their focus on premium alcoholic beverage brands in Central and Eastern Europe. Maspex completed a voluntary public takeover bid, resulting in a controlling stake of over 72% in Purcari Wineries. In Romania, Maspex has been present for nearly 30 years and has strengthened its position through organic growth and strategic acquisitions.
The acquisition of Purcari Wineries showcases an example of a significant cross-border corporate acquisition in Central and Eastern Europe, facilitated by expert legal advice to navigate multi-jurisdictional loan and securities regulations. The law firm involved in the transaction has a Warsaw office, further demonstrating its capability to handle complex cross-border transactions.
- The financing for Maspex Group's acquisition of Purcari Wineries was partly managed by the global law firm Norton Rose Fulbright, demonstrating their expertise in business, industry, and finance, specifically in complex cross-border financing transactions.
- The legal team's work ensured that the financing structure of Maspex Group's acquisition of Purcari Wineries adhered to both Polish loan law and Romanian regulatory requirements, highlighting their ability to handle and navigate differing legal regimes within the business and finance sectors.
