Clifford Chance Badea advised Grupul Tei in the sale of 30% stake to the Dedeman founders

Clifford Chance Badea, the local office of global law firm Clifford Chance, advised Grupul Tei, founded by entrepreneur Roxana Maftei, in the sale of a 30 percent stake in Farmacia Tei and Bebe Tei to Pavăl Holding.

The team of lawyers who worked on the transaction included Nadia Badea, partner and coordinator of the M&A practice, and Radu Costin and Alexandra Voicu, senior associates. Aspects related to the notification process to the Competition Council are being coordinated by Eleonora Udroiu, Of Counsel, and Maria Ciulică, lawyer.

"We are glad that we were involved in such an unique and extremely interesting transaction for the Romanian business environment, which confirms the potential and maturity of local companies. We hope that we will see more and more such transactions in the future,” says Nadia Badea. "The entrepreneurial spirit manifested itself throughout the entire collaboration, as each party showed a pragmatic and constructive approach so as to reach the best result for both parties.”