BDAttorneys advised Strabag Group in connection with the transaction by which it will acquire all shares in Bawi Construction. The transaction remains subject to customary regulatory approvals.

Following completion, Bawi Construction will be integrated into Strabag Group, strengthening the group’s strategic presence in Romania and Southeast Europe.

Our team of lawyers assisted Strabag throughout all phases of the transaction, including conducting legal due diligence, advising on transaction structuring, and preparing and negotiating the sale and purchase agreement and all ancillary documentation.

The project was coordinated by Stefan Mantea (Partner), working closely with Alexandra Siminiceanu (Senior Managing Associate, M&A). The team also included Larisa Jurcă (Managing Associate, M&A and Regulatory), Claudia Grosu (Managing Associate, Competition), Miruna Coderie (Senior Associate, Real Estate), Victor Voicu (Senior Associate, M&A), Daniela Sidorov (Associate, Corporate) and Gabriel Mihai (Associate, Competition).

“We truly valued the assistance provided by BDAttorneys and EY throughout this complex acquisition process. I would particularly like to thank Stefan Mantea and Alexandra Siminiceanu for their outstanding guidance, dedication and professionalism. Their combination of legal insight and strategic thinking played a key role in bringing this transaction to signing”, said Mr. Gerhard Streimel, Strabag Group.

“We congratulate the parties for reaching this important milestone. I am proud that our team assisted Strabag Group in this transaction. We are confident that Bawi’s success story will continue under Strabag’s ownership and, looking forward, the Romanian companies within the construction sector will benefit by enhanced capabilities and expanded expertise, all under the management of Strabag Group”, said Stefan Mantea, Partner, BDAttorneys.

Other consultants involved in the transaction: EY Romania (Miruna Enache and Ana-Maria Moise, Tax Due Diligence and Tax structuring) and EY Parthenon (Liliana Busoiu and Alina Cinca, Financial Due Diligence and Financial assistance).

About Băncilă, Diaconu şi Asociaţii SPRL

Băncilă, Diaconu și Asociații SPRL (formerly Radu și Asociații SPRL) is a Romanian full-service law firm, offering both legal advisory services and assistance before the courts of law, with a significant tax policy and controversy (TPC) practice.

Băncilă, Diaconu și Asociatii SPRL is a member firm of Ernst & Young Global Ltd and part of the expanding EY Law global network, which has more than 2,400 lawyers and offices in over 90 jurisdictions.

Our expertise has been recognized by the market and international firm directories.

Chambers Global 2019 has recognized our Corporate/M&A practice while Chambers Europe 2019, 2020, 2021 and 2022 have placed our Tax Policy and Controversy practice on Band 1. The Legal 500 Europe, Middle East and Africa 2019, 2020, 2021 and 2022 have also ranked our Commercial, Corporate/M&A practice, while the 2020, 2021 and 2022 editions placed our Tax Policy and Controversy practice on Tier 1.