The Austrian-based property group Supernova acquired a portfolio of 6 Shopping Centers, 3 of them located in Bucharest, the others in Bacau, Constanta and Drobeta-Turnu Severin, from Louis Delhaize Group, the parent company of Cora, through a complex share deal transaction with a lease-back component. The acquisition was financed partially by a consortium of 4 banks – Erste Bank AG, Raiffeisen Bank International, Raiffeisen Bank Romania and BCR.
Supernova relied on the legal advice of bpv GRIGORESCU STEFANICA for the acquisition and financing transactions, including for structuring, due diligence, contract negotiation for the share deal and for the financing documentation. Louis Delhaize group was advised by the law firm act Botezatu Estrade Partners.
The bpv GRIGORESCU STEFANICA team was led by Anca Albulescu (Partner) and included Nicolae Ursu (Managing Associate), Alina Tyelu (Senior Associate), Diana Radu (Associate) and Iuliana Rusu (Associate).
“We are pleased to have had bpv GRIGORESCU STEFANICA on our side advising us on this transaction. In Anca, Nicolae and their team we have found outstanding support and have developed a type of relationship that every real estate company should build from their first steps in Romania,” said Johannes Wurzer, Head of Mergers and Acquisitions at Supernova.
“We are proud to have successfully completed a new mandate for Supernova. It was a complex project, with multiple challenging aspects, but our real estate team confirmed once again its expertise by obtaining the optimal outcome out of competing interests of all the parties involved. On behalf of the bpv Grigorescu Stefanica team, I would like to thank Supernova for trusting us again for their projects in Romania. We look forward to accompanying them in their next exciting steps in Romania,” said Anca Albulescu.
In addition to Supernova, the real estate client portfolio of our firm includes prominent names such as Aviva Investors, Commerz Real, Erste Group, Hornbach, Immofinanz, Soravia, CTP, MassMutual, Forty Management, Dokia Capital, Tiriac Imobiliare.
Dentons, the world’s largest law firm, assisted a consortium of banks—Erste Group Bank, Raiffeisen Bank International, Raiffeisen Bank Romania and Banca Comercială Română—in financing the acquisition by Supernova Group...