Deloitte Romania assisted African Industries Group in the acquisition of the fitness network World Class Romania

Deloitte Romania assisted African Industries Group in the acquisition of the fitness network World Class Romania

Deloitte Romania assisted the African Industries Group (AIG) holding, current in Romania by means of investments in agriculture, distribution of agricultural gear and actual property, within the acquisition of the health community World Class Romania from the Polish funding fund Resource Partners.

 

The transaction was signed in April 2022 and has been closed on July 15, after acquiring all the required approvals. The acquisition of the 41 health facilities community represents AIG’s entry within the well being and wellness phase.

The multidisciplinary workforce of Deloitte concerned within the venture was made from consultants from Romania and Germany, who offered industrial, monetary and tax due diligence companies, in addition to help in negotiating the sale-purchase settlement. In Bucharest, the workforce of economic advisors was composed of Radu Dumitrescu, Partner-in-Charge, Ioana Boca, Director, Crina Ciudin, Senior Associate, Cristina Ifrim, Senior Associate, and Madalina Tene, Senior Associate, whereas the workforce of tax consultants was composed of Alexandra Smedoiu, Partner, Monica Tariuc, Director, Mihaela Iacob, Senior Manager, and Victoria Dobre, Senior Manager. The contribution of Deloitte’s monetary advisory observe in Germany was offered by Stefan Ludwig, Partner, and Steffen Gausselmann, Manager.

“This is the second transaction through which we collaborate with Deloitte, after the one through which we acquired Agricom Borcea, Tudor 92, Concordia Agro and Alisa Farm Management farms, in addition to Thames Farming Enterprises, the corporate that owns the 4 farms. This time, the venture has been carried out in two phases, each involving due diligence necessities and negotiation, and Deloitte’s worldwide workforce has been with us throughout the complete course of, totally concerned, exhibiting flexibility in the best way it has responded to the numerous modifications which have occurred throughout an eight-month collaboration. I significantly appreciated the industrial competence of Deloitte’s workforce and the professionalism of its monetary evaluation,” stated Alexandru Rusu, CFO CEE, African Industries Group.

“I imagine that the success of this transaction was ensured by the extraordinary collaboration with each the administration workforce of AIG and the opposite consultants. We are honored that we managed to help our shopper throughout the few months that the venture lasted, by means of a global workforce, shaped by consultants from Romania and Germany. This transaction represents AIG’s entry into a brand new market and a brand new step in direction of strengthening its place,” stated Radu Dumitrescu, Financial Advisory Partner-in-Charge, Deloitte Romania.

With a workforce of fifty consultants, Deloitte is without doubt one of the main suppliers of economic advisory companies for native and multinational firms within the personal and public sectors in Romania. In 2021, Deloitte Romania’s monetary advisory workforce was concerned in over 100 advanced initiatives by means of all service traces.

In 2022, among the many current transactions and financing through which the Deloitte Romania workforce has been concerned are the takeover by Knauf Insulation, one of the world’s largest manufacturers of insulation solutions, of the Gecsat glass mineral wool factory, the obtainment of a EUR 325 million loan from Raiffeisen Bank by Romgaz to partially financing the takeover of Exxon Mobile Exploration and Production Romania Limited shares, the acquisition of Capital Financial Services, operating under the Twispay brand, by Elrond Network.



https://business-review.eu/business/legal/deloitte-romania-assisted-african-industries-group-in-the-acquisition-of-the-fitness-network-world-class-romania-233211

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