7. September 2018. bpv Grigorescu Stefanica assisted Fair Value Com, a Romanian company with a turnover of over RON 11 million in 2017, in the transaction through which it was entirely taken over by S&T Romania, the local subsidiary of the renowned Austrian system provider and software integrator. The latter has thus gained leadership on the SAP software solutions implementations market in Romania.
Fair Value Com, a wholly Romanian owned company, has dominated the segment of private companies using SAP solutions in the past 13 years since its establishment, providing them with the implementation and maintenance of these solutions. Although the company’s activity was supported by a relatively small number of employees, reaching 19 employees in 2017, Fair Value managed to develop an impressive portfolio of clients, providing 35 SAP implementations in 5 different industries.
The legal advice for Fair Value Com in this transaction was ensured by Alexandru Rusu, Partner at bpv Grigorescu Stefanica, through the legal support provided in the review and negotiation of transaction documents. The transaction concluded over the course of a couple of weeks between July and August 2018.
“Fair Value is a client we have worked with for over 10 years and I’m happy we assisted them in this deal as well. The short time in which this transaction has taken place required solving problems in record time, and thanks to both parties involved in the negotiation we came to a successful conclusion of this deal”, stated Alexandru Rusu, Partner, bpv Grigorescu Stefanica.
“It was very important for us to have a trusted partner alongside in this transaction, to provide us with the legal advice needed to conclude the deal, as the time for signing the agreement was unusually short and therefore it required a high response rate. We have worked with Alexandru Rusu and bpv Grigorescu Ştefanica team in several projects before and we always had an excellent collaboration, as they helped us reach the desired results every time”, added Metodiu Mehmet, Founder, Fair Value Com.
bpv Grigorescu Stefanica advises some of the most prominent names in the technology sector such as Google, Atos, Amazon, Facebook, Hootsuite, Garmin, Zitec, FintechOS, Fullscreen Digital, Autodesk, Mapbox, Acton, Riverbed Technology.