Musat & Asociatii advised Ecolab, a global leader in water, hygiene and infection prevention solutions and services, on the Romanian law aspects of its strategic acquisition of Purolite Corporation, involving around 30 jurisdictions over six continents. The acquisition was structured as a cash transaction and valued at approximately USD 3.7 billion.
Purolite is a global leader in high-end resin technology and services, operating in more than 30 countries and employing approximately 1,000 people worldwide, with expected 2021 sales of approximately USD 0.4 billion.
Musat & Asociatii has assisted Ecolab in all work relating to Romania, from extensive due diligence, corporate, real estate, employment, and environmental aspects, to transaction structuring, closing and post-closing.
Razvan Stoicescu, Deputy Managing Partner: „The mandate was particularly sophisticated, the target being active in a highly regulated environment, with long standing business presence, a substantial number of employees and significance on the local market. All these made for a very provocative project which our team has handled flawlessly and always in line with all client’s needs and expectations.”
The mandate was led by Razvan Stoicescu (Deputy Managing Partner), with Iulian Popescu (Deputy Managing Partner), Mihai Popa (Deputy Managing Partner) and Monia Dobrescu (Partner), Adrian Danciu (Managing Associate), Simona Anton (Managing Associate), Ana Maria Abrudan (Managing Associate), Madalina Trifan (Managing Associate), Oana Lupu (Senior Associate), Evelina Mieisor-Grecu (Senior Associate), Cristian Cepesi (Senior Associate), and Valentina Burada (Associate) playing a key role in the process.
About MUSAT & ASOCIATII
MUSAT & ASOCIATII is one of the first law firms established in Romania, immediately after the fall of the communist regime in December 1989. Currently with 13 partners and over 100 attorneys and advisors, MUSAT & ASOCIATII provides consulting services in all business law areas, including Mergers & Acquisitions, Privatization, Banking, Energy & Natural Resources, Competition, Corporate, Telecommunications & IT, Labour, Tax, Capital Markets, Real Estate, Environmental Law, Litigation & Commercial Arbitration and Criminal Law.
On a regular basis, MUSAT & ASOCIATII provides the most renowned and valued corporations in Romania and abroad, including a third of Top 100 and a half of Top 500 largest companies in Romania, as well as public and financial institutions with legal assistance on intricate corporate and financial transactions and complex dispute resolution procedures. The law firm’s portfolio includes over 2.500 clients, most of which are foreign investors.
Recognized as one of the pillars of Romania’s business law practice, MUSAT & ASOCIATII is constantly recommended by international specialized publications (Chambers & Partners, International Financial Law Review, Legal 500 etc.) as a leading law firm in Romania. Besides, many of its attorneys have been nominated by such publications among the elite of business law in Romania.
In 2020, MUŞAT & ASOCIAŢII won the „Best Law Firm in M&A, Public Procurement and Pharma” awards, a distinction handed out by the reputed publisher “The Times Legal Innovation” to Romanian law firms with an exceptional track record.
In 2019, MUSAT & ASOCIATII won the “Law Firm of the Year in Romania” award, a distinction handed out by the “The Times Legal Innovation, as well as awards for the areas of practice: Mergers and Acquisitions/Privatization, Infrastructure and PPP/Public Procurement and Criminal Law.
In 2018, MUSAT & ASOCIATII was awarded by prestigious magazine, CEE Legal Matters, for the largest M&A Pharma transaction in Romania (Dr. Max acquisition of A&D Pharma group). Also in 2018, The Times legal Innovation granted awards for the areas of practice: Mergers and Acquisitions/Privatization, Infrastructure and PPP/Public Procurement and Criminal Law.
In 2016, MUSAT & ASOCIATII received the award for the largest transaction in the energy field, for assistance granted to Sterling Resources in the process of sale of operations in Romania to Carlyle International Energy Partners, as well as the award for the largest HORECA transaction for assisting Premier Capital in purchasing McDonald’s in Romania (awards granted by Ziarul Financiar, during the Attorney Gala).
In 2015, MUSAT & ASOCIATII won the “Law Firm of the Year in Romania” award, a distinction handed out annually by the reputed British publisher “The Lawyer”, and in 2013, MUSAT & ASOCIATII was appointed “Law Firm of the Year in Romania” by International Financial Law Review (IFLR), and this was the second time when the firm was granted this prestigious award, after the distinction received in 2011 (when Romania was included for the first time on the list of countries nominated for the International Financial Law Review (IFLR) awards).
Moreover, in 2012 MUSAT & ASOCIATII won the Gold Award for the “Best Law Firm in Central and Eastern Europe”, an accolade awarded by the 2012 International Legal Alliance Summit & Awards, and in 2011, the renowned publication Chambers Europe awarded the “Romanian Law Firm of the Year” trophy to MUSAT& ASOCIATII, the law firm with the best performance in Romania, during the “Chambers Europe Awards for Excellence 2011” gala.