Clifford Chance Badea advised J.C. Flowers & Co. in the sale of First Bank to Intesa Group

Recent representative, successfully closed transactions include:
•    Advising Enel Group in closing the approx. EUR 1.24 billion sale (equivalent to an enterprise value of around EUR 1.9 billion, on a 100% basis) of its Romanian assets (including its electricity production, supply, and distribution operations) to Greek-based Public Power Corporation (PPC);
•    Advising the arranger banks in connection with Hidroelectrica's historical listing, the largest IPO launched in Europe this year, with a total value of RON 9.3 billion;
•    Advising Actis, the global investment fund in sustainable infrastructure, in relation to the acquisition of two renewable energy projects with an installed capacity of around 1,000 MW, and the acquisition of a 1,044 MW solar plant in Romania;
•    Advising Grupul Tei, founded by entrepreneur Roxana Maftei, in the sale of a 30% stake in Farmacia Tei and Bebe Tei to Pavăl Holding (Dedeman Group);
•    Advising Crédit Agricole S.A. in the process regarding the sale of Crédit Agricole Bank Romania to Vista Bank Romania;
•    Advising Kingspan in the acquisition of the Steel division of TeraPlast Group, operating in Romania and Serbia;
•    Advising Mondelez in the acquisition of Chipita group, one of the largest pastry and snacks producers in CEE;
•    Advising Pfizer on local aspects of its global spin-off and combination of its generics business Upjohn with Mylan;
•    Advising CVC Capital Partners, global leader in private equity, on the acquisition of the insurance business Ethniki active in Greece, Cyprus and Romania (and including Garanta Asigurari) from NBG.