Wolf Theiss has advised Revetas Capital Fund II and an affiliate of Cerberus Capital Management, L.P. on their acquisition of a leading hotel complex with approximately 86,000 sqm of gross leasable area in Bucharest, Romania.

The complex includes two hotel facilities, the Radisson Blu and Park Inn Hotels, as well as approximately 7,500 sqm of prime retail space. In addition to providing M&A assistance and real estate due diligence, Wolf Theiss assisted the purchasers in relation to financing and refinancing of the acquiring and the acquired companies’ debt.

Wolf Theiss’ team was coordinated on the M&A side by Ileana Glodeanu (Partner, Corporate M&A) from the Wolf Theiss Bucharest office and on the financing side, by Leopold Hoeher (Counsel, Banking & Finance) from Wolf Theiss Vienna. Significant contributions were also provided by the entire team of lawyers from the Bucharest office, including Ciprian Glodeanu (Partner, Real Estate & Construction), Mircea Ciocîrlea (Senior Associate, Corporate M&A), Claudia Chiper (Counsel, Banking & Finance), Cristina Ion (Associate, Real Estate), Andreea Stan (Associate, Corporate M&A), George Ghitu (Associate, Corporate M&A), Iuliana Ungureanu (Associate, Banking & Finance) and Alexandru Asaftei (Associate, Banking & Finance).

The original press release can be found here on Wolf Theiss’ website.