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Wolf Theiss advises AIRSOL on the acquisition of MedAir Oxygen Solution

The Wolf Theiss Bucharest office advised AIRSOL on the acquisition of a majority shareholding in MedAir Oxygen Solutions, a Romanian company active in the field of Home Medicinal Care.

Bryan Jardine, Andreea Carare and Marius Moldoveanu, Wolf Theiss

Coordinated by Bucharest office Managing Partner Bryan W. Jardine, the core Wolf Theiss team members on the transaction were Senior Associate Andreea Cărare and Associate Marius Moldoveanu. 

Wolf Theiss provided legal assistance to AIRSOL during all stages of the transaction, including due diligence, FDI approval and negotiation of the documents required for the successful signing and closing of this transaction. The remaining minority shareholder will retain a management role in the company, which also necessitated the drafting and negotiation of the ancillary agreements governing the future relationship between the parties. 

This is a landmark transaction for AIRSOL, since this acquisition represents the group's first direct entry into the Romanian Home Care market and reflects the company's commitment to growth and expansion across Europe. 

Through this transaction, the Italian company will bring its decades of experience, know-how and capabilities to the Romanian market, thereby improving the services and products available in the Romanian homecare sector.

"Over the last several months, we have been working closely with our legal advisors at Wolf Theiss. Their expertise, dedication and proactive approach was essential for the successful signing and closing of the transaction", stated Emanuele Lainati, Legal Affair Manager of SOL Group. 

"We are thrilled to have represented the Sol Group on this transaction, which marks its entry into the Romanian market. It is significant as AIRSOL, strengthens its position in Europe and the CEE/SEE region and improves the palliative services and products in this country. Special thanks to all parties who worked very collaboratively to successfully finalise this transaction”, stated Bryan Jardine, Managing Partner of Wolf Theiss Bucharest office. 

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