According to the latest government emergency ordinance draft, the Department for Foreign Investments and Public-Private Partnership will cease its activity within the General Secretariat of the Government (SGG). It will be incorporated by the Ministry of Economy, Commerce and Relations with the Business Sector. The Ministry will be reorganized by taking over its attributions, patrimony and personnel of the Department. Following Alexandru Nastase’s dismissal on 15th of January, several days ago, Prime Minister Dacian Ciolos appointed Manuel Costescu, executive director at JP Morgan London, as State Secretary for the Department.

Local law firm RTPR Allen & Overy advised the private equity fund Enterprise Investors in relation to the sale of Smartree Romania, an important player on the market providing outsourcing payroll and personnel administration process services. The RTPR Allen & Overy team included Costin Tărăcilă (Managing Partner), Laurențiu Tisescu (Associate) and Andrei Lupu (Junior Associate).  RTPR Allen & Overy assisted Enterprise Investors in relation to several transactions such as the exit from Siveco Romania, the acquisition of Macon and Simcor or the acquisition and subsequent sale of Artima.

French group Lactalis, which also controls local dairy producer LaDorna, submitted an offer for the acquisition of the romanian diart producer Albalact.Lactalis has agreed to acquire the Albalact shares representing in aggregate 70.29% of the fully-diluted issued share capital of Albalact . The main shareholder of Albalact is the Ciurtin family and minority shareholder is investment fund Reconstruction Capital II Limited listed on the London Stock Exchange, which has accumulated in the last two years about 25 percent of the shares on RASDAQ through acquisitions. 

The company Vector Watch, founded by Romanian entrepreneur Radu Georgescu obtained the third financing after it's launch in value of 5 million dollars. The funds will be used to extend US office and product development.  Financing came from parent company Gecad Group that led the investment with 2 mil. $, Followed by 3TS Fund Catalyst Romania 1.6 mil. $ and a number of private investors among which the co-founders of eMag who made the difference of 1.4 mil. $.