What does the due diligence process involve in an acquisition?

Due diligence includes: legal verification (contracts, litigation, permits), financial (balance sheets, debts, cash flows), tax (compliance, risks), operational (employees, assets), and environmental. We identify risks and opportunities before the transaction.

How long does an M&A transaction take in Romania?

Typical duration: 3-6 months for simple transactions, 6-12 months for complex ones. Stages: preliminary negotiation (1-2 months), due diligence (1-3 months), final negotiation and documentation (1-2 months), closing and authority approvals (1-2 months).

What legal structures do we use for acquisitions?

Common structures: share acquisition (share deal), asset acquisition (asset deal), merger by absorption, spin-off, joint venture. The choice depends on tax objectives, historical liability, and integration complexity.

What approvals are needed for M&A in Romania?

Potential approvals: Competition Council (if thresholds are exceeded), NBR (financial sector), ANCOM (telecom), specific sectoral authorizations. We guide you through the entire authorization process to avoid delays.

How do I protect confidentiality in M&A negotiations?

Protection includes: solid NDA (non-disclosure agreement), secure virtual data room, gradual information disclosure, team access restrictions, and non-solicitation clauses for employees and clients.

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Complex Transaction Experts

M&A & Greenfield
Investments

End-to-end legal consulting for mergers, acquisitions, joint ventures and greenfield investments in Romania

Why us

Experience in transactions of all sizes - from startup acquisitions to complex corporate mergers

since 2008 (18 years experience) in business law and M&A

Accelerated due diligence in 7-10 days when you need it

Post-transaction support for integration

Complete Due Diligence

Deal Structuring

Post-Merger Integration

Complete M&A Services

Full legal support at all transaction stages - from strategy to post-closing integration

Due Diligence

Complete legal investigation

Complete Legal Due Diligence
Tax Due Diligence and HR audit
Intellectual property verification
Real estate and assets review
Risk and litigation identification

Transaction Structuring

Tax and legal optimization

Deal structuring and tax planning
Share deal vs Asset deal analysis
Cross-border structures
SPV setup and holding companies
Financing structure and securities

Negotiation & Closing

Complete support at the negotiation table

Commercial terms negotiation
SPA and ancillary document drafting
Representations & Warranties
Conditions precedent and closing mechanics
Escrow and indemnification clauses

Joint Ventures

Successful strategic partnerships

JV structuring and shareholders' agreement
Governance and management structure
Exit mechanisms and buy-sell provisions
Dispute resolution clauses
IP and technology transfer agreements

Greenfield Investments

Start-to-finish for new investments

Company incorporation and licensing
Real estate acquisition and leasing
Environmental and construction permits
Tax and regulatory compliance setup
Employment and operational contracts

Post-Merger Integration

Integration without legal issues

Legal integration roadmap
Contract migration and harmonization
HR and employment integration
Compliance and regulatory alignment
Corporate restructuring post-deal

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Complete due diligence guide and essential documents for successful transactions

M&A Frequently Asked Questions

Answers to the most common questions about M&A transactions

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Schedule a video consultation for preliminary transaction evaluation

Contact

We are always here for you.

Our firm is physically located in the heart of Transylvania, in Târgu Mureș, Mureș County. We offer online services throughout the country and internationally.

Str. Rodnei nr. 3, ap. 1,

Târgu Mureș, jud. Mureș, Romania

📞 +40 740 011 411 office@pantilimon.ro

Consult a law firm specialized in fiscal and commercial law and insurance law, specifically compensation, for any legal need.

Av. Rikhárd-Árpád Pantilimon

Avocat Definitiv

Attorney practising since 2008 — 18 years, active in commercial law, compensation claims and civil litigation. Member of the Mureș Bar and UNBR.

Baroul Mureș

18 years of legal experience since 2008

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Content information

Last updated: October 9, 2026

Reviewed by: Pantilimon Avocat

New

M&A & GreenfieldInvestments

Complete M&A Services

Due Diligence

Transaction Structuring

Negotiation & Closing

Joint Ventures

Greenfield Investments

Post-Merger Integration

Request a Personalized Quote

Download Free M&A Checklist

M&A Frequently Asked Questions

How long does an M&A transaction take on average in Romania?

What are the main legal risks in an acquisition?

Share deal vs Asset deal - which is more advantageous?

What is W&I Insurance and when is it recommended?

How does Competition Council approval work?

What additional costs arise in an M&A transaction?

More Frequently Asked Questions

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How long does an M&A transaction take in Romania in 2026?

What documents are needed to sell a company in 2026?

How is an acquisition transaction structured in 2026?

What guarantees should I request when acquiring a company?

How do I set the right price for an acquisition in 2026?

What approvals are needed for M&A in Romania 2026?

What is a greenfield investment and how does it work in 2026?

How do I protect confidentiality in the M&A process?

What happens to employees after M&A in 2026?

Discuss Your Transaction with Our Experts

Contact

Av. Rikhárd-Árpád Pantilimon

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Investments