Lawyer Monthly - June 2023

legal and regulatory aspects of the sale to Tefron Europe, always having in mind the business goals and strategic aspects of our client’s activity. Everybody’s hard work and involvement were essential in ensuring a smooth and efficient outcome. Our business relationship with Adesgo goes back many years and our reciprocal trust and cooperation played a pivotal role in successfully finalising this transaction. We appreciate the opportunity we were given to work towards achieving the best possible outcome and we are confident that this mandate sets a positive precedent for future business dealings and strengthens our mutual confidence. How did the Musat & Asociatii team liaise with the involved companies and law firms to ensure the transaction’s success? As a leading law firm, we have a wide record of working together with international clients and peer law firms on complex mandates; it is part of our daily work. The collaboration with the involved companies and law firms Can you share more details regarding the background of this sale and its purpose? The sale of Adesgo’s seamless apparel manufacturing, marketing and distribution business to Tefron Europe represents a strategic move for both companies. It has been almost 100 years since the mother company of Adesgo, Rotex, was established, growing throughout the years due to a strong team of dedicated professionals. In the past century, Adesgo has established itself as a strong Romanian brand in its market sector. The agreement with Tefron ensures continuity to the development of Adesgo, Rotex and the partnerships with the clients. Adesgo will continue to be active in the local Romanian market with its growing Diamond brand, available to leading customer accounts and distributors. What role did you and your team play in advising Adesgo? Our team advised Adesgo on all the Lawyer Monthly had the pleasure to speak with Monia Dobrescu at Musat & Asociatii to give us some further insight into this transaction: Everybody’s hard work and involvement were essential in ensuring a smooth and efficient outcome.

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