In the framework of its Mergers, Acquisitions and Restructuring Practice, Costaș, Negru & Asociații recently assisted TH Trucks SRL in the shareholding change procedures.
Following this process, TH Group NV (Belgium) took full control of the company, by purchasing the 50% stake held by senior Ioan Gheorghe Chita, an essential vector in the construction and development of EVW Holding SRL and then TH Trucks SRL .
TH Group NV is a distributor of DAF vehicles with a major position in the European market, where it has a presence in 11 countries and more than 60 dealers included in its own distribution network.
At the same time, the Romanian company TH Trucks SRL (formerly EVW Holding SRL) is one of the most successful DAF truck dealers in the world. For example, the company achieved the DAF Best Overall Performance awards in both 2024 and 2023, being the best performing DAF dealer in Europe. The TH Trucks dealer network built over time includes presences both in Romania (Cluj-Napoca, Arad, Bacău, Brașov, Bucharest, Constanța, Craiova, Iași, Oradea or Pitesti) and in the Republic of Moldova (Chisinau). A business built over 25 years, TH Trucks offers integrated services to transporters through 5 divisions: new vehicle sales (DAF, Isuzu, VDL Bus & Coach), used vehicle sales (all brands), truck service (authorized service DAF, Isuzu, VDL Bus & Coach, multi-brand service), truck parts sales (DAF and TRP original parts), truck tire sales and Bandag retread tire production.
During the last 5 years, Costaș, Negru & Asociații advised TH Trucks SRL in current tax and commercial litigation.
The legal services specific to such procedures provided by Costaș, Negru & Asociații include (without being limited to), from the perspective of transaction lawyers or lawyers for one of the transaction’s parties:
– assistance in the process of construction and negotiation of a Framework Agreement, Head of Terms or Memorandum of Understanding regarding the future transaction;
– carry on of the specific due diligence procedure;
– consultancy and assistance for a wide range of problems such as: choosing the optimal tax solutions, evaluating and securing real estate transactions, assessing and managing the risks associated wit the transfer operations, identifying of specific Labour Law solutions for the transfer of personnel, managing the inherent challenges of cross-border transactions;
– preparing the specific documents for such operations (merger project, property sale contracts, shares sale-purchase agreements, shareholders’ resolutions);
– implements asset transfers and transfers of shares/social parts from the roadmap agreed upon by the actors of the transactions;
– carrying out of the formalities specific for mergers, acquisitions and restructuring before courts or before the Trade Register.
For the TH Trucks project the company was advised by a team of lawyers composed of Dr. Cosmin Flavius Costaș (Arad Bar Association), Andrei Fătu (Cluj Bar Association) and Clara Dohotar (Bucharest Bar Association).
Costaș, Negru & Asociații is a civil society of lawyers with offices in Cluj-Napoca, Bucharest and Arad, which offers assistance, legal representation and consultancy in several practice areas through a team composed of 18 lawyers and consultants. Details regarding legal services and team composition can be found on the website https://www.costas-negru.ro. All rights for the materials published on the company’s website and through social networks belong to Costaș, Negru & Asociații, their reproduction being permitted only for informational purposes and with correct and complete citation of the source.
