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Portrait of Horea Popescu

Horea Popescu

Managing Partner
Head of CEE Corporate M&A

CMS Cameron McKenna Nabarro Olswang LLP S.C.P.
One Tower
165 Calea Floreasca
12th–14th floors
District 1
014459 Bucharest
Romania
Languages Romanian, English, French

Horea Popescu is the Managing Partner of CMS Bucharest and the Head of the Corporate M&A practice in CEE and Bucharest. 

With over 20 years of experience, he has been involved in some of the largest and most complex, multi-jurisdictional corporate and M&A transactions in Romania and across the CEE region, advising both local and international clients.

Specialised in mergers and acquisitions, private equity, restructuring and commercial transactions, capital market transactions, competition and privatization, Horea has extensive experience in sophisticated, multi-jurisdictional M&A transactions throughout Eastern Europe, and beyond, covering a broad range of sectors, including energy, technology, media and telecommunications, financial services, consumer products and real estate.

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"Horea Popescu is 'one of the most prominent M&A lawyers locally'. "

Legal 500, 2020

"Horea Popescu 'has a long-standing reputation in the legal market and recognised strengths as a transactional lawyer'."

Chambers, 2020

"Market leader in M&A."

IFLR 1000, 2020

Relevant experience

  • AFI Europe on its acquisition of six companies owning four Class A office projects in Romania from NEPI Rockcastle. This is one of the largest real estate transactions ever concluded in both the Romanian and CEE office markets.
  • Advent International, one of the largest and most experienced global private equity investors, on the €1.9 billion acquisition of the Zentiva’s CEE and Swiss business. This was the largest CEE life sciences transaction in 2018.
  • Liberty Global on the Romanian, Czech and Hungarian aspects of the €18.4 billion sale of its European assets to Vodafone. This was the region’s largest telecoms transaction in over a decade.
  • Bitdefender, a global cyber-security technology company founded and based in Romania, on the sale of a significant minority stake to Vitruvian. The transaction valued Bitdefender’s business at over $600 million.
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Memberships & Roles

  • Member, Bucharest Bar Association.
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Education

  • 2000 – Masters in European Law, College of Europe, Bruges, Belgium
  • 1999 – Masters in Law, Central European University, Budapest, Hungary
  • 1998 – Degree in Law, West University, Timisoara, Romania 
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12/05/2022
10 key as­pects of the re­vised EU com­pet­i­tion law in the field of dis­tri­bu­tion...
The new Ver­tic­al Block Ex­emp­tion Reg­u­la­tion (VBER) and the new ac­com­pa­ny­ing Ver­tic­al Guidelines (VGL) were pub­lished on 10 May 2022. The new VBER will enter in­to force on 1 June 2022 and ap­ply for the next twelve years. The new VBER/VGL in­tro­duce sev

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20/07/2022
CMS an­nounces series of pro­mo­tions in its Ro­mania of­fice with wo­men mak­ing...
CMS is pleased to an­nounce the pro­mo­tion of three new Coun­sels and two new Seni­or As­so­ci­ates as of 1 Ju­ly 2022. The ap­point­ments span four prac­tice areas and wo­men ac­count for 80% of pro­mo­tions in its...
19/04/2022
Ro­mania amends for­eign dir­ect in­vest­ment con­trol re­gime
What sec­tors are caught by the new for­eign in­vest­ment con­trol? Pur­su­ant to the GEO, in­vest­ments im­pact­ing the fol­low­ing eco­nom­ic sec­tors will be sub­ject to the CEISD’s re­view: Se­cur­ity of...
27/01/2022
Emer­ging Europe M&A Re­port 2021/2022
Fol­low­ing glob­al trends, the M&A mar­ket in emer­ging Europe surged in 2021— more money was spent on ac­quis­i­tions and in­vest­ments than in any of the pre­vi­ous sev­en years. After a re­l­at­ively poor show­ing in 2020, trans­ac­tion volume also bounced back to pre-pan­dem­ic levels. Not only did dir­ect ac­quis­i­tions and in­vest­ments fare well, but stock mar­ket list­ings also reached un­pre­ced­en­ted levels. Has the M&A mar­ket in emer­ging Europe scaled new heights?Wel­come to the 2021/22 edi­tion of the Emer­ging Europe re­port.
12/2021
Di­git­al Ho­ri­zons
We are pleased to share with you our latest CMS thought lead­er­ship – Di­git­al Ho­ri­zons, a series of brief re­ports ex­plor­ing CEE’s di­git­al fu­ture.Based on a re­cent sur­vey can­vassing the views of our...
12/10/2021
Leg­al guide for com­pany dir­ect­ors and CEOs in Ro­mania
ESG ob­lig­a­tion for Dir­ect­ors and CEOs 1. Do ex­ist­ing dir­ect­ors’ du­ties con­tain ob­lig­a­tions that ap­ply to mat­ters that could be cat­egor­ised as an ESG con­sid­er­a­tion, e.g. the en­vir­on­ment, em­ploy­ee...
17/09/2021
Vac­cine com­pens­a­tion re­gimes in Ro­mania
1. Are COV­ID-19 vac­cin­a­tions ob­lig­at­ory in your jur­is­dic­tion? Are you ex­pect­ing any le­gis­lat­ive changes to en­able man­dat­ory vac­cines for all or cer­tain people (e.g. health­care pro­fes­sion­als, pub­lic ser­vants...
Comparable
09/09/2021
CEE Mer­ger Clear­ance Mat­rix 2021
Cross bor­der M&A trans­ac­tions that re­quire mer­ger con­trol ap­provals in sev­er­al jur­is­dic­tions have be­come com­mon­place. To re­duce time delays and keep costs down, it is es­sen­tial to identi­fy at the early...
31/05/2021
CMS Net­work Shar­ing 4.5
On the brink of a new gen­er­a­tion
29/04/2021
CEE Green­field Guide
CEE coun­tries have at­trac­ted sig­ni­fic­ant for­eign dir­ect in­vest­ment in green­field op­er­a­tions in re­cent years. In­deed, many man­u­fac­tur­ing busi­nesses have fo­cused on ex­pand­ing ca­pa­city in CEE coun­tries...
21/04/2021
Real es­tate trans­ac­tion costs and taxes in Ro­mania
1. Due di­li­gence costs for the pur­chase of real es­tate 1.1 Mu­ni­cip­al search Cost N/A VAT N/A 1.2 Util­ity search (each ser­vice) Cost N/A VAT N/A 1.3 Land re­gistry search (per search) Cost Ap­prox...
11/02/2021
Anti-coun­ter­feit­ing and Il­li­cit Trade
Des­pite COV­ID-19 vac­cines be­ing only a few months old, we are already see­ing the con­fis­ca­tion of coun­ter­feit vac­cines and the il­li­cit trade of genu­ine vac­cines. For those in the life sci­ences and health...
23/12/2020
CMS ad­vises Na­tion­al Bank of Greece on the sale of a large NPL port­fo­lio...
In­ter­na­tion­al law firm CMS has ad­vised Na­tion­al Bank of Greece (NBG) on the dis­pos­al of a Ro­mani­an-risk cor­por­ate non-per­form­ing and sub-per­form­ing loan (NPL) port­fo­lio with a total gross book value of...