KPMG advised Pavăl Holding in the acquisition of a minority shareholding package in Farmacia Tei and Bebe Tei

The integrated team of attorneys and advisers from KPMG Legal – Toncescu și Asociații, KPMG Advisory and KPMG Tax assisted Pavăl Holding in the acquisition of 30 percent of the shareholding in Farmacia Tei and Bebe Tei.

The transaction is ongoing, after signing being necessary to fulfil certain conditions (including the approval of the Competition Council) until the effective implementation of the transaction, the teams of experts KPMG Legal, KPMG Advisory and KPMG Tax providing legal, financial and tax assistance during the legal, financial and tax due-diligence process, as well as legal and financial assistance throughout the entire process of drafting, negotiating and signing the transaction documentation and, further, until the effective implementation of the transaction.

Established in 1992, Farmacia Tei is specialised in the retail sale of pharmaceutical products, being a benchmark in this field due to its customer-oriented business model. The product policy, the consultancy offered to the clients, as well as the extension in new locations, helped the Tei brand to achieve a position that allowed the development of one of the most famous pharmacies in Romania.

Bebe Tei was initiated in 2011 as an innovation of Farmacia Tei, operating as a separate entity since 2014. Bebe Tei’s mission since its opening has been to bring parents an original concept of stores that meet the needs of the whole family, adapting the assortments and offering a wide range of over 60,000 products.

Pavăl Holding is the investment vehicle of Pavăl family, the largest local entrepreneurial group, which owns Dedeman and multiple other high-profile investments in Romania.   

The parties involved aim that, following this partnership, Farmacia Tei and Bebe Tei will address an exponentially larger number of customers in the future, continuing to focus on the quality of services offered both in physical locations and through online stores.