Deloitte Romania assisted Innova Capital in the acquisition of the payment services provider NETOPIA Group, transaction which has just been finalized www.nineoclock.ro

“We’re thrilled to denote the completion of our acquisition of NETOPIA Group, a person successful innovative outgo solutions. With a divers portfolio, NETOPIA Group is present a large subordinate successful integer payments, offering opportunities for semipermanent partnerships and marketplace expansion”, stated Krzysztof Kulig, Senior Partner astatine Innova Capital. “This transaction marks a milestone wrong the Innova/7 fund, reflecting our assurance successful the Romanian fiscal services marketplace and our committedness to fostering maturation and innovation successful the region,” added Krzysztof Kulig.

Deloitte assisted Innova Capital with fiscal and taxation owed diligence arsenic good arsenic transaction enactment services successful the process. The fiscal advisory task squad was made of Radu Dumitrescu, Partner-in-charge, Vlad Balan, Director, Ionut Vasilescu, Assistant Director, with the enactment of Silvia Mihu and Laura Necsuliu, Senior Associates, Andreea Artin and Marc Nedera, Associates. The taxation experts who worked connected the transaction were Dan Badin, Partner, Laura Bobar, Senior Manager, Ana Irina Bica and Ioana Siretchi, Senior Consultants. The task was coordinated alongside the Deloitte Poland team, led by Arkadiusz Strasz, Financial Advisory Partner.

“This task emphasizes yet again our recurring and palmy collaboration with Innova Capital, aft the 1 which marked their entranceway connected the section fiscal services market, successful 2021. We are arrogant to person been capable to enactment again with this cardinal determination capitalist successful Romania, whose enlargement connected the section marketplace done this 2nd concern confirms its assurance successful the imaginable of our economy. The wide transaction process successful this lawsuit proved to beryllium a analyzable project, with aggregate areas to beryllium covered and aligned successful presumption of fiscal and taxation aspects,” said Radu Dumitrescu, Financial Advisory Partner-in-Charge, Deloitte Romania.

Innova Capital has been contiguous successful Romania since 1998 and it holds bulk stakes successful companies progressive successful energy, user goods, healthcare and concern and fiscal services.

Founded successful 2003, NETOPIA Group provides mobile payments, online transactions with slope cards oregon via SMS, SMS selling oregon mobile telephone paper top-ups to much than 25,000 merchants and processes 25% of the full online paper transactions made successful Romania. It besides operates MobilPay Wallet, the archetypal section multifunctional integer wallet, and is simply a person successful SMS outgo services. Besides the outgo services, NETOPIA operates Web2SMS, a level for managing bulk SMS messaging campaigns and transactional communications, utilized by much than 10,000 partners, including logistics operators, fiscal institutions, e-commerce players and selling agencies.

Deloitte provides industry-leading audit and assurance, taxation and legal, consulting, fiscal advisory, and hazard advisory services to astir 90% of the Fortune Global 500® and thousands of backstage companies. The firm’s professionals present measurable and lasting results that assistance reenforce nationalist spot successful superior markets, alteration clients to alteration and thrive, and pb the mode toward a stronger economy, a much equitable nine and a sustainable world. Building connected its 175-plus twelvemonth history, Deloitte spans much than 150 countries and territories. Its nonsubjective is to marque an interaction that matters done its 457,000 radical worldwide.

Deloitte Romania assisted Innova Capital successful the acquisition of the outgo services supplier NETOPIA Group, transaction which has conscionable been finalized

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