KPMG Legal – Toncescu si Asociatii, together with the KPMG Tax and Advisory teams in Romania, working in close collaboration with KPMG Greece and CPA Law (a member law firm of the global KPMG network in Greece), and BRIGHTaddvalue, provided integrated legal and due diligence services – legal, tax, financial and technical – to Paval Holding in relation to the acquisition of the Praktiker Hellas retail network, a well-established brand in the Greek DIY sector.
Paval Holding owns Dedeman, the largest DIY retail chain in Romania, and is active in several strategic sectors. The acquisition of Praktiker Hellas marks a significant step in its international expansion strategy, aiming to strengthen its presence in the region.
The transaction included both the national Praktiker store network and the associated real estate assets. The KPMG teams provided full assistance throughout all stages of the transaction, including legal, tax, financial and technical due diligence, as well as legal support for the drafting, negotiation, and signing of the transaction documents.
"We would like to thank the teams at KPMG Legal – Toncescu si Asociatii, KPMG Romania and Greece, CPA Law and BRIGHTaddvalue for their professionalism and dedication in successfully finalizing this transaction.” stated Karina Paval, Vice President of Paval Holding.
“We are truly honored to be part of an exceptional project marking the regional expansion of the largest Romanian entrepreneurial group and representing an important milestone for the international growth of Romanian business – a topic which should stand at the core of Romania’s economic development strategy. It was a complex cross-border transaction, and we are pleased that our experts from both Greece and Romania – lawyers, tax, and financial advisors – worked together as one team to provide the integrated support required for a project of this scale.” – stated Laura Toncescu, Partner, KPMG Legal – Toncescu si Asociatii.
The KPMG Legal and KPMG teams in Romania were composed of: Rene Schob – Partner, Head of Tax & Legal, KPMG, Laura Toncescu – Partner, Head of KPMG Legal – Toncescu si Asociatii, Dragos Iamandoiu – Partner, head of corporate M&A KPMG Legal, and Elena Surdeanu – Associate Partner KPMG Advisory.
The KPMG and CPA Law teams in Greece were composed of:
Financial due diligence: Aris Georgakis (Partner) and Christina Psylou (Senior Manager),
Valuation: Kenny Evangelou (Partner) and Linos Perchanidis (Senior Manager),
Tax due diligence: Christos Krestas (Partner) and Sofia Balta (Senior Manager),
Legal due diligence and legal assistance: Theodossis Tompras (Partner), Eirini Zouli (Director), Maria Papatsara (Director), Katerina Filippatou (Senior Manager), Nelli Palamiti (Manager), Athina Oikonomopoulou (Senior Associate), Foteini Stampouli (Senior Associate), Ypatia Lampropoulou (Associate), Dimitris Koutrelis (Associate).
The technical due diligence was carried out by BRIGHTaddvalue, with the team led by Spiros Karakostas (Partner).
This transaction reconfirms the ability of KPMG Legal – Toncescu si Asociatii and KPMG Romania and Greece to deliver integrated multidisciplinary services in high-profile international projects, and reflects the confidence of Romanian investors in pursuing strategic regional expansion. Through the close collaboration between the Romanian and Greek teams, KPMG Legal – Toncescu si Asociatii and KPMG Romania & Greece provided comprehensive support tailored to the needs of an entrepreneurial client undergoing international growth.
About KPMG Legal – Toncescu si Asociatii
KPMG Legal – Toncescu si Asociatii, the affiliated law firm of KPMG in Romania, stands out in the market through its ability to deliver integrated legal services as part of complete business solutions developed together with KPMG specialists. These services are delivered using technology to ensure operational efficiency and access to innovative solutions, with the team recognized for the high quality of legal services provided by experienced and highly specialized lawyers.
