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World Class Romania acquires another Gym having SAA as Legal Advisors

Stratulat Albulescu Attorneys at Law assisted World Class Romania, the leader in the fitness industry in Romania, with the acquisition of a new fitness club. The acquired fitness location previously called “Stay Fit Gym Oltenitei” is now owned by World Class Romania and will be rebranded as “World Class Eroii Revolutiei”. The new fitness club covers almost 1,300 sq. m. of aerobic, fitness and cycling studios, as well as functional training areas. More than 500 active members enjoy the facilities made available by the fitness club.

Our Firm has assisted World Class Romania from the outset of this project, and throughout the entire process, being actively involved in structuring the transaction, drafting the full package of acquisition documents, then advising during negotiations on all legal aspects of the transaction. We have also provided the necessary legal assistance for the signing of the transaction documentation and successful closing of the transaction including providing assistance with obtaining the required financing necessary for payment of part of the purchase price.

Stratulat Albulescu Attorneys at Law dedicated team was led by Partner Ramona Iancu and involved in the transaction were also Associates Cătălina Oancea and Silvana Zecheru. Managing Partner Silviu Stratulat, Partner Corneliu Popa and Associate Daiana Assoum coordinated the real estate matters of the transaction, while Costin Teodorovici, Partner and Andrei Băluș, Senior Associate worked on the financing related matters.

Stratulat Albulescu Attorneys at Law is a young and dynamic Romanian law firm, providing legal advice in all business sectors and in all areas of Business Law and Dispute Resolution in Romania. Stratulat Albulescu Attorneys at Law team is comprised of lawyers who are role models in their disciplines. Our Firm works in close co-operation with highly-respected law firms throughout Europe and elsewhere and has significant experience in cross-border transactions, providing legal advice in the English, French, Italian, Romanian and Spanish languages.

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