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GloriaFood, which provides innovative software-as-a-service (SaaS) solutions dedicated to the global HORECA industry, was acquired by Oracle.

Radu și Asociații SPRL assisted the sellers in relation to the Romanian legal aspects of this complex deal where the buyer was a US-based company. The multidisciplinary team of Radu și Asociații SPRL worked under the supervision of Radu Diaconu, Managing Partner, and was led by Ștefan Mantea, Senior Managing Associate. The team also included Nicoleta Gheorghe (Regulatory), Claudia Grosu (IP & Commercial) and Adina Nițescu (Corporate).

Mihai Anghel, Shareholder of GloriaFood, declared: ”I would like to thank Radu și Asociații SPRL team for the legal assistance provided throughout the entire sale process. I value the contribution Ștefan Mantea had for the successful closing of the transaction.”

We thank our clients – Oliver Auerbach, Mihai Anghel and Cosmin Ancuța – for their trust. We are glad that we were involved in this high-profile transaction. We also thank the other consultants of the sellers for their collaboration – Phillip Courten and Dinesh Moorjani (Telegraph Hill Advisors), Ted Cominos, Cristina Audran-Proca and Evan W. Johnson (Eversheeds Sutherland)”, said Ștefan Mantea.