First Bank’s Acquisition Of Bank Leumi Romania


Clifford Chance Badea has advised First Bank, owned by US-based investment fund J.C. Flowers & Co., in relation to its acquisition of Bank Leumi Romania.

Bank Leumi Romania owns a national network of 15 branches, employs 200 banking professionals, has assets of 250+ million euros and 150m euros in deposits.

The Clifford Chance team was composed by managing partner Daniel Badea (Picture) and counsel Loredana Ralea. Madalina Rachieru-Postolache (partner) and Radu Costin (senior associate) had important contributions throughout the process. The team also included, among others, senior associates Ecaterina Burlacu and Bogdan Creteanu, as well as lawyers Gabriela Muresan, Mihnea Niculescu and Maria Ciulica.

Involved fees earner: Daniel Badea – Clifford Chance; Ecaterina Burlacu – Clifford Chance; Maria Ciulica – Clifford Chance; Radu Costin – Clifford Chance; Bogdan Creteanu – Clifford Chance; Gabriela Muresan – Clifford Chance; Mihnea Niculescu – Clifford Chance; Madalina Rachieru-Postolache – Clifford Chance; Loredana Ralea – Clifford Chance;

Law Firms: Clifford Chance;

Clients: First Bank;