BT Pensii Rebrands BRD Medio Fund After Acquisition
Deal News | May 07, 2025 | CEE Legal Matters
In a noteworthy development in the Romanian pension fund market, BT Pensii is set to acquire the BRD Medio Fund, pending regulatory approval. This transaction was made possible through an agreement forged in 2024, where Banca Transilvania Financial Group and BT Investments took ownership of BRD Pensii from its previous administrators, BRD-Groupe Societe Generale and Societe Generale Assurances. With the acquisition's completion, BRD Medio will be rebranded as Pensia Mea Plus, and BT Pensii will oversee both Pillar III funds, Pensia Mea and Pensia Mea Plus, which collectively serve over 150,000 participants. The legal intricacies of this acquisition were expertly handled by Filip & Company and PNSA, with teams led by experienced partners and associates. This strategic move highlights BT Pensii's commitment to strengthening its market position within the Romanian pension landscape.
Sectors
- Financial Services
- Legal Services
Geography
- Romania – The transaction and all participants mentioned are based in Romania, making it the geographical focus of the article.
Industry
- Financial Services – This article involves the acquisition and management of pension funds, a key segment within the financial services industry.
- Legal Services – Legal advisory played a significant role in the transaction, with Filip & Company and PNSA advising on the acquisition, highlighting the involvement of legal services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BT Pensii | Acquirer | Company | BT Pensii is involved in acquiring the BRD Medio Fund and is part of the Banca Transilvania Financial Group. |
| BRD Medio Fund | Target | Company | BRD Medio Fund is the target of acquisition and will be rebranded as Pensia Mea Plus post-transaction. |
| BRD-Groupe Societe Generale | Vendor | Company | The former owner of BRD Pensii, including the BRD Medio Fund, selling its stake as part of the transaction. |
| Societe Generale Assurances | Vendor | Company | Part of the vendor group selling BRD Pensii and BRD Medio Fund to BT Pensii. |
| Filip & Company | Legal Advisor | Company | Provided legal advisory services to BT Pensii for the acquisition of BRD Medio Fund. |
| PNSA | Legal Advisor | Company | Also provided legal advisory services on the acquisition of BRD Medio Fund. |