Lucy Group’s Acquisition of Flashnet

Dentons advised Lucy Group Ltd on the deal, while Radu Taracila Padurari Retevoescu advised Engie Group.

UK-headquartered Lucy Group Ltd executed the acquisition of an 80 percent shareholding in Flashnet S.A., a Romanian-based specialist in the design, development and manufacture of smart lighting and smart city control systems. The transaction also involved the sale of a minority package by two minority shareholders who remained in the business.

Lucy Group, particularly through its subsidiary Lucy Zodion, has a long history in street lighting controls and has successfully extended this business into smart lighting and smart city technologies. The acquisition of Flashnet will combine the technical and commercial strengths of both businesses.

Dentons’ Bucharest partners Cristina Daianu (Corporate and Venture Tech; Picture) and Claudiu Munteanu-Jipescu (Energy) led the transaction team, assisted by partners Tiberiu Csaki (Employment) and Raul Mihu (Competition and Antitrust), as well as counsel Cristina Marcu (TMT), Argentina Rafail (Corporate) and Elena Vlasceanu (Regulatory).

The RTPR team included Partners Mihai Ristici, Valentin Berea, and Roxana Ionescu, Managing Associate Marina Fecheta-Giurgica, Senior Associate Vlad Druta, and Junior Associate Flavia Mincu.

Involved fees earner: Tiberiu Csaki – Dentons; Cristina Daianu – Dentons; Cristina Marcu – Dentons; Raul Mihu – Dentons; Claudiu Munteanu-Jipescu – Dentons; Argentina Rafail – Dentons; Elena Vlasceanu – Dentons; Valentin Berea – Radu Taracila Padurari Retevoescu (RTPR); Vlad Druta – Radu Taracila Padurari Retevoescu (RTPR); Marina Fecheta-Giurgica – Radu Taracila Padurari Retevoescu (RTPR); Roxana Ionescu – Radu Taracila Padurari Retevoescu (RTPR); Flavia Mincu – Radu Taracila Padurari Retevoescu (RTPR); Mihai Ristici – Radu Taracila Padurari Retevoescu (RTPR);

Law Firms: Dentons; Radu Taracila Padurari Retevoescu (RTPR);

Clients: Engie; Lucy Group;