June 2025 – Kinstellar is pleased to announce that it has advised Special Flanges, a leading Italian manufacturer of high-performance forged components, on the acquisition of 100% of the shares in Vilmar, a Romanian industrial company with over 50 years of experience in the production of engineered equipment for critical applications. The transaction marks Special Flanges’ first direct investment in Romania and represents a key milestone in the group’s strategic expansion across Central and Eastern Europe.
The acquisition was carried out by the Wise Equity V fund managed by Wise Equity SGR – through its subsidiary Special Flanges – and involved the transfer of Vilmar from the French group Genoyer. The integration will create a new European industrial group.
Vilmar, headquartered in Ramnicu Valcea, Romania, has a well-established reputation in sectors such as nuclear, energy, subsea, and manufacturing. The company brings advanced engineering capabilities and internationally recognized certifications to the group.
Kinstellar provided full-scope legal and tax support for this complex transaction.
Kinstellar’s team included the following members, with general oversight from Zsuzsa Csiki (Partner, Co-Head of Corporate/M&A, Romania):
- Transactional matters: Managing Associate Mihai Stan, who acted as the main lead on the transaction, supported by Special Counsel Claudia Popescu, Senior Associate Cosmin Vasilescu, Associate Teodor Lupu, and Associate Mirela Ivana
- Tax matters: Counsel Theodor Artenie, Senior Associates Carmen Mazilu and Roxana Gheorghe
- Employment law matters: Managing Associates Lidia Zarnescu and Andrada Popescu
- Regulatory aspects: Senior Associate Dana Sarbu
- Real estate matters: Senior Associate Rena Saftencu and Managing Associate Iunia Nagy
- Competition and FDI matters: Counsel Catalin Graure and Junior Associate Cristina Costin
Congratulations to our client and to all parties involved in this landmark transaction. We are proud to have supported Special Flanges and Wise Equity in establishing a foothold in Romania and across the CEE region. This was the result of an extraordinary effort by an exceptional team. From overnight travel to Milan for closing, to managing an intense workload across multiple complex matters—the team, under Mihai’s efficient coordination, went the extra mile at every stage. I couldn’t be prouder of the professionalism, resilience, and collaboration shown by everyone involved. It was a true example of what we can achieve as a team—exceptional together, in action!
Zsuzsa Csiki, Partner, Co-Head of Corporate/M&A, Romania