The first reaction of the one who completed the purchase of Carrefour – the daughter of one of the Pavăl brothers, owners of Dedeman
The acquisition of Carrefour Romania by Pavăl Holding – the investment vehicle controlled by the Pavăl family, which also owns Dedeman and recently acquired the Practiker network, was completed by the daughter of Dragoş Pavăl, one of the founders of Dedeman, who is also the vice-president of Pavăl Holding.
“This transaction marks an important strategic step for Pavăl Holding and reflects our confidence in the long-term potential of the Romanian market. We thank the teams of KPMG Legal – Toncescu si Asociaţii, KPMG in Romania and Rothschild & Co for the professionalism and dedication demonstrated throughout the process”, said Karina Pavăl.
The transaction was brokered by the law firm KPMG Legal – Toncescu si Asociații, together with the KPMG Tax and Advisory teams from Romania
Karina Pavăl (33 years old) studied in London, first at Queen Mary University of London and then at the University of Cambridge, where she graduated with a master's degree in finance and real estate. After completing his studies, he returned to Romania to get involved in the family business.
Karina Pavăl is the heir to the empire built by the brothers Dragoş and Adrian Pavăl, but also to 30% of the Tei group of companies, which includes both the Farmacia Tei retail chain and the Bebe Tei children's store retailer.
The law firm KPMG Legal – Toncescu si Asociații, together with the KPMG Tax and Advisory teams from Romania, is assisting Pavăl Holding in the exclusive negotiations regarding the acquisition of Carrefour operations in Romania.
The transaction represents one of the most important transactions in the retail sector in Romania in recent years and marks the entry of Pavăl Holding (sole shareholder Dedeman) into food retail. Carrefour Romania operates a multi-format network of 478 stores nationwide, including hypermarkets, supermarkets, convenience stores and discount units, generating gross sales of approximately 3.2 billion euros in 2024.
The KPMG Legal – Toncescu si Asociații team, coordinated by Laura Toncescu, KPMG Partner, Head of KPMG Legal – Toncescu si Asociații, and Dragoș Iamandoiu, Partner, Head of Corporate M&A, KPMG Legal – Toncescu si Asociații, provides integrated legal assistance throughout the entire process, including the due diligence phase, negotiation assistance, assistance for signing documentation and coordination of authorization aspects, until its completion.
The KPMG Advisory team, coordinated by Elena Surdeanu, Associate Partner, and KPMG Tax, coordinated by René Schöb, Partner, Head of Tax & Legal, Monica Iordache, Associate Director, and Alexandru Comănescu, Associate Partner, performed the financial and fiscal due diligence and provided assistance during the negotiation of the transaction.
“We are honored to assist Pavăl Holding in a landmark transaction for the Romanian retail market. The size and complexity of the project required an integrated approach, in which the various legal, fiscal and financial expertise as well as the constant alignment with the Pavăl Holding team coordinated by Karina Pavăl are essential for the efficient management of all stages of the process. We thank our clients for their trust and excellent collaboration,” said Laura Toncescu, Partner, Head of KPMG Legal – Toncescu and Associates.
“Entrepreneurship means courage, vision and the ability to make strategic decisions at the right time. We are glad to have been with the Pavăl Holding team coordinated by Karina Pavăl in a project that reflects the ambition to build in the long term and to consolidate a solid position in the market. Through an integrated approach and close coordination between teams, we managed to effectively manage the complexity of the transaction and deliver a solution adapted to the client's objectives. We are pleased to have been a part from a project that sets a new benchmark in the market”, said René Schöb, Partner, Head of Tax & Legal, KPMG in Romania.
