text: Deloitte Legal-affiliated firm Reff & Associates has advised investment fund Sarmis Capital on the acquisition of a majority stake in paper producer MG-Tec Industry.
  Sarmis Capital is a private equity fund established in 2019, investing in companies in Romania and Central and Eastern Europe.
  MG-Tec Industry owns three production facilities in Dej, Cluj County, producing jumbo rolls, toilet paper, kitchen towels, wipes, and medical rolls, marketed under both its own brands and private labels.
  According to Reff & Associates, following the acquisition, Sarmis Capital will support MG-Tec Industry in its international expansion.
  The Reff & Associates team included Partner Georgiana Singurel, Senior Managing Associates Stefan Caramida, Ovidiu Balaceanu, and Adrian Coman, Managing Associate Diana Stan, and Senior Associates Adrian Radu, Calin Cosma, and Bogdan Vlad.
  Reff & Associates did not respond to our inquiry on the matter.