RTPR Allen & Overy has advised Wood & Company Financial Services and Raiffeisen Bank as joint bookrunners on the IPO of Sphera Franchise Group and admission to trading on the Bucharest Stock Exchange.

The RTPR Allen & Overy team was led by Loredana Chitu (Boeru) (Counsel) supervised by Costin Taracila (Managing Partner) and further comprised Vlad Druta, Mihnea Radu and Marina Giurgica.

Romania's Sphera Franchise Group raised 285 million lei ($72 million/62 million euro) through an initial public offering (IPO) of a 25% stake on the Bucharest Stock Exchange. The Group opperates the fast -food chains KFC, Pizza Hut, Pizza Hut Delivery and Taco Bell in Romania, KFC in Moldova and in the northeastern part of Italy, with annual sales of around 130 million euro and over 4,000 employees.

Austrian law firm Schoenherr was the adviser of the issuer, Sphera Franchise Group.