Biriş Goran is pleased to announce that it represented its client, One United Properties in a landmark private placement bond issuance for the development of high end real estate in Bucharest. One United Properties issued 20 million euros bonds maturing at 4 years, through private placement. The bonds will improve the company's capital structure and provide liquidity for new residential developments. This transaction has been finalized within one month of the aquisition of North Gate office building in Pipera, another notable transaction on the real estate market involving the Biris Goran team....more »

Law firm PeliFilip team provided legal assistance to Banca Transilvania in the largest acquisition on the Romanian banking market this year. On Friday, November 24, Banca Transilvania's representatives signed the acquisition contract for a 99.15% stake in Bancpost and 100% of the shares issued by ERB Retail Services IFN and ERB Leasing IFN, which are part of the Eurobank group. ...more »

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....more »

PeliFilip assisted the International Investment Bank (IIB) regarding its first EUR 60,000,000 bond issue and its third issue of RON-denominated bonds worth RON 300,000,000 at Bucharest Stock Exchange (BVB), the law firm announced on Thursday. The transaction represents a premiere for the Romanian stock market, being the first issue of EUR-denominated bonds settled in the same currency through the Central Depository system. ...more »

PeliFilip has provided legal advice to Digi Communications N.V. ("DIGI"), the majority shareholder of RCS & RDS SA, regarding the public offering of up to 21,744,108 shares at a bid price expected to be between RON 38 and RON 56 per share and the admission of the shares offered for trading on the Regulated Market at the Bucharest Stock Exchange, International Category. ...more »

Nestor Nestor Diculescu Kingston Petersen (NNDKP) advised Value4Capital (V4C) on the sale of its entire shareholding of 36.25% in Medlife S.A., Romania’s largest provider of private healthcare services.  The exit came seven years after V4C purchased the shares from Medlife’s founders and the International Finance Corporation (with NNDKP acting as local counsel) and was performed through an initial public offering on the Bucharest Stock Exchange (BSE). The transaction became the first IPO of a private company performed in the past decade in Romania....more »

MedLife and other group entities were granted 56 million EUR from a syndicate of banks made up of Banca Comercială Română, as coordinator, BRD-Groupe Société Générale, ING Bank N.V Amsterdam – Bucharest Branch, and Raiffeisen Bank. MedLife will use the resources in order to develop its business and consolidate its position on the Romanian market.  The banks were provided legal assistance by the RTPR Allen & Overy team: Victor Pădurari (Partner), Andreea Burtoiu (Counsel), Poliana Naum (Senior Associate), Andreea-Ramona Chiriac (Associate) and Petru Ursache (Junior Associate), who declare to be “happy to assist local credit institutions  on every occasion, these institutions being one of the most important pillars in supporting and developing investments in Romania”. ...more »

Alro, the biggest aluminum producer in Central and Eastern Europe finalized a 137 million dollar revolving loan approval with a bank syndicate consisting of Raiffeisen Bank International, Raiffeisen Bank România, UniCredit Bank, OTP Bank, Eximbank, Garanti Bank, Intesa Bank and Banca Transilvania. The measure was approved by the Alro Slatina shareholders in late 2015 in order to refinance a previous 120 million dollar loan, released by the European Bank for Reconstruction and Development (EBRD), in 2010. Alro ensures the loan with their immovables, mortgages for security of personal property, for their civil rights for damages caused by insurance policies, personal stocks and shares of Alum and Conef, also owned by Alro. Zamfirescu Racoti & Partners is the law firm that successfully assisted Alro into contracting the credit....more »

Banca Transilvania has purchased a portfolio consisting of performant loans, granted by the Bank of Cyprus in Romania to some retail customers. The transaction will be finalized at the end of February this year and, as a result, it will increase the retail customers database of Banca Transilvania. Thus, the Bank continues its’ acquisitions on the local market, subsequently to the taking over and integration of Volksbank Romania in 2015. ...more »

bpv Grigorescu Ştefănică offered advice on one of the most recent transactions in the financial technology (FinTech) sector on the European stage. The transaction involved a funding of EUR 8 million obtained by the German company Mambu, one of the most dynamic providers of banking software. bpv Grigorescu Stefanică represented the investment fund Acton Capital Partners, that together with CommerzVentures, provided an infusion of capital for Mambu in a series B funding round. ...more »