RTPR has provided advice to UniCredit Bank, as intermediary, in connection with the initial public offering for the sale of newly issued shares launched by Electro-Alfa International S.A. for admission to trading on the Bucharest Stock Exchange. The transaction with a value of approximately RON 580 million represents one of the largest and most successful public offerings of a Romanian entrepreneurial company in recent years.
The team of lawyers involved in this project was coordinated by Mihai Ristici (Partner) and Vlad Stamatescu (Counsel), and further included Marina Fecheta-Giurgica (Counsel) and George Capota (Associate).
RTPR enjoys a remarkable reputation in the field of capital markets deals, gained as a result of its involvement in the most sophisticated projects in Romania. RTPR is one of the few law firms in Romania recommended by the prestigious international legal directories in the first tiers of their rankings for both Debt and Equity transactions. Legal 500 ranks it in tier 1 for the fifteenth consecutive year, and IFLR1000 places it in the first position for the twelfth year in a row. At the same time its lawyers are recommended as Leading Lawyers or Rising Stars in individual rankings produced by the same publications.
Selected capital markets transactions in which RTPR have advised are set out below:
- Autonom Services, the most important independent player on the operational leasing and rent-a-car markets in Romania, on a new bond issue, with an aggregate nominal value of EUR30m and a maturity of 5 years, with a fixed annual interest rate of 6.14%
- Autonom Services on the implementation of the first corporate bond offer programme established by a local issuer and respectively, on the private placement of the first tranche of corporate bonds valued at over EUR48m funds
- UniCredit Bank on several MREL bonds issuance, with a cumulated value of over EUR1.2bn
- UniCredit Leasing Corporation on the bond issue aiming to attract EUR300m on international markets
- Barclays Bank PLC as arranger for Alpha Bank Romania on the first mortgage bonds issue programme in Romania with a value of EUR 1 billion
- Wood & Company on the attempted EUR85m IPO and admission to trading on the Bucharest Stock Exchange of an issuer active in the food industry
- Purcari Wineries Public Company Limited on its IPO and admission to trading on the Bucharest Stock Exchange
- Wood & Company and Raiffeisen Bank as joint bookrunners on the IPO of Sphera Franchise Group, the holding entity of KFC and Pizza Hut
- Raiffeisen Bank and Wood & Company Financial Services as managers on the intermediation of MedLife’s IPO, the largest private IPO in Romania at the time
- Electrica in relation to its IPO (issuer’s counsel) on the Bucharest Stock Exchange and on the London Stock Exchange
