Investments
September 20, 2016 17:09
Automotive product company Faurecia innaugurated the fourth factory of the group in Romania follwing a 12 million Euro investment. The plant is estimated to generate around 700 jobs said Hagen Wiesner, Executive Vice President of Faurecia Automotive Seating. For the next year amother 600 jobs will be created and production will be increased from around 280,000 trims of textile and leather upholstery estimated to be manufactured this year....more »
September 08, 2016 17:26
The BraasMonier group has announced the signging of an agreement to take over the Elpreco tile factory in Craiova, whose products will now be sold under the brand name ”Getica”.The Schoenherr team involved in the project is coordinated by Madalina Neagu, Local Partner, and includes the attorneys Alexandra Munteanu and Anda Tufan. According to estimations by the BraasMonier group, the transaction will generate revenue worth some RON22 million by 2019 and an operational profit of some RON7.5 million.The group is represented locally by Bramac, a company selling the group’s products under the brand name Schiedel. ...more »
September 05, 2016 16:33
RTPR Allen & Overy has advised South Eastern European Fund in relation to the sale of Total Soft S.A., the most important ERP producer in Central Europe. South Eastern European Fund is the private equity fund advised by Global Finance, one of the largest private equity firms in Central and Eastern Europe with a presence of more than 25 years in the region. The transaction was signed last week, the buyer is the Turkish company Logo Yazilim, which is owned by the private equity fund Mediterra Capital Partners. ...more »
September 02, 2016 12:43
Following the transaction announced on September 1, 2016, Direct One S.A. will take control of Netcity Group SA. the concessionaire of underground fiber optic network in Bucharest, following the agreement signed with UTI and UTI Investment BV  Direct One is the operator of a national network of over 5,500 kilometers of optical fiber. Tuca Zbârcea & Asociaţii  was the law firm that assisted the buyer, namely Direct One S.A with a team  coordinated by Catalin Baiculescu, Partner  and Vlad Cercel, Partner in the firm....more »
June 28, 2016 09:43
Metalicplas Distribution, member of Pehart Tec Group, controlled by Abris Capital Partners and businessman Ioan Tecar, has finalized a 20 million EUR investment in a new production plant for tissue paper and other paper products.  The project was developed between 2012 and 2015 on the industrial platform of Dej with a 10 million EUR state aid.  The investment created 100 workplaces....more »
June 22, 2016 11:34
Local courier firm FAN Courier, inaugurated officially heir first regional hub in Brasov following a 5 million EUR investment. According to the shareholders of the company, the main role of this hub is to handle almost a quarter of the national parcels. It is a replica of the hub in Bucharest , has 34 000 sqm and will employ approximately 300 people. ...more »
June 08, 2016 15:34
Balkan Accession Fund (BAF), a private equity fund advised by Axxess Capital and Stefan Ponea, founder and CEO of Industrial Access SA, a premium provider of equipment rental services in South Eastern Europe have signed an agreement for the ...more »
May 26, 2016 12:56
Continental invests 12 million EUR in a 7000 sqm addition to their electric components production plant in Timisoara, reaching a total of 21000 sqm by the end of the year.  The extension will consist of offices, warehousing, lockers, kitchens, sanitary spaces, and, according to Christian von Albrichsfeld, general manager Continental Romania, it will create new jobs: “ this year, we wish to increase with over 1000 employees the research and developing in production”, he says. ...more »
May 11, 2016 11:27
The only recycling industrial park in Romania, Green Group, was taken over by investment fund Abris Capital, after several months of negotiations with the majority shareholders: European Bank for Regional Development EBRD and Global Finance, a Greek fund. Following the acquisition of Cargus and Urgent Curier, and Pehart Tec (paper producer), Abris Capital Partners enters the market of waste management in Romania for a business worth 90 million EUR. Company Green Group has operations also in Serbia and Macedonia (Greentech, Greenfiber International, GreenWEEE, GreenLamp, GreenGlass Recycling and Total Waste Management, all six under the umbrella of Green Group)....more »
May 05, 2016 17:02
Blaxy Premium Resort & Hotel, the largest resort at the Black Sea in Romania with 540 rooms that offers the possibility of purchasing apartments in periodic property regime, launched on the 5th of May 2016 its hotel services, complementary to the periodical property. The total surface of the complex is 72 000 sqm, and includes exterior pools for adults and children restaurants, bars, clubs, a special area for children, and a summer amphitheater. Three out of seven sections were inaugurated, more exactly 540 rooms out of a total of 900 condos that are partly contracted. The rest will be leased in hotel regime....more »
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