MedLife the private healthcare market leader in Romania, signed a syndicated loan of EUR 56 million, with the Romanian Commercial Bank, ING Bank, Raiffeisen Bank and BRD, of which 20 million euros will be earmarked for acquisitions. The majority stake in the company is owned by Marcu family other shareholders being the investment fund Value4Capital and IFC. According to company representatives, the 20 million will be supplemented with own funds of € 5 million and will be used exclusively for acquisitions to extend the MedLife operations nationwide.

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.

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.

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. 

The representatives of the Romanian IT company Life is Hard officially opened the trading session of the Bucharest Stock Exchange (BVB), on Tuesday, December 8, 2015, marking the debut of the first software developer on the AeRO market. Life is Hard is the developer of the most important software platform for insurance brokerage and comes on AeRO with an anticipated market capitalization of almost RON 6.9mn (EUR 1.5mn). Via the 24Broker.ro application there were subscribed polices of EUR 160mn in 2014, which is a 30% market stake of all intermediations performed by insurance brokers.