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Kinstellar advises PKO Bank Polski on Romanian law aspects regarding the financing for Maspex Group’s acquisition of Purcari Wineries
Kinstellar, working in cooperation with Norton Rose Fulbright, has advised Powszechna Kasa Oszczędności Bank Polski (PKO Bank Polski), acting through its Romanian branch, on the Romanian law aspects of the financing provided to Maspex Romania in connection with the acquisition of Purcari Wineries. The acquisition, structured as a voluntary takeover approved by the Romanian Financial Supervisory Authority (ASF), has been partially financed by a loan governed by Polish law. Purcari Wineries is the leading wine producer in Central and Eastern Europe and the only regional wine group listed on the Bucharest Stock Exchange. It is also the largest exporter of bottled wine from Moldova, with a portfolio of premium Romanian
Kinstellar advises on the Romanian law aspects of the recent financing for Polon-Alfa
Kinstellar is pleased to announce that it has advised on the Romanian legal aspects of the recent financing for Polon-Alfa, a portfolio company of Argan Capital, on the establishment of a new continuation fund managed by Argan Capital and the full refinancing of Polon-Alfa’s existing debt. Kinstellar worked alongside Baker McKenzie Poland, which acted as lead counsel on the transaction. Polon-Alfa is a leading manufacturer of fire detection and alarm systems, with a strong presence across Central and Eastern Europe. With a diverse product range and a focus on safety technology, the company serves both industrial and commercial sectors in multiple markets. The financing was secured through P Capital Partners
Kinstellar advises syndicate of banks on a EUR 73 million financing to Grup Serban Holding
Kinstellar is delighted to announce we have advised a syndicate of banks led by BRD Groupe Société Générale and Banca Transilvania on a EUR 73 million syndicated facility to Grup Serban Holding. BRD Groupe Société Générale and Banca Transilvania served as both Documentation Agents and Original Lenders, Raiffeisen Bank Romania joined as Sustainability Agent and Original Lender, with Banca Transilvania further assuming the roles of Facility Agent and Security Agent for the duration of the transaction. Grup Serban Holding, an entrepreneurial company active in the agricultural sector, will utilize this financing to refinance its existing debt and further expand its operations. Kinstellar’s assistance on
Romania to introduce stricter compliance rules for crypto-asset service providers
Romania’s National Office for the Prevention and Control of Money Laundering has recently published a draft of an Emergency Ordinance amending and supplementing Law no. 129/2019 on the prevention and control of money laundering and terrorist financing (the Emergency Ordinance) in order to harmonise domestic legislation with the provisions of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing (the Fifth AML Directive), as amended by Regulation (EU) 2023/113 of the European Parliament and of the Council of 31 May 2023 on information accompanying transfers of funds and certain crypto-assets
Kinstellar, together with Rymarz Zdort Maruta, advises SMYK Group on the amendment and extension of its financing
Kinstellar has successfully advised SMYK Group and its Romanian subsidiary, SMYK All For Kids, on all Romanian law aspects concerning the amendment and extension of its group financing. The financing transaction involved an extremely tight timeline and required seamless alignment, as it was conducted simultaneously with Bridgepoint’s sale of shares in Smyk Group to Accession Capital Partners (ACP). Kinstellar was previously selected by SMYK Group as its local advisor on various iterations of this financing, and also advised Bridgepoint on the local law aspects of Smyk’s acquisition in 2016. Smyk, established in 1952, is an iconic brand and Poland’s largest chain of stores selling toys, clothing for children
Kinstellar, together with Linklaters, advises a consortium of lenders on a EUR 800 million financing agreement with AmRest
Kinstellar has recently advised a consortium of lenders on the Romanian, Czech and Hungarian legal aspects of a EUR 800 million financing agreement with fast-food operator AmRest. Led by Banco Santander, S.A. as agent, the group of lenders includes Bank Polska Kasa Opieki S.A., Powszechna Kasa Oszczędności Bank Polski S.A., Česká spořitelna, a. s., ING Bank Śląski S.A., Banco Bilbao Vizcaya Argentaria, S. A., Banco Santander, S.A., Banco Santander (Poland), BNP Paribas (Poland), and Rabobank. AmRest is one of the leading publicly listed restaurant operators in Europe, with a portfolio of recognisable brands in 25 countries. The company operates restaurants under franchise brands such as KFC, Starbucks, Pizza
Kinstellar announces new promotions in Bucharest, Romania
Kinstellar is delighted to announce the promotion to Managing Associate of Mădălina Perțe (Corporate M&A), Andrei Covaliu (Dispute Resolution) and Răzvan Constantinescu (Banking and Finance), and to Senior Associate of Raluca Constantin (Dispute Resolution). These promotions come as a recognition of their contribution to our office’s recent development and their commitment to delivering exceptional value to our clients. Mădălina Perțe specializes in Corporate / M&A matters where she has dealt with various assignments. She has also been involved in multiple due diligence exercises and regularly advises companies on daily housekeeping matters. Mădălina’s expertise extends to capital
Kinstellar advises BRD-Groupe Société Générale on a EUR 24.3 million green financing in western Romania
Kinstellar is delighted to announce that it has successfully advised BRD-Groupe Société Générale SA on a EUR 24.3 million financing for the development of two green residential buildings by the Belgian property developer Speedwell in western Romania (Timișoara). The financing has been structured by BRD in accordance with the LMA Green Loans Principles and the provisions of the Substantial Contribution Criteria of the EU Taxonomy for mitigating climate-change risks applicable to this type of development. BRD is confident that these two “green” buildings located in a premium location in Timișoara will set new quality standards for addressing climate-change challenges, proving once again that the ESG standard