Reff & Associates | Deloitte Legal assisted PK Development Holding, a Prime Kapital group company, in a 100 million euro bond issue, subscribed mainly by the five former financial investment funds (SIFs) – Lion Capital, Evergent Investments, Transilvania Investments, Longshield Investment Group and Infinity Capital.

The bond issue was addressed exclusively to a limited number of investors, the acquired funds being used to finance current activities and investments within the group.

A multidisciplinary team of lawyers specialized in banking & finance and in real estate form Reff & Associates | Deloitte Legal provided the PK Development Holding with legal assistance throughout the entire process, from the structuring of the transaction to the successful closing of the issue. The banking & finance team involved in the project consisted of Andrei Burz-Pinzaru, Partner, Patricia Enache, Senior Managing Associate, who coordinated the entire project, Bogdan Vlad, Senior Associate, and Lorin Schonfeld, Junior Associate, and from the real estate practice, Irina Dimitriu, Partner, and Simona Iacob, Senior Managing Associate, contributed to the success of the project.

“The transaction represents one of the most important bond issues in Romania in recent years and highlights both the appetite of issuers to diversify financing sources and that of professional investors to expand the investment portfolio. We are glad to partner with Prime Kapital in this successful venture, contributing once again to our excellent and long-standing collaboration”, said Andrei Burz-Pinzaru, Partner at Reff & Associates | Deloitte Legal, and Head of the Financial-Banking Department.