Bucharest – DLA Piper has advised Green Group, a group of companies controlled by leading private equity fund Abris Capital Partners and a market leader in the field of recycling in Romania, with operations in other countries in Central and Eastern Europe, on its EUR 66 million syndicated credit facilities agreement with ING Bank N.V., London Branch (as agent and security agent), ING Bank N.V. – Bucharest Branch (as coordinator, arranger and original lender), Unicredit Bank S.A. (as arranger and original lender), Banca Comerciala Intesa Sanpaolo Romania S.A. and OTP Bank Romania S.A., as original lenders.
The EUR 66 million credit facilities serve both to refinance the existing loans of the companies within Green Group and to finance new investment projects in line with the group ongoing strategy.
The DLA Piper team was led by Marian Dinu, Georgiana Stan and Cristian Vlaicu.
„In a transaction of this complexity in terms of structure, number of parties involved across multiple jurisdictions, extensive documentation and negotiations, with many legal and practical challenges occurring on the way, it is the excellent collaboration with the client that makes things happen. It was great to work with Green Group on this deal which, beyond professional satisfaction, also offered a sense of being involved and supporting the client in its commitment to implementing environmentally friendly business strategies.„, said Georgiana Stan, Senior Associate.
„We are delighted to have assisted Green Group on this important transaction which is one of the largest financings in the field of recycling in Romania. We congratulate Green Group team for their collaborative and sustained approach in expanding their investments to achieve a better and more sustainable future for all.” added Marian Dinu, Country Managing Partner.
“Green Group is a circular economy pioneer in Romania, managing to move from recycling to upcycling, which means obtaining high-quality polyester fiber from PET bottles based on the latest emerging technology and know-how. We would like to thank everyone for bringing their expertise and experience around the table to make this transaction possible, as Green Group will continue to invest in the development of its recycling and production capacities, targeting the European Leadership position”, concluded Constantin Damov, CEO Green Group.
About Green Group:
Green Group is the biggest recycling park in South-Eastern Europe and includes the following companies:
- GreenTech SA – recycled plastic waste and produces PET band and r-PET from 100% recycled material;
- GreenFiber International SA – produces polyester synthetic fiber;
- GreenWEEE International SA – treats and recycles electrical and electronic waste;
- GreenLamp Reciclare SA – treats and recycles used lightning equipment;
- GreenGlass Recycling – the largest glass recycling facility in the region;
- Total Waste Management, integrated provider of waste management services.
Since 2016, Green Group is owned by Abris Capital Partners, a private equity fund dedicated to investment in Central and Eastern Europe with capital investments of over € 1.2 billion.
About DLA Piper
DLA Piper is a global law firm with lawyers located in more than 40 countries. DLA Piper has been leading for many years the Global and European rankings in the number of M&A transactions completed. The Romanian office was set up in 2008 and has over 50 tax advisers and consultants with considerable experience in all economic sectors. DLA Piper’s lawyers team is aiming to be a market leader in terms of service quality, while having a profoundly human approach based on a good understanding of the clients’ business and the challenges they face. For more information about our organization and services, please visit www.dlapiper.com.
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For more information, please contact:
Georgiana Bădălică-Petrescu, Brand & Design Expert, Green Group, georgiana.badalica@green-group.ro
Titus Percea, Senior Marketing Manager, DLA Piper, titus.percea@dlapiper.com