RTPR has assisted ROCA Investments in relation to the sale of its shareholding stake in Artesana, the well-known local producer of premium natural artisanal dairy products. ROCA Investments is a private equity company that provides capital solutions and active partnerships to strengthen and scale Romanian SME’s by helping them develop business strategies that accelerate their long-term value growth.  The team of lawyers involved in this project was coordinated by Alina Stavaru (Partner) and further included Iulian Maier (Senior Associate) and Victor Popa (Associate). “We are glad to have contributed to the realisation of this transaction that proves that local entrepreneurship can develop beautifully with the right partners and together they can turn a bold vision into a success story.

A multi-jurisdictional legal team from the Clifford Chance Bucharest and London offices coordinated by Partners Mădălina Rachieru-Postolache and Kate Vyvyan advised Electrica in its historic and successful first green bond issue on foreign markets, which was oversubscribed more than 11 times and raised EUR 500 million.  The transaction was arranged by Banca Comercială Română (BCR), BNP PARIBAS, Citi, ING, J.P. Morgan, and Raiffeisen Bank International AG (as Joint Global Coordinators) and BT Capital Partners, IMI - Intesa Sanpaolo, Société Générale și UniCredit (as Joint Bookrunners).  The project team included Mădălina Rachieru-Postolache (Partner), Gabriel Toma (Counsel), Nicolae Grasu (Senior Associate), Martha Busuiocescu and Cosmin Mitrică (Associates) from Clifford Chance Bucharest, and Kate Vyvyan (Partner), John Thompson (Senior Associate) and Simina Sovi (Associate) - Clifford Chance London.  The Clifford Chance lawyers provided advice throughout the entire project, from drafting the prospectus, reviewing and negotiating contracts, assisting in discussions with various potential investors, communicating with all parties involved, including support in communication with regulators. The Electrica bonds were listed on the Luxembourg Stock Exchange and, subsequently, beginning of August, will be listed on the Bucharest Stock Exchange. Partner Mădălina Rachieru-Postolache said: “More than ten years after its dual listing on the Bucharest and London Stock Exchanges, Electrica marks another historic moment for its development strategy, while also becoming an international benchmark for Romania’s sustainability and corporate governance efforts. We are honoured to have also advised on this project, this time on the issuer’s side, with whom we share the same vision for a sustainable future and the same commitment to the highest standards of good practice, transparency and corporate discipline.”   Counsel Gabriel Toma adds: “In line with our global commitment, Clifford Chance actively supports green projects, with the conviction that they contribute to economic progress and energy transition advancement.