Finance | 8 May, 2024 at 10:55 AM
Deloitte Romania assisted PIB Group on acquisition of Stein Bestasig
The transaction was signed in April 2023 and concluded in April 2024, following approvals received from the Competition Council.
The transaction was signed in April 2023 and concluded in April 2024, following approvals received from the Competition Council.
STEIN Bestasig will coordinate the PIB Group's expansion in Romania, with a series of M&A acquisitions starting in 2024.
Half of proceeds allocated to green loans for smaller businesses and half for green housing loans.
The private placement was brokered by BRD Groupe Société Générale, as Sole Transaction Coordinator, and BT Capital Partners.
Fagura, the fintech platform that connects entrepreneurs and investors, announces a new €1 million funding round secured through convertible notes.
Strong investor demand allowed initial indicative price of 6% to fall by 37.5 basis points to a price of 5.625%, while the peak value of orders reached more than €800 million.
The transaction adds to a record portfolio of nearly 5 GW of renewable energy projects advised in 2024, across various areas.