Kinstellar, working with Sullivan & Worcester, has advised the European Bank for Reconstruction and Development on partnering with Banca Transilvania to implement a supply chain financing program for Profi Rom Food.
Profi Rom Food is a Romanian retail chain.
According to Kinstellar, "this transaction marks the EBRD’s first supply chain finance initiative in Romania aimed at strengthening a domestic value chain. The EBRD will assume up to EUR 10 million in local currency risk, effectively doubling Profi’s supply chain finance program to EUR 20 million through a shared-risk model. Profi, which operates 1,750 stores across Romania under three brands—Super, Go, and Loco —will use the financing to enhance its supply chain by providing affordable working capital solutions to its suppliers."
The Kinstellar team included Special Counsel Magdalena Raducanu, Managing Associate Razvan Constantinescu, and Associates Alexandra Sofineti and Ioana Moldoveanu.
