Primus has advised Belarus's Mebelain factory on a EUR 20 million loan from the EBRD to facilitate the expansion of its furniture factory. EBRD was advised by Cobalt.
Mebelain is a member of the SBA Group. Within two years Mebelain plans to invest EUR 29.3 million into the development of its factory in Belarus, which, according to Primus, “will ensure a double growth of its production capacity.”
This is already the second senior loan to Mebelain from the EBRD, following its provision of a EUR 5 million senior loan in 2012 to finance the development of a greenfield veneer-faced furniture production plant in Belarus.
Since 2013 the Mebelain furniture factory has operated in Belarus's free economic zone of Mogilev and manufactures carcass furniture from natural wood veneer panels.
The Primus team was led by Partner Giedre Dailidenaite.