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Filip & Company and White & Case Advise on Banca Transilvania's Synthetic Securitization Deal with EIB and the EIF

Filip & Company and White & Case Advise on Banca Transilvania's Synthetic Securitization Deal with EIB and the EIF

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Filip & Company has advised Banca Transilvania on its synthetic securitization deal with the European Investment Bank and the European Investment Fund. White & Case advised EIB and EIF.

According to Filip & Company, "the implementation of this initiative, the first capital relief transaction between Banca Transilvania and the European Investment Bank Group entities, will increase access to finance for SMEs and mid-cap companies meeting certain eligibility criteria, by freeing up capital allocated to a portfolio of assets with a total balance of over RON 2 billion."

Earlier in 2024, Filip & Company advised Banca Transilvania Group on its acquisition of BRD Pensions (as reported by CEE Legal Matters on June 3, 2024), as well as on its acquisition of OTP Bank Romania and its subsidiaries (as reported by CEE Legal Matters on February 21, 2024). In 2023, the firm advised BT on its new EUR 1.5 billion bond program and EUR 500 million sustainable bond issuance (as reported on December 15, 2023) as well as on its two earlier issuances that same year, under its earlier EUR 1 billion bond program: a EUR 500 million bond issuance in April (as reported by CEE Legal Matters on May 3, 2023) and a EUR 200 million bond issuance in July (as reported by CEE Legal Matters on July 21, 2023).

The Filip & Company team included Partner Alexandru Birsan and Senior Associate Camelia Iantuc.

The White & Case team included lawyers in London, Frankfurt, and Luxembourg.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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