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Kinstellar Advises EBRD on Financing for Profi Rom Food

Romania
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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.

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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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