Schoenherr has advised Horizon Capital on its sale and private placement of a 22.7% stake in Purcari Wineries Plc for EUR 19 million, carried out through an accelerated book building process addressed to investors worldwide. RTPR Allen & Overy advised Wood & Company Financial Services, a.s., the coordinator and book-runner, and joint book-runners Raiffeisen Centrobank AG and Raiffeisen Bank S.A.
Purcari Wineries is listed on the Bucharest Stock Exchange. The placement is made through the BSE section dedicated to public offers.
Horizon Capita is a private equity firm and the management company of the Emerging Europe Growth Fund II L.P. The company has been a shareholder in Purcari since 2010 via EEGF II.
Purcari is a wine and brandy group in the CEE region that consists of the Purcari, Crama Ceptura, Bostavan, and Bardar brands. The group manages over 1,392 hectares of vineyards and operates four production platforms in Romania and Moldova. Founded in 1827, Purcari delivers to over 40 countries.
The Schoenherr Bucharest team consisted of Partner Narcisa Oprea, Attorneys-at-Law Veronica Das Alexeev and Vlad Sandulescu, and Associate Silviu Lazar.
The RTPR Allen & Overy team included Partner Mihai Ristici and Associate Marina Giurgica.