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Wolf Theiss Advises CVI on Subscribing Entire EUR 8 Million Bond Issuance by Impact Developer & Contractor

Wolf Theiss Advises CVI on Subscribing Entire EUR 8 Million Bond Issuance by Impact Developer & Contractor

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Wolf Theiss has advised CVI on subscribing to all the bonds issued by Romania's Impact Developer & Contractor in a recent corporate note issuance worth EUR 8 million. Nestor Nestor Diculescu Kingston Petersen reportedly advised the issuer.

CVI is an independent investment company operating since 2012. It manages portfolios for 11 investment funds with total assets under management of EUR 800 million. The CVI Private Debt Fund focuses on financing predominantly for small and medium-sized enterprises in Poland and CEE. 

Impact is a Romanian developer focusing primarily on residential real estate. In 1996 it became the first real estate developer listed on the Bucharest Stock Exchange. 

According to Wolf Theiss, "the funds obtained are intended to finance the expenses prior to the development/planning and construction of the issuer, as well as for the working capital needs of the issuer." 

"Given that Romania is a country of particular interest for CVI due to its high potential in the area of private financing, we are proud to have contributed to the growth of its portfolio in the region with this new deal," Wolf Theiss Partner and Head of the Banking & Finance Claudia Chiper commented.

Wolf Theiss also advised on a EUR 12 million deal between CVI and Impact Developer & Contractor back in 2017 (as reported by CEE Legal Matters on July 28, 2017).

The Wolf Theiss team was led by Chiper and included Partner Roxana Dudau, Counsel Dana Toma, Senior Associates Iuliana Stoicescu and Smaranda Vacaru, and Associate Ana Florea.

Editor's Note: After this article was published, Nestor Nestor Diculescu Kingston Petersen confirmed it had advised Impact Developer & Contractor on its EUR 8 million corporate bond issuance. The NNDKP team was led by Partner Alina Radu and included Senior Associate Alexandru Ciambur.

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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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