JUN
23
Serban Holding Group, one of the leaders in Romania's agri-food industry, has successfully completed the signing of its first syndicated financing in its history. The financing, with a total value of EUR 73 million, was coordinated by BRD Groupe Société Générale and Banca Transilvania, which also served as Documentation Agents. The syndicate also includes Raiffeisen Bank Romania, acting as Sustainability Agent and Initial Creditor. During the financing period, Banca Transilvania will act as Facility Agent and Guarantee Agent.
In the financing transaction, Șerban Holding Group was assisted by the law firm RTPR, while the syndicate banks' legal advisor was the law firm Kinstellar. The credit facility is intended for refinancing existing bank debt and supporting the development of the group’s companies. The transaction aims to strengthen the partnership between the three financing banks and Șerban Holding Group, ensuring the realignment of existing financing under a structure suitable for a rapidly growing group of companies.
„The signing of this EUR 73 million syndication represents a very important step for Șerban Holding Group in strengthening its current operations in a sustainable manner and advancing the company’s development, as previously announced, through projects totaling over EUR 85 million. We hope this success will send a positive signal to the market regarding Șerban Holding Group’s commitment to growth. This achievement was made possible thanks to the trust placed in our company by the three syndicate banks, with whom Șerban Holding Group has a significant history of collaboration."stated Nicolae Lucian Șerban, CEO of Șerban Holding Group.
„We are pleased to announce BT's participation as a Joint Lead Arranger in one of the largest syndicated financing transactions in Romanian agriculture in recent years. We reaffirm our commitment to supporting the Șerban group of companies, a longstanding partner of Banca Transilvania, as well as the development of sustainable agriculture in Romania," stated Cosmin Călin, Executive Director of Large Corporate Clients at Banca Transilvania.
„"Agriculture is a strategic sector for the Romanian economy, and through this financing, we reaffirm our commitment to supporting companies that promote innovation and performance in the field. Șerban Holding Group is a model of excellence in agriculture, and our partnership contributes to the development of a sustainable and competitive agribusiness," stated Felix Daniliuc, Executive Director of the SME Department at BRD Groupe Société Générale. "We are particularly pleased to have completed this transaction alongside the other partner banks to continue supporting the development plans of Șerban Holding Group, a group with over 30 years of experience in agribusiness. Our participation in this syndicate reaffirms the support that Raiffeisen Bank provides to the agri-food industry, a sector with extraordinary potential in Romania, and highlights the ability of Romanian entrepreneurs to collaborate with banking institutions for their growth," stated Sorin Suciu, Executive Director of Regional Corporations and Public Sector at Raiffeisen Bank Romania.
About Group Serban Holding
Șerban Holding Group is a rapidly expanding organization that began its operations in Onești in 1994. The group’s structure is integrated and includes the following areas of activity: agriculture (with over 15.000 hectares cultivated), trading of grains, oilseeds, and vegetables, Angus cattle and Île de France sheep farming, bakery, pastry and confectionery, food services, distribution, and transportation. In 2021, Șerban Holding Group was listed on the Bucharest Stock Exchange, marking an important milestone in its development and strengthening investor confidence in the financial market. Historically, the group has reported a turnover of approximately EUR 110 million and an EBITDA of EUR 14 million, reflecting its solid performance and commitment to sustainable growth. www.grup-serban.ro
About Transilvania Bank
Banca Transilvania is the largest bank in Romania and Southeastern Europe. As a universal bank, it serves all customer segments and business lines in the financial sector. It holds a market share of over 20%, serves 4.4 million clients, employs more than 10,000 people, and offers online banking solutions across 500 branches in 180 locations.
About BRD Groupe Société Générale
BRD Groupe Société Générale operates a network of 388 branches. The bank's total assets amounted to 84 billion RON as of the end of September 2024. BRD is part of the Société Générale Group, one of the leading European banks and a major player in the economy for over 160 years.
The group has 126,000 employees in 65 countries, serving 25 million clients worldwide. It operates across three complementary business lines, incorporating ESG offerings for all its clients:
- Retail Banking in France, Private Banking, and Insurance
- Global Banking and Investor Solutions
- Mobility, International Retail Banking, and Financial Services www.brd.ro LinkedIn
About Raiffeisen Bank România
Raiffeisen Bank, a top universal bank with solid capitalization and liquidity, operates in the Romanian banking market, serving over 2.2 million clients, both individuals and businesses. The bank employs more than 4,800 people across 284 branches, with 1,131 ATMs & MFMs and over 27,800 POS terminals. For more than 25 years, Raiffeisen Bank has supported Romania's economic environment by offering financial products and services tailored to meet clients' needs. Guided by the fundamental principle of responsibility, we contribute to societal development by financing the real and sustainable economy. Additionally, we are actively involved in the community, supporting five development pillars: education, urban ecology, sports as a healthy lifestyle, innovation, and, last but not least, art and culture. Since 2023, Raiffeisen Bank has introduced a new approach and perspective on banking services by launching "Banking 1:1," an interactive way to simulate the creation of a financial plan for our clients using the Smart Finance application, developed by our team in Romania. www.raiffeisen.ro
