BAC Romania | Services bullet

Blending international experience with strong local expertise

Services - Asset Management


bulletPrime Property BG REIT


● BAC established and acted as co-manager of Prime Property BG REIT, the first public real estate investment trust set up in Bulgaria.

● BAC also served as an intermediary in the IPO of Prime Property BG REIT

● The REIT invests in sale leaseback, office buildings, residential property and commercial property, and develops residential and non-residential projects.

● The REIT was licensed by the Financial Supervision Commission in January 2004 and is one of the largest quoted real estate investment trusts on the Bulgarian Stock Exchange. The current market capitalization is EUR 10 million

● Strategic shareholders in Prime Property BG REIT are domestic and foreign investors, investments trusts and individuals, with a ratio of public to private shareholders of 97% to 3%


bulletBAC acts as principal, alone or in consortia with other investors, to acquire equity stakes in local companies.



 

bulletBAC Investment Banking acquired 25% of the share capital of FloriDeLux, the largest online flower retailer in Romania, with a view to support the strategic development of the business. As part of the transaction, Mediafax, Romania



 

bulletAlong with the management team, BAC Romania has financed and structured the acquisition of News Outdoor (Romania), one of the largest OOH advertising companies in Romania, from a consortium formed by VTB and Alfa Capital Partners (Russia)




 

   

bulletBAC Romania was lead investor in acquiring 49% of Delta Distribution, the largest tiles distributor in Romania. Successful exit through sale to private equity fund.

   
   

bulletBAC Romania advised Romcab Tg. Mures, an automotive components producer, on restructuring and disposal of RE assets. Morgan Stanley acquired ~25% of the company.