A multidisciplinary team from Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, advised Cris-Tim Family Holding (CFH) in connection with the initial public offering worth RON 454.35 million, which made history on the Bucharest Stock Exchange, valuing the company at RON 1.33 billion (EUR 262 million).
The Clifford Chance team advised the client throughout the entire project, playing a key role in preparing the entire legal infrastructure for this IPO, including the structuring of the offering, drafting the prospectus, negotiating the contractual documentation to international standards, and advising the issuer with regard to corporate governance aspects.
Mădălina Rachieru-Postolache, Clifford Chance Partner and Head of the legal team, says: “We are honored by the trust Cris-Tim has placed in us at such an important moment in the company’s history. We continue to advise on all major capital market projects, thus contributing to the development of a sustainable market that has already built a reputation in the regional context.”
Daniel Badea, Managing Partner of the Bucharest office, adds: “Congratulations to the Timiș family for this remarkable success and, at the same time, for the strategic decision to take Cris-Tim public. In the new economic and geopolitical context, Romania has extraordinary potential, and our entrepreneurs can greatly contribute to positioning our country as a regional champion. We hope that Cris-Tim’s success will encourage other Romanian brands to come to the stock exchange.”
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