- The club deal financing was granted to Urgent Cargus to sustain the company's development projects, including to refinance its existing loans
- Urgent Cargus is one of the largest companies on the courier market in Romania, operating a national network of 72 centers and warehouses and with a fleet of over 2,600 courier vehicles
Bucharest - August 21st, 2017 – The club deal financing of RON 134 million was provided by Banca Comercială Română SA acting as Coordinating Mandated Lead Arranger, Documentation Agent and Facility & Security Agent and OTP Bank as Mandated Lead Arranger.
The credit facility has a maturity of 5 years and was granted to sustain the development of the company, including to refinance its existing loans.
Țuca, Zbârcea și Asociații acted as legal advisor to the lenders. Legal assistance to borrower was provided by Clifford Chance Badea.
About Urgent Cargus
Urgent Cargus, owned by Abris Capital Partners, is one of the largest companies on the courier market in Romania, owning and operating a national network of 72 centers and warehouses, with a fleet of over 2,600 courier vehicles (own and subcontracted) which transport over 32 mil parcels per year and has over 1,100 employees.
About ABRIS
ABRIS Capital Partners is one of the largest private equity funds active in Central and Eastern Europe (CEE), managing over €1.2 billion of committed capital. Established in 2007, ABRIS seeks to identify and partner up with dynamic and successful companies active in CEE, contributing with capital and management expertise, both at strategic and operational level. The funds come from leading global investment institutions such as sovereign wealth funds, pension funds, insurance companies and financial institutions. ABRIS has a long-term investment horizon, targeting transactions in which it is able to acquire a majority or sole ownership position. ABRIS operates using CEE-based investment teams managed from regional offices in Warsaw and Bucharest.
About OTP Bank Romania
OTP Bank Romania, a subsidiary of OTP Bank, the largest independent banking group in Central and Eastern Europe, is an integrated and self-financed financial services provider. With an approach defined by responsibility, commitment and professionalism, OTP Bank Romania understands clients’ needs and the current market context and is a trusted partner in providing financial services.
OTP Bank provides universal financial services in Hungary, Romania, Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia and Serbia for more than 13 million customers through an extended branch network of almost 1,500 units, ATM network and electronic channels.
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Banca Comerciala Romana (BCR), a member of Erste Group, is the most important financial group in Romania, including operations of universal bank (retail, corporate & investment banking, treasury and capital markets), as well as specialized companies on the leasing market, private pensions, housing banks and banking services. BCR is No. 1 bank in Romania on the assets value (over EUR 14.8 billion), No. 1 Bank by number of clients and No. 1 bank by savings and financing segments. BCR is the most valuable financial brand from Romania, considering the degree of trust of the clients and the number of people for whom BCR is the main banking institution.
BCR offers a complete range of products and financial services through a network of 22 business centres and 18 mobile offices for companies and 513 retail units located in major cities across the country with over 10,000 inhabitants. BCR is the No. 1 bank in Romania on the bank transaction market, BCR clients having available the largest national network of ATMs – over 2,000 ATMs and POSs – over 15,200 card payment terminals to merchants, as well as full service Internet banking, Mobile Banking, Phone-banking and E-commerce.
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Erste Group is one of the main financial service providers from the Eastern European Union. 46,700 employees serve 15.9 million clients in 2,700 branches from 7 countries (Austria, Czech Republic, Slovakia, Romania, Hungary, Croatia, Serbia). At the end of the third trimester of 2016, Erste Group had total assets in amount of EUR 206.8 billion, a net profit of EUR 1.18 billion, and also 1st rank common capital index (Basel 3 fully integrated) of 13.2%.
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BCR – External Communication
Catalin Ionita, e-mail: georgecatalin.ionita@bcr.ro
This information is also available on our web page at: www.bcr.ro
For details regarding BCR products and services, we are kindly asking you to use the following contact modalities
InfoBCR
Web: www.bcr.ro
Email: contact.center@bcr.ro
TelVerde: 0800.801.BCR (0800.801.227), toll-free telephone number from all the national networks.