Romania’s Banca Transilvania enters investment banking sector with Capital Partners deal

By bne IntelliNews March 14, 2016

Romania’s Banca Transilvania Financial Group announced on March 14 it has taken over, through its brokerage unit BT Securities, the investment banking activity of Capital Partners, the country’s leading independent consulting company in the field of M&A and corporate finance.

The takeover will mark Banca Transilvania’s entrance on the investment banking market and will help it expand its portfolio. The financial group already owns Banca Transilvania, the third largest bank by assets, and other smaller companies such as BT Leasing, BT Asset Management and BT Operational Leasing.

No financial details of the transaction have been released.

Following the transaction, BT Securities will take over the Capital Partners brand and team and BT Securities will become BT Capital Partners, the financial group said in a statement, adding that it expects the transaction to be completed by the end of March.

BT Capital Partners will advise and assist companies in their listings on the capital market and in attracting new investors, will provide brokerage services, consultancy for mergers and acquisitions, financing and structuring of complex financing schemes, market research and consultancy for strategic management.

“The entering of the investment banking market is a milestone for Banca Transilvania Financial Group, as it consolidates our range of products and services provided to large corporate clients,” the chairman of  Banca Transilvania’s managing board, Horia Ciorcila, said.

Capital Partners was founded 10 years ago and has advised on transactions amounting to more than €2bn so far.

Related Articles

Romania to restart Hidroelectrica IPO, envisages selling smaller stake

The Romanian government is interested in accelerating the initial public offering (IPO) of a stake in hydropower company Hidroelectrica, Minister of Economy Toma Petcu said on September 23, quoted by ... more

Romania appoints new economy, defence ministers

Romania's economy minister Mihai Fifor has been moved to head the defence ministry, after former minister Adrian Tutuianu resigned last week. Fifor was replaced by Gheorghe Simon, who took over the ... more

IIB to issue bonds to support activities in Romania

The Moscow-based International Investment Bank (IIB) will issue bonds to expand its existing loan portfolio and finance activities in Romania, the bank announced on September 4. The IIB has ... more