Transaction details
- Client
- Tester Grup
- Other side
- Oresa Ventures
- Business
- Real estate development
- Practice
- Real Estate
- Service
- M&A
- BCP’s role
- Exclusive strategic and financial advisor
- Transaction
- Value: undisclosed
- Closed
- 2020
In the client’s words
Blu Capital Partners (Tudor Mafteianu) represented Tester Grup in the role of strategic and financial consultant to attract an investor for the Solo industrial and logistics park in Iași. Thanks to Blu Capital Partners’ (BCP) relations with a wide range of investors, BCP achieved a competitive selling process through which we attracted offers from several investors, both local and international.
BCP advised in choosing the right investor for Tester Grup, the investment fund Oresa Ventures. BCP brought the necessary arguments in the negotiation and assisted Tester Grup until the successful completion of the transaction with Oresa Ventures.
I recommend BCP to entrepreneurial businesses that want to attract investors.
Overview of Tester Grup
- Tester Grup is one of the oldest entrepreneurial businesses in Romania, established 28 years ago, with investments in fields such as automotive, offices, industrial, insurance, logistics and transport.
Overview of the Transaction
- Solo is a Class A industrial and logistics park of 20,000 sqm developed by Tester Grup in Iași, with blue-chip tenants such as Lear Corporation and Altex, and development potential for the buyer.
- Blu Capital Partners attracted offers from a range of investors and advised on the structuring, negotiation and implementation of the transaction with Oresa Ventures, the chosen buyer. With it, Oresa entered the real estate segment in Romania. The transaction was financed from Oresa’s own funds and bank financing provided by Raiffeisen Bank.
- Oresa, an investment company with Swedish roots, has been present in Romania since 1997 and has invested about EUR 200 million in about 15 companies on the local market, including Medicover (clinics and hospital) and Synevo (laboratories).
Importance of the Transaction
- By selling Solo Park, Tester Grup generated liquidity for the group, to be used to diversify its investments in different sectors.
Blu Capital Partners Real Estate Advisory’s Role
- BCP acted as exclusive strategic and financial advisor to Tester Grup on the sale of Solo Park.
- BCP supported Tester Grup throughout the sell-side process, from deal marketing to deal closing.
- The transaction highlights BCP’s network with real estate and industrial investors and its advice in generating favourable outcomes for entrepreneurial companies.
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