The NNDKP team assisting AAylex was coordinated by Valentin Voinescu, partner (Banking and Finance Practice), Razvan Vlad, partner (Corporate/M&A) and Georgeta Dinu, partner (Competition), and included Alexandru Ciambur and Catalina Dan, associates (Banking and Finance), Vlad Anghel, associate (Corporate/M&A) and Alexandru Sotropa, associate (Competition). Furthermore, NNDKP assisted AAylex before the Competition Council with a view to obtaining a favourable decision in relation to the concentration resulting from this acquisition. The assistance provided in connection with the acquisition of Banvit Foods entailed structuring the documents of the transaction, negotiating them with the shareholders of Banvit Foods, offering support in order to fulfil the conditions precedent agreed upon by the parties for the purposes of the transaction, and also taking all necessary actions in the closing stage of the transaction.
In addition to funding the acquisition of an ownership interest in Banvit Foods, AAylex will use the loan to finance the day-to-day operations of the group of companies. The financing of approximately EUR 20 million was granted in the form of a syndicated loan by CEC Bank and EximBank.
#Farm to fork game playrix full#
The first component entailed securing the financing, and the second one implementing the transaction for the acquisition of full ownership of Banvit Foods.
NNDKP assisted AAylex in connection with two separate components, which were handled concurrently. The acquisition of Banvit Foods, one of the leading producers of feed and “day old chicks” in Romania, will enable AAylex to optimise the operations of the Group through vertical integration of its activities “from farm to fork”. The AAylex Group, having former enterprise Avicola Buzau as its starting point, covers various operations ranging from genetics, feed production, breeding, incubation, broiler chicken farming to slaughtering and the distribution of processed chicken meat and value-added chicken meat products, under the Cocorico brand name. Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully assisted AAylex Group, one of the leading Romanian players in the food industry, controlled by entrepreneur Bogdan Stanca as majority shareholder, in securing the funds necessary for the Group’s expansion in Romania through the acquisition of Banvit Foods Romania.
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