January 2025 – Kinstellar is pleased to announce that, together with Sullivan & Worcester, we have advised the European Bank for Reconstruction and Development (EBRD), partnering with Banca Transilvania on implementing a supply chain financing programme for Profi Rom Food, one of Romania’s leading retail chains.
This transaction marks the EBRD’s first supply chain finance initiative in Romania aimed at strengthening a domestic value chain. The EBRD will assume up to EUR 10 million in local currency risk, effectively doubling Profi’s supply chain finance programme to EUR 20 million through a shared-risk model.
Profi, which operates 1,750 stores across Romania under three brands—Super (mid-sized to large stores), Go (convenience stores), and Loco (stores in rural areas)—will use the financing to enhance its supply chain by providing affordable working capital solutions to its suppliers. The programme will enable Profi to increase its support for local SMEs, particularly producers, in line with the EBRD’s Country Strategy for Romania.
Kinstellar’s role in this mandate was led by Magdalena Raducanu (Special Counsel and Head of Banking & Finance in Romania, Co-head of the Banking & Finance Regional Practice), with support from Razvan Constantinescu (Managing Associate), Alexandra Sofineti and Ioana Moldoveanu (Associates).
This innovative financing programme highlights the transformative power of strategic partnerships in driving sustainability and strengthening local supply chains. We are proud to have supported the EBRD and Banca Transilvania in delivering a tailored legal solution that empowers SMEs and fosters economic growth in Romania. Congratulations to all involved!
Magdalena Raducanu, Special Counsel and Head of Banking & Finance in Romania