Damen Galati Shipyard Secures €25 Million Financing for Expansion
Deal News | Dec 04, 2024 | CEE Legal Matters
Reff & Associates | Deloitte Legal has successfully advised Damen Galati Shipyard on securing €25 million in financing from Exim Banca Romaneasca. This substantial investment aims to support the shipbuilder's strategic investment program focused on expanding and equipping their ship assembly facilities in Romania. The legal team at Reff & Associates included Partner Andrei Burz-Pinzaru, Senior Managing Associate Patricia Enache, and Senior Associate Bogdan Vlad, who collectively facilitated the financial arrangement. Damen Galati is a prominent Romanian shipbuilder with aspirations of upgrading their infrastructure to meet growing market demands.
Sectors
- Shipbuilding
- Legal Advisory
- Banking and Finance
Geography
- Romania – The shipyard involved, Damen Galati, is based in Romania, and the financing is provided by a Romanian bank.
Industry
- Shipbuilding – The article discusses Damen Galati Shipyard, which operates within the shipbuilding industry, focusing on expanding its facilities.
- Legal Advisory – Reff & Associates | Deloitte Legal provided legal advisory services to Damen Galati Shipyard regarding their financing.
- Banking and Finance – The financing arrangement involves Exim Banca Romaneasca, highlighting the banking and finance sector's role in funding industrial projects.
Financials
- EUR 25 Million – The amount of financing provided to Damen Galati Shipyard by Exim Banca Romaneasca.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Damen Galati Shipyard | Target Company | Company | A Romanian shipbuilder receiving €25 million in financing. |
| Exim Banca Romaneasca | Bidding Company (Lender) | Company | A bank providing the financing for Damen Galati Shipyard. |
| Reff & Associates | Deloitte Legal | Legal Advisor | Company | The legal team advising Damen Galati Shipyard on the financing transaction. |
| Andrei Burz-Pinzaru | Partner | Person | A partner at Reff & Associates | Deloitte Legal involved in advising the shipyard. |
| Patricia Enache | Senior Managing Associate | Person | A senior managing associate at Reff & Associates | Deloitte Legal involved in the transaction. |
| Bogdan Vlad | Senior Associate | Person | A senior associate at Reff & Associates | Deloitte Legal involved in the transaction. |