Clifford Chance advises Electro-Alfa International in its EUR 115 million IPO, one of the most successful listings by an entrepreneurial company in Romania to date

Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, advised Electro-Alfa International on its initial public offering of newly issued shares following a capital increase (IPO), worth approximately RON 580 million (EUR 115 million). The offering was significantly oversubscribed, placing it among the most prominent listings by Romanian entrepreneurial companies.

The Clifford Chance team was led by Radu Ropotă (Partner) and included Nicolae Grasu (Senior Associate) and Cosmin Mitrică (Associate) from the Capital Markets practice, as well as Roxana Bărboi (Associate) from the Corporate M&A practice. The team advised the client throughout the entire transaction, from the organisation and preparation of the legal framework and structuring the offer, to drafting the prospectus, negotiating the contractual documentation in line with international standards, and advising the issuer on corporate governance matters.

Partner Radu Ropotă says: "Congratulations to Electro-Alfa International for this resounding success in one of the most demanding investor environments – the capital market - and on taking this important strategic step for the business. The strong enthusiasm shown by both institutional and retail investors, demonstrates that the Romanian capital market is gaining depth and is both capable of, and keen to, supporting successful entrepreneurial companies.”