BT Capital Partners brokered a private placement of shares to raise €4 million for Laptaria with Caimac

Agroserv Mariuta SA, the company that owns the brand Laptaria with Caimac, has successfully closed the private placement of shares through which it attracted 19.4 million lei, equivalent to 4 million euros. The shares will be listed on the Multilateral Trading System of the Bucharest Stock Exchange, which is the largest offer of shares ever made on this market.

The transaction was brokered by BT Capital Partners, the investment banking and capital markets division of Banca Transilvania Financial Group, as Intermediary and Authorised Consultant. Agroserv Mariuta was assisted in this listing process by Schoenherr, one of the international law firms active in Romania since 1996, providing advice in areas such as financial services, energy, construction, retail and IT&C.

Within the private placement with a total value of 19.4 million lei, the company offered for sale 431,020 shares issued through share capital increase (24.9% of total shares), at a price of 45 lei/share, to up to 150 investors. The placement was oversubscribed by 3.6 times, with total subscriptions of approximately 70 million lei, while the maximum subscription per investor was limited to 1 million lei. Following the successful completion of the placement, the company's valuation stands at approximately EUR 16 million.

Caimac Dairy is the first dairy business to list on the AeRO market of the BVB, after listing a €3 million bond issue in November 2020 with an interest rate of 5.25% and maturity in 2025.

Adrian Cocan, Project Manager of Caimac Lactury, says: "The company has come back to the attention of investors through this private placement of shares and we have enjoyed their growing interest. Everything went very well, the offer was oversubscribed and we are very pleased that our plans for the future have been enthusiastically received. This is a second major step for us, after the bond listing in the winter."

"Laptaria's story with Caimac on the BVB continues and we are glad to have the opportunity to join them on this journey. If in November we launched a bond issue, now it's the turn of equities, and the success of the private placement, which is the largest ever on the stock market of the multilateral trading system - MTF, shows us that investor appetite is very high when it comes to investing in quality local businesses", says Daniela Secara, Managing Director, BT Capital Partners.

The next step is to prepare the necessary documents for the admission of the shares to trading on the Multilateral System of the Bucharest Stock Exchange. Laptaria cu Caimac aims for the first day of trading to take place within one month, under the symbol MILK.

"Almost two years ago, during the Made in Romania Gala, Laptaria cu Caimac was awarded by the BVB and entered the BVB League, receiving the most votes in the Public Voting stage. At the same time, the company announced its intention to list on the BVB. Since then, the company has attracted 7 million euros through the issuance of bonds and shares, which proves that investors have confidence in the company's development plans just as customers have confidence in Laptaria cu Caimac products. Most likely, many of those who invested in Laptaria con Caimac bonds and shares have already become customers, if they were not already. We congratulate the entire Laptaria cu Caimac team and BT Capital Partners for this partnership which has ensured the success of the two financing rounds",said Radu Hanga, Chairman of the Board of Directors of the Bucharest Stock Exchange.

The funds obtained from the listing will be used for the development of the plant, namely, the construction of a bottle and jar washing station, utilities and packaging storage systems in various stages.

"We have grown continuously since the launch of the factory, today we have reached a number of 15 products on the shelf, and the monthly figures of packaging put on the market become extremely important. We are building up the butter and cheese section and increasing our acidophilus production capacity. The savings from the reuse of packaging will be very important for the profitability of the company, for its future ability to sustain growth. We want to create a national packaging recovery and reuse system for consumers. The most costly component is the bottle and jar washing station, which consists of a hall with several storage sectors, as well as a clean room for robots and machines that will wash and disinfect the packaging. The environmental impact will be major and this project complements many others already completed, involving modified processes to reduce water consumption, energy and carbon emissions. We are continuing on our ambitious path to become a carbon neutral company by 2030." said Adrian Cocan, Project Manager of Caimac Lacturing.

Agroserv Mariuta SA was founded in 1994 and until 2018 it had exclusively agricultural activities, large-scale farming (wheat, barley, rapeseed, triticale, corn, alfalfa and others, on an area of 3000 ha) and dairy farm (with over 2700 animals). Since 2018 it has been operating a modern dairy factory and launched the brand Laptaria with Caimac, a brand that has registered a rapid growth in consumer preferences due to its high quality products.

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Caimac Dairy has its own farm and uses the latest means to produce quality, natural, safe, nutritious dairy products without unnecessary additions. The state-of-the-art processing plant, in which more than 5 million euros have been invested, has a technical processing capacity of about 75 tons of milk per day, and modern processing techniques allow the milk to be pasteurized at a lower temperature than the usual average, in order to preserve the true taste of the cow's milk and as much of its nutrients as possible. More information about Laptaria cu Caimac and the brand's products can be found at www.laptariacucaimac.ro or on the Laptaria cu Caimac Facebook/Instagram page .

BT Capital Partners, the investment banking and capital markets division of Banca Transilvania, is the exclusive member in Romania of Oaklins, the largest international alliance of mergers and acquisitions specialists and the largest retail capital markets broker in Romania. BT Capital Partners offers assistance in attracting investors through the capital market, brokerage services, M&A advisory, structuring complex financing schemes, market research and strategic management consulting.