BT Capital Partners brokered a private placement of shares through which Laptaria with Caimac attracts 4 million euros

Press release 2021-04-27
BT Capital Partners brokered a private placement of shares through which Laptaria with Caimac attracts 4 million euros

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

The operation was brokered by BT Capital Partners,the investment banking and capital markets division of Banca Transilvania Financial Group, as Intermediary and Authorized Consultant. Agroserv Mariuta was assisted in this listing process by Schoenherr, one of the international law firms with activity in Romania since 1996, offering consultancy 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 by share capital increase (24.9% of the total shares), at a price of 45 lei / share, the offer being addressed to a number of up to 150 investors. The placement was oversubscribed 3.6 times, in total subscriptions of approximately 70 million lei were registered, given that the maximum subscription per investor was limited to 1 million lei. Following the successful completion of the placement, the company's valuation is approximately EUR 16 million.

Laptaria cu Caimac is the first dairy business to be listed on the AeRO market of BVB, after in November 2020 it listed a bond issue of 3 million euros, with an interest rate of 5.25% and due in 2025.

Adrian Cocan, Project Manager of Laptaria with Caimac, says: "The company has returned 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 were received with enthusiasm. It's a second major step for us after the bond listing in the winter."

"The story of Laptaria cu Caimac on BVB continues and we are glad that we have the opportunity to be with them on this road. If in November we launch a bond issue, now it is the turn of the shares, and the success of the private placement, which is the biggest so far on the stock market of the multilateral trading system - SMT, shows us that the appetite of investors is very high when it comes to investments in quality local businesses", says Daniela Secara, Managing Director, BT Capital Partners.

The next step is the preparation of the necessary documents for the admission of the shares to trading on the Multilateral System of the Bucharest Stock Exchange. Laptaria cu Caimac aims that 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 BVB and enters the BVB League, receiving the most votes in the Public Vote stage. At the same time, the company announces the intention of listing on BVB. Since then, the company has attracted 7 million euros, through the issuance of bonds and shares, which proves that investors trust the company's development plans as customers trust the products of Laptaria cu Caimac. Most likely, many of those who invested in the bonds and shares of Laptaria cu Caimac have already become customers, if they were not already. We congratulate the entire Laptaria team with Caimac and BT Capital Partners for this partnership that has ensured the success of the two rounds of financing",said Radu Hanga, President of the Board of Directors of the Bucharest Stock Exchange.

The funds obtained from the listing of the shares will be used for the development of the factory, namely, the construction of a washing station for bottles and jars, utility systems and packaging storage in various stages.

"We have continuously grown since the launch of the factory, we have reached today a number of 15 products on the shelf, and the monthly figures of the packaging put on the market become extremely important. We build the butter and cheese department and increase the production capacities of the acidophiles. The savings arising from the reuse of packaging will be very important for the profitability of the company, for the future ability to support development. We want to achieve a national system of recovery and reuse of packaging, for consumers. The most expensive component is the washing station for bottles and jars, which consists of a hall with several warehouse sectors, but also a clean room, designed for robots and machines that will perform washing and disinfection of packaging. The impact on the environment will be a major one and this project complements many others already realized, which have involved modified processes to reduce water, energy, but also carbon emissions. We continue on the ambitious path to becoming a carbon neutral company by 2030." said Adrian Cocan, Project Manager of Laptaria cu Caimac.

Agroserv Mariuta SA was founded in 1994 and until 2018 had exclusively agricultural activities, large crops (wheat, barley, rapeseed, triticale, maize, alfalfa and others, on an area of 3000 ha) and dairy farm (with over 2700 animals). Starting with 2018, it has put into operation a modern dairy factory and launched the Brand Laptaria cu Caimac, a brand that has registered a rapid growth in consumer preferences due to high quality products.

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Laptaria cu Caimac has its own farm and uses the latest means to produce quality dairy, natural, safe, nutritious and without unnecessary additions. The state-of-the-art processing plant, in which over 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 pasteurization of milk at a lower temperature than the usual average, in order to preserve the true taste of cow's milk and a large part of the nutrients. More information about Laptaria cu Caimac and the brand's products can be found at the www.laptariacucaimac.ro or on the Facebook / Instagram page Laptaria with Caimac.

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