BT Capital Partners brokers private placement of bonds raising €1.5 million for Bit Soft

Bit Soft, a company that develops and distributes integrated end-to-end solutions for the hospitality industry, has successfully closed a private placement of bonds raising €1.5 million maturing in 2025 at an interest rate of 5.5%. The bonds will be listed on the Multilateral Trading System (MTMS) of the Bucharest Stock Exchange. The transaction was brokered by BT Capital Partners, the investment banking and capital markets division of Banca Transilvania Financial Group, as Intermediary and Authorised Advisor.

In the private placement, the company offered for sale 15,000 unsecured bonds not convertible into shares, with a total nominal value of EUR 1.5 million, to up to 150 investors and qualified investors. The placement was closed early, with total subscriptions of EUR 2.6 million at an interest rate of 5.5%, representing one of the lowest funding costs obtained in similar bond offerings. More than 90 investors, both individuals and corporate, subscribed to the placement.

"The successful closing of the private placement of bonds represents an important first step in the capital market for Bit Soft, providing the company with the funds needed both to accelerate its international expansion and to sustain its efforts to develop its proprietary solutions, which have proven to be an important aid in the reinvention phase through the digitalization of restaurants, a trend triggered by the pandemic. We are glad that we had the opportunity to be with Bit Soft in this project and we thank them for their trust", says Daniela Secara, Managing Director, BT Capital Partners.

"The strategic partnership with BT Capital Partners is the beginning of a new phase for Bit Soft. We are preparing to expand into new markets, and the capital infusion brought through the bond issue provides us with the necessary foundation for the successful implementation of our medium and long-term strategy. We are honored to collaborate with BT Capital Partners and we are convinced that it will be a beneficial partnership", says Bogdan Stanciu, CEO and founder of Bit Soft.

The next step is the preparation of the necessary documents for the admission of the bonds to trading on the Multilateral System of the Bucharest Stock Exchange. Bit Soft aims for the first day of trading to take place within a month, and the symbol is BIT25E.

The funds raised from the bond listing will be used to finance the accelerated development strategy of the issuer, namely the acquisition of a group of companies carrying out a similar activity to the issuer in France and Morocco.

With more than 27 years of experience in the hospitality industry, Bit Soft develops and distributes integrated end-to-end solutions for hotels, restaurants and spa & wellness centres, being present in 3 markets in the Central and Eastern European region, namely Romania, Bulgaria and Hungary. For the hospitality industry, Bit Soft distributes and implements software solutions developed by Oracle and Protel, two of the world's leading hotel software developers. For restaurants and cafes, the company offers both Oracle and its own in-house developed solutions, and for spa&wellness centers, the company offers software developed by TAC, an Austrian company specialized in the spa&wellness industry, for reservation and customer management.

In ultimii ani, BT Capital Partners a asistat o serie de companii antreprenoriale de renume in drumul lor catre piata de capital: Clinicile Dentare Dr. Leahu (bonds, 10 million lei, 2019), Vivre Deco (bonds, 3.5 million euro, 2020), Laptaria cu Caimac (bonds, 3 million euro, 2020 and shares, 19.4 million lei, 2021), Simtel Team (shares, 13.7 million lei, 2021), SelfPay (bonds, 3 million euro, 2021), and most recently, Bit Soft.

Bit Soft is the leading provider of software for the hospitality industry in Romania. Founded in 1994 by Bogdan Stanciu, the company aims to help HoReCa businesses with both complete software products and expertise accumulated in over 27 years of activity. Present in Romania, Bulgaria and Hungary, Bit Soft serves 1.100 restaurants and 570 hotels. Among its clients are City Grill, KFC Romania, Pizza Hut, Burger King Hungary on the restaurant side and Accor Hotels, JW Marriott, Ana Hotels, Continental Hotels on the hotel side. www.bit-soft.ro.

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 markets, brokerage services, M&A advisory, structuring complex financing schemes, market research and strategic management consulting. www.btcapitalpartners.ro