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Lăptăria cu Caimac attracts 4 million EUR through a private placement of shares, facilitated by BT Capital Partners

Comunicat de presa 2021-04-27
Lăptăria cu Caimac attracts 4 million EUR through a private placement of shares, facilitated by BT Capital Partners

Agroserv Măriuța SA, the company that owns the brand "Lăptăria cu Caimac", successfully concluded the private placement of shares through which it attracted 19.4 million RON, the equivalent of 4 million EUR. The shares will be listed on the Multilateral Trading System on the Bucharest Stock Exchange, this being the largest offer of shares made so far on this market.

The operation was facilitated by BT Capital Partners, the investment banking and capital markets division of Banca Transilvania Financial Group, as Intermediary and Authorized Consultant. Agroserv Măriuța was assisted in this listing process by Schoenherr, one of the international law firms operating in Romania since 1996, offering consultancy services in areas such as financial advisory, energy, construction, retail and IT&C.

Within the private placement with a total value of 19.4 million RON, the company offered for sale 431,020 shares issued by an increase of the share capital (24.9% of the total number shares), at a price of 45 RON / share, the listed offer being addressed to a number of up to 150 investors. The investment was oversubscribed 3.6 times, in total being registered subscriptions amounting to approximately 70 million RON, given that the maximum subscription per investor was limited to 1 million RON. Following the successful completion of the investment, the company's value stands at approximately 16 million EUR.

Lăptăria cu Caimac is the first business with activity in the dairy sector to be listed on the BVB AERO Market, after having listed in November 2020 a bonds issue of 3 million EUR, with an interest rate of 5.25% and maturity in 2025.

Adrian Cocan, Project manager Lăptăria cu Caimac, declares: "The company returned to the investors attention through this private placement of shares and we were happy to see 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 is a second major step for us, after the securities listing from the 2020 winter.„

"The story of Lăptăria 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 launched a bonds issue, now it is the shares turn, and the success of the private placement, which is the largest one developed so far on the multilateral trading system stock market - SMT, shows us that the investors' appetite is very high when it's time to invest in quality local business “, declares Daniela Secara, CEO BT Capital Partners.

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

"Almost two years ago, during the Made in Romania Gala, Lăptăria cu Caimac was awarded by 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 be listed on BVB. Since then, the company has attracted 7 million euros, through the issuance of bonds and shares, which proves that the investors trust the development plans of the company as customers trust the products Lăptăria cu Caimac. Most likely, many of those who invested in bonds and shares of Lăptăria cu Caimac have already become customers of the brand, if they were not already. We congratulate the entire Lăptăria cu Caimac team and BT Capital Partners for this partnership that ensured the success of the two rounds of financing ".

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

"We have grown continuously since the beggining of the factory, today we have reached a number of 15 products on the portfolio, and the monthly figures of the packaging placed on the market are becoming extremely important. We are building the butter and cheese division and increasing the production capacity of acidophiles. The savings resulting from the packaging reusage will be very important for the company's profitability, for its future capacity to support the development. We want to achieve a national system of recovery and packaging reusage, intended for consumers. The most expensive component is the bottle and jar washing station, which consists of a hall with several storage areas, but also a clean room for robots and equipment that will perform the washing and disinfection of the packaging. The impact on the environment will be a major one and this project complements many others already made, which involved modified processes to reduce water, energy and carbon emissions. We are continuing on the ambitious path we have started, to become a carbon neutral company by 2030. ”Adrian Cocan, Project manager Lăptăria cu Caimac, declared.

Agroserv Măriuța SA was established in 1994 and until 2018 had exclusively agricultural activities, large crops (wheat, barley, rapeseed, triticale, corn, alfalfa and others, on an area of 3000 ha) and a dairy farm ( with over 2700 animals). Starting with 2018, it opened a modern dairy factory and launched the Lăptaria cu Caimac brand, a brand that registered a rapid growth in the consumers’ preferences due to its high quality products.

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

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 mergers and acquisitions specialists and the largest retail broker in the Romanian capital market. BT Capital Partners offers support services for attracting investors through the capital market, brokerage services, consultancy for mergers and acquisitions, structuring complex financing schemes, market research and consulting for strategic management.