Entra Capital advised Prista Oil Group on attracting €50m bank financing

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Client: Prista Oil Group BV

Prista Oil Group is a leading Bulgarian industrial group with main businesses involved in the production of lubricants and car batteries
Prista Oil Group’s production is export-oriented and is sold across Europe, Africa, Asia and the Middle-East

UniCredit Bulbank is the biggest Bulgarian bank in terms of assets
The bank is servicing over 1 million individual clients and households, high profile private customers, small and mid-sized businesses, larger domestic and multinational corporates, municipalities and budget enterprises

Consortium of institutional investors, comprised of ADM Capital and the European Bank for Reconstruction and Development (EBRD), acquired 30% stake in Prista Oil Group in 2012. By 2016, the investors started to consider exiting the Group as their investment horizon approached its final years
Prista Oil Group hired Entrea Capital to advise it on an exclusive basis on the raising of financing in order to facilitate the Consortium’s exit
Entrea Capital advised on the raising of a €50m loan from Unicredit Bulbank, used to buy back Consortium’s minority equity stake and refinance their outstanding credit facility
The transaction enabled the majority shareholders Atanas Bobokov and Plamen Bobokov to regain full control of the Group

Entrea Capital provided the following value-added services to Prista Oil Group:

Advised on the structure of the potential transaction
Screened financing institutions interested in supporting the envisaged transaction
Created the financial model that underpinned the negotiations with the lenders
Led the negotiations process and provided expert advice during the drafting of the transaction documents