Blu Advisors advised Tester Grup on its sale of the Solo Park to Oresa Ventures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blu Advisors was the strategic & financial advisor to Tester Grup for its sale of the Solo Park, a Class A 20,000 SQM industrial park in Iasi, Romania, to Oresa Ventures. Blu Advisors has attracted offers from a range of investors, and advised on the structuring, negotiation and implementation of the transaction.

Through this transaction, Oresa entered the real estate segment in Romania. The transaction was financed from Oresa's own funds and bank financing provided by Raiffeisen Bank.

Oresa, an investment company with Swedish roots, has been present in Romania since 1997. Since then, it has invested about 200 million euros on the local market, in about 15 companies. The Swedish shareholders behind Oresa Ventures also own in Romania the medical services business Medicover (clinics and hospital) and Synevo (the laboratory business).

Tester Group is one of the oldest entrepreneurial businesses in Romania, being established 28 years ago and having investments in various fields such as automotive, office, industrial, insurance, logistics and transport.

In this transaction, the Tester Group was assisted by the law firm Păcuraru, Iliescu, Măzăreanu, with which it has been collaborating for 18 years, and Blu Advisors (Tudor Mafteianu) for financial and strategic matters. The transaction was financed from Oresa's own funds and bank financing provided by Raiffeisen Bank. Oresa was assisted in the transaction by RTPR lawyers and PWC.

Overview of the Company​ 

  • Tester Grup is one of the oldest entrepreneurial businesses in Romania, being established 28 years ago and having investments in various fields such as automotive, offices, industrial, insurance, logistics and transport

Overview of the Transaction​ 

  • ​Solo Park is a Class A Industrial & Logistic Park of 20,000 sqm developed by the Tester Grup in Iasi. Solo has blue chip tenants such as Lear Corporation and Altex. Solo Park offered investors further development potential near the existing Park

  • Blu Advisors has attracted offers from a range of investors, and advised on the structuring, negotiation and implementation of the transaction with Oresa Ventures, the chosen buyer

  • Through this transaction, Oresa entered the real estate segment in Romania. The transaction was financed from Oresa's own funds and bank financing provided by Raiffeisen Bank

  • Oresa, an investment company with Swedish roots, has been present in Romania since 1997. Since then, it has invested about 200 million euros on the local market, in about 15 companies (incl. medical services business Medicover (clinics and hospital) and Synevo (the laboratory business)

Importance of the Transaction

  • By selling Solo Park, Tester Grup has generated liquidity for the Group, which will be used to diversify its investments in different sectors

Blu Advisors’ Role​

  • Blu Advisors acted as exclusive strategic and financial advisor to the Tester Grup for the sale of the Solo Park

  • Blu Advisors supported Tester Grup throughout the sell-side process from deal marketing to deal closing 

  • This transaction highlights Blu Advisors network with real estate and industrial investors, as well as its advice in generating favorable outcomes for entrepreneurial companies

Blu Advisors Solo Park Tombstone.PNG
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"Blu Advisors (Tudor Mafteianu) represented the Tester Grup in the role of strategic and financial consultant to attract an investor for the Solo industrial & logistics park in Iași. Thanks to Blu Advisors' (BA) relations with a wide range of investors, BA has achieved a competitive selling process through which we managed to attract offers from several investors, both local and international. BA advised in choosing the right investor for the Tester Grup, namely the investment fund Oresa Ventures. BA brought the necessary arguments in the negotiation and assisted the Tester group until the successful completion of the transaction with Oresa Ventures. I recommend Blu Advisors to entrepreneurial businesses that want to attract investors."

Bogdan Pitigoi, President of the Tester Grup