EBRD and ADM Capital Support Bulgaria’s Prista Oil Group (CEE/CIS)
Source: ADM Capital
The European Bank for Reconstruction and Development (EBRD) and ADM Capital, a Hong Kong-based private equity fund investing in recovery and special situations in emerging markets, have provided a EUR60 million (US$78 million) financing package for Prista Oil Group BV, a Bulgaria-based producer of car lubricants and batteries. The financing package comprises EUR48 million (US$62.5 million) of equity and convertible instruments that will allow Prista Oil Group to reorganize its balance sheet. Additionally, the EBRD will be providing a EUR12 million (US$15.6 million) loan to finance Prista Oil Group’s capital investment program. The transaction marks ADM Capital’s first investment in Bulgaria.