Țuca Zbârcea & Asociații advises Partners for Growth VI, L.P. on a complex financing involving the Romanian subsidiary of Splend Group

A team of banking and finance lawyers from Țuca Zbârcea & Asociații advised Partners for Growth VI, L.P. on Romanian law aspects related to the accession, as additional guarantor and security provider, of the Romanian subsidiary (Splend Technology S.R.L.) of the Splend group to an Australian law governed loan note subscription agreement (equivalent of more than EUR 25 million).

The team included Partner Mihai Dudoiu, Managing Associate Cătălin Georgescu, and Associate Sorina Stefoni. Also, Hamilton Locke acted as Australian lead counsel of Partners for Growth VI, L.P.

Splend Group is a global leader in providing cars to on-demand drivers, offering training, data analytics and car rentals for ride-hailing drivers on either a rent-to-buy or for-lease basis. The company founded in Sydney has expanded over the years across Australia and Europe, its entrance on the Romanian market being made in 2017.