By its ruling, the Bucharest Tribunal has appointed Infinexa as the judicial administrator of Certinvest.
“We have taken on a mandate with a distinct profile, as Certinvest does not carry out its own operational activity, and the company’s value lies in its portfolio of shareholdings and assets across different classes, each with its own activity profile. Our main objective is to protect this value and to build a restructuring plan that creditors can support. At the same time, we understand that behind these figures are people who have lost trust and, in many cases, significant savings. That is why our mandate is not only about maximizing recoveries, but also about providing full and transparent clarification of how funds were used and how decisions were made in the past. Creditors have the right to know what happened, and where irregularities are identified, we will use all legal instruments to correct them and recover value for their benefit,” said Adrian Lotrean, CEO of Infinexa.
Certinvest Management Solutions entered preventive composition proceedings in May 2025 due to financial difficulties accumulated in previous years. The company recorded consecutive losses, accumulated unrecovered receivables, and invested in bonds issued by companies that subsequently entered insolvency or bankruptcy. The failure of the preventive composition was essentially caused by the deterioration of the relationship between the company and bondholders.
In this context, the court appointed INFINEXA as provisional judicial administrator, a company specialized in restructuring and financing distressed businesses, with assets under management totaling €360 million.
According to public documents prior to the opening of insolvency proceedings, the company’s assets were valued at over RON 55 million, while long-term debts exceeded RON117 million.