2025 was the year of most intense activity for the law firm since its entry into the Romanian market, back in 2006.
“The frenzy we are actively facing through our direct involvement in the most important transactions locally and in Central and Eastern Europe (CEE) confirms Romania’s increasingly important role in the region at a crucial moment for the reconfiguration of economic and geopolitical ties at global level,” said Daniel Badea, Managing Partner Clifford Chance Badea.
According to Clifford Chance Badea representatives, the most active practice areas remained Banking & Finance, Capital Markets and Corporate M&A, but 2025 brought a significant increase in energy projects, especially in the field of renewable energy, against the backdrop of market maturity and the need for investments in infrastructure and energy transition.
Clifford Chance Badea’s 2025 portfolio includes:
♦ Assistance granted to UniCredit in closing its merger with Alpha Bank Romania, creating the third-largest banking group by assets in Romania.
♦ Assistance granted to Actis, a leading global investor in sustainable infrastructure, with a joint venture agreement with Mubadala Investment Company, a state-owned global investment firm that acts as one of the sovereign wealth funds of the government of Abu Dhabi, in connection with one of the largest renewable energy projects in the region;
♦ Assistance granted to Nofar Energy in connection with the sale of its ownership stake in Ratesti Solar SRL;
♦ Assistance granted to Polish group Green Factory, part of Green Holding, in closing the acquisition of Eisberg Romania, Eisberg Poland and Eisberg Hungary from Swiss-held Bell Food Group;
♦ Assistance granted to T2Y Capital, a financial investor specialized in growth capital, with focus on the energy sector and related industries, in relation to the acquisition of a minority stake in Prime Batteries, a Romanian producer of energy storage solutions.
♦ Assistance granted to Cris-Tim Family Holding, a leading food industry producer in Romania, in connection with its IPO worth RON454.35 million, which made history at the Bucharest Stock Exchange, valuing the company at RON1.33 billion;
♦ Assistance granted to Carmistin International in securing a EUR500 million financing package arranged by BCR and ING Bank, the largest financing granted to Romania’s private sector in 2025;
♦ Assistance granted to the consortium of investment banks in relation to the EUR600 million bond issue launched by DIGI Romania and listed at the Euronext Dublin.
♦ Assistance granted to the consortium of investment banks in relation to the AT1 bond issue in the amount of EUR500 million launched by Banca Transilvania S.A. on foreign markets, which represents the first issue of its kind and the largest in Central and Eastern Europe.
♦ Assistance granted to arrangers BT Capital Partners, Banca Comerciala Romana, Raiffeisen Bank and Alpha Bank Romania with the transaction through which Banca Transilvania successfully completed its first leu-denominated sustainable bond issue, which raised a record amount of RON1.5 billion;
♦ Assistance granted to electricity supplier, distributor and producer Electrica Group with its first green bond issue on foreign markets, which was oversubscribed more than 11 times and raised EUR500 million;
♦ Assistance granted to NEPI Rockcastle with its most recent green bonds issues worth EUR500 million, was eight times oversubscribed by more than 200 institutional investors.
♦ Assistance granted to some global, regional and local banks such as J.P. Morgan, Goldman Sachs, Citigroup, Bank of America, HSBC, Société Générale, Erste Group Bank, Deutsche Bank, UniCredit Bank, Raiffeisen Bank, ING Bank in connection with Romania’s sovereign financing, through both eurobond issues and billateral loans;
♦ Assistance provided to some global, regional and local banks such as Morgan Stanley, Bank of America, J.P. Morgan, Erste Bank, ING Bank, BERD, UniCredit, Raiffeisen Bank, BCR, Banca Transilvania in granting loans to several important economic actors such as DIGI, Carmistin, Engie, NEPI Rockastle, Premium Porc, Pepco, InterCars, Webasto, Electrica, CCC, Aukera, BIG MEGA Renewables Energy, DRI, Enery, Greenvolt, Nofar Energy, R. Power.