The offering will have two tranches, EUR and RON, to better serve the holding’s development and investor demand, stated the company’s representatives.
According to them, the bonds will have a five-year maturity and the interest rate will be set within the private placement.
The offering will be handled by BT Capital Partners, while Cornestone Communications will be the authorized consultant of Teilor Holding.
“Today, we are at a crucial point for our businesses as we have the possibility to speed up their development and to significantly bolster our footprint in Romania and across Europe,” says Florin Enache, Teilor Holding founder.
In 2020, the three companies part of the holding generated total turnover worth RON192.2 million, EBITDA of RON41.1 million and net profit of RON30.6 million. Between 2018 and 2020, the overall turnover rose by 35.5% amid the expansion strategy implemented at the level of all the three companies.
Despite the pandemic and its impact over the operations of stores and physical agencies, the company managed to boost turnover against 2019 by 3% and increased its net profit margin by 2%.
In the first six months of 2021, the companies part of Teilor Holding posted RON121.4 million total turnover, up 84% from the first half of 2020. In the first half of 2021, EBITDA reached RON21.4 million, while net profit hit RON13.8 million.
“The holding has a significant growth potential in the future, with Teilor targeting compound annual growth of 27% between 2021 and 2026, Teilor Invest Exchange of 34% and Invest Intermed GF IFN of 22%, with the increases set to lead to estimated turnover of RON1 billion at the end of 2026. Therefore, we are not ruling out further operations on the domestic bourse,” concludes Mircea Varga, Teilor Holding managing board member.
(English version by Catalina Apostoiu)